The briefing on the latest beverage developments

The news and data you need to know about the industry

News and numbers

DB Breweries acquires Kingfisher beer licensing rights

DB Breweries reportedly acquired the licensing rights of Kingfisher beer from India-based United Breweries. Owned by Dutch brewing company Heineken, DB Breweries will manufacture and distribute Kingfisher beer in New Zealand and Australia from next year.

2.3 billion

Lactalis has completed its previously announced acquisition of Itambé, which will enable it to process 2.3 billion litres of milk annually in Brazil.

Study says sugary drinks could lead to cancer

A new study published by the British Medical Journal has revealed that consumption of sugary drinks could lead to cancer.

World Spirits Alliance formed

Global spirits producers and organisations have collaborated to create an international trade association called the World Spirits Alliance (WSA).

$2.5m

Sweet Reason Beverage, a New York-based cannabidiol (CBD) infused beverage company, has raised $2.5m in its seed investment round.

Remy Cointreau CEO to step down this year

Rémy Cointreau Group has announced the departure of its chief executive officer Valerie Chapoulaud-Floquet. The company noted that Valerie will step down by the end of this year due to personal reasons.

Philippines raises taxes for alcopops

The Philippines Government plans to increase alcopop tax to generate additional revenue and discourage binge drinking. At a recent meeting, the Department of Finance and the Department of Health discussed the emergence of alcopops and a proposal for the 18th Congress to create a separate tax for the beverages.

further reading

Education ‘crucial’ to growth of bitter spirits

Brands such as Aperol and Campari have seen accelerating sales in recent years as consumers increasingly explore the bitter spirits category. Producers believe, however, due to the complexity and breadth of the category being broadly unknown, that consumer education is vital to maintaining growth.

Source: The Spirits Business

05/21/2024 01:27:43