India: Pernod Ricard seeks to boost revenue through premium whisky
Wine and spirits multinational Pernod Ricard has announced plan to triple its revenue in India over the next decade by strengthening its position in the premium whisky market. The strategy includes the launch of Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky, following release of Longitude 77, the company’s first […]
Australia: Forbidden Foods to acquire Oat Milk Goodness
Forbidden Foods, a health & wellness focused food company, has announced that it has reached an agreement to acquire Oat Milk Goodness (OMG), a leading Australian plant-based non-dairy milk company, for A$3.4 million ($2.25 million). Founded in 2019, OMG’s portfolio includes barista and chocolate oat milks, as well as a chocolate oat milk with faba […]
Australia: CCEP invests in manufacturing plant
Coca-Cola Europacific Partners (CCEP), the UK-based Coca-Cola bottler. has announced an additional investment of A$105.5 million ($69.63 million) to create a new warmfill line at its Moorabbin plant in Victoria, Australia. In a statement, CCEP said the investment would be used to develop a 4,200 sq m manufacturing hall, install a high-speed 640 bpm Nitro-Warmfill […]
Australia: Treasury Wine Estates to offload commercial portfolio
Treasury Wine Estates (TWE), the Australian wine giant, has announced plans to divest its commercial brand portfolio, including Wolf Blass, Lindeman’s, Yellowglen and Blossom Hill. The decision is part of TWE’s ongoing restructure prioritising the Premium Brands Division, which features wines priced between A$10 ($6.60) and A$30 ($19.80). In a statement, TWE said: “Following the […]
Australia: Coles opens second automated distribution centre
Australian grocery retailer Coles has announced the opening of a new distribution centre in Western Sydney, the company’s second to function using automated technology. In a press release, the company said the new distribution centre was part of an investment of more than $1 billion ($655 million) in technology led innovation. The 187,000 sq mt […]
India: Emami to acquire remaining stake in The Man Company for $72.8 million
FMCG major Emami has announced that it will acquire an additional 49.6% stake in men’s grooming brand The Man Company, taking full ownership for $72.8 million. The Man Company offers premium grooming essentials and fragrances including beard products, skincare and haircare products, deodorants, and perfumes, sold through e-commerce platforms and major retail chains. This acquisition […]
India: Sumuka Agro to merge with Gujjubhai Foods
Sumuka Agro, an Indian consumer food brand, has announced that it has received approval from the Bombay Stock Exchange for its merger with Gujjubhai Foods, a manufacturer of packaged snack food items founded in 1974. In a statement, Sumuka Agro said the merger would consolidate business and assets and streamline the operations and networks of […]
India: Haleon to sell non-US nicotine replacement business to Dr Reddy’s
Haleon, a consumer healthcare firm, has announced it has entered into an agreement to sell its nicotine replacement therapy business outside of the US to Indian multinational pharmaceutical company Dr Reddy’s for £500 million ($633 million). The portfolio set to be acquired includes the brands Nicotinell, Nicabate, Habitrol, and Thrive, inclusive of all formats such […]
India: Britannia to close biscuit factory in Kolkata
Consumer goods manufacturer Britannia has announced plans to close a factory in Taratala, Kolkata that manufactures biscuits, according to Times Now and Just Food report. Founded in 1947, the Taratala factory is described as Britannia’s second-oldest manufacturing site in India. It occupies 11 acres of leasehold land and supports a workforce of approximately 150. This […]
Japan: Pernod Ricard starts construction on new gin distillery
Wine and spirits multinational Pernod Ricard has started construction om a new €25 million (US$26.8 million) distillery for its high-end Japanese gin brand Ki No Bi in Kameoka City, according to a FoodBev report. The new facility will be powered by renewables an is expected to increase production capacity for Ki No Bi at least […]