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Diageo’s $150m global supply chain shakeup ‘likely’ to cost jobs
Diageo will spend around £100m refocusing its global supply and procurement operations to reflect acquisitions in key emerging markets, but says the streamlining operation will probably mean job losses.
Nestlé coffee factory fire sparks mass evacuation
Nestlé tells BeverageDaily.com that it chose to evacuate hundreds of staff from its main UK coffee factory yesterday – which makes its Nescafé and Dolce Gusto brands – after machinery...
Raisio sells €7m oat, soy and rice business to Norwegian firm
Finnish ag-food giant Raisio has sold its €7m a year oat, soy and rice foods business that includes its Soygurt business to €330m Norwegian food company Kavli.
EU sugar quota reform: 2015 v 2020? Is it time to give sugar beet a caning?
On the day 27 associations issued a joint open letter imploring the EU to keep to its word and scrap widely despised sugar quotas across the bloc in 2015 -...
Coca-Cola Enterprises defends ‘French way’ after fierce Titan attack
Coca-Cola Enterprises has ridden to the rescue of French industrial recovery minister Arnaud Montebourg following his spat with the CEO of US tyre firm Titan International, who claimed that Goodyear’s...
Ingredients and flavours drive double-digit development for Kerry
Irish food and ingredients giant Kerry Group has reported a 10.8% increase in operating profit for the year of 2012 on the back of strong growth driven by its ingredients...
Food fraud plans unveiled by England, Scotland and EU
Food safety officials in England, Scotland and the EU have all revealed measures to step up the detection of food fraud, in the wake of the horse meat scandal.
Nestlé reports slower growth, expects challenging year ahead
Nestlé’s share price fell 2.3% on Thursday as the company announced its slowest growth in three years, with developing markets hit by natural disasters and continued market weakness in Europe...
dutch brewer will not 'change course' in china
Heineken hints at appetite for non-core European disposals in FY 2012 results call
Heineken said today it is reviewing its non-core European businesses that don’t focus fully on beer, and asking whether its ownership of such assets makes strategic sense.
Diageo spirits ABC is advantage over SAB Miller: Analyst suggests
Diageo is in an arguably stronger market position than multinational peer SAB Miller due to its core exposure to spirits rather than beer, according to one City analyst who covers...
COCA-COLA ENTERPRISES NOTES 'INTERESTING' GSK LUCOZADE, RIBENA REVIEW
Vanilla Coke back in Britain after six-year absence
Coca-Cola Enterprises CEO John Brock says that GSK’s decision to start a strategic review of Ribena and Lucozade is an ‘interesting development’, while the firm plans to relaunch Vanilla Coke...
Food Vision set to help navigate journey to the industry’s future
The next 5-10 years will present a significant challenge for global business, with a new event promising to help business leaders navigate the ‘biggest period of global change since the...
Heineken silent on Finnish sale tattle but confirms JP Morgan strategic review link
Heineken has confirmed to BeverageDaily.com that it is working with JP Morgan as it begins a strategic review of its Finnish business, and PepsiCo licensee, Hartwall but refused to comment...
diageo h1 2013 results
Diageo CEO bowled Cuervo ball, but hints at 'exciting' 2013 tequila entry
Diageo CEO Paul Walsh says he was ‘somewhat disappointed’ by the breakdown of talks to acquire the Jose Cuervo tequila brand, but hints his firm may make an ‘organic entry’...
German confectionery exports sink to seven year low
Germany confectionery exports were at the lowest level since 2005 last year as the market was hit hard by EU sugar shortages, according to the German confectionery Association (BDSI).
‘Warning’ strikes start, Coca-Cola Germany confirms 450 possible job losses
Coca-Cola Deutschland has confirmed to BeverageDaily.com that up to 450 jobs could be lost in Germany this year, as it faces a ‘warning’ wave of union strikes this week over...
Healthy food enzymes help Novozymes report 2012 growth
Increasing demand for industry to produce healthier foods helped Novozymes to a strong 2012 performance in its food and drink business, however the Danish enzyme specialist says growth was ‘below expectation’.
Tate & Lyle Sugars takes battle against EU to court
Sugar refiner Tate & Lyle Sugars will take its fight against the European Commission for alleged mismanagement of the European sugar market to court today.
Support voluntary anti-obesity efforts, industry urges EC presidency
Opposition to food taxes and support for voluntary industry actions to tackle obesity feature on a wish list of food industry priorities for the Irish presidency of the Council of...
Irish food industry welcomes skyrocketing sales – but where are the brands?
The Irish food industry has boomed in the past few years but more growth needs to come from branded food manufacturers, says food specialist consultancy Bullseye Food Marketing.
News in brief
US antitrust issue could sink $20.1bn AB InBev, Grupo Modelo deal – report
Anheuser-Busch InBev (AB InBev) could walk away from its $20.1bn takeover of Grupo Modelo if US regulators insist it sell the latter’s newest bottling plant to win approval for the...
HEINEKEN WINNING VOLUME AT EXPENSE OF MARGIN IN RUSSIA: ANALYST
‘Goodnight Vienna’: Heineken confirms CEE leadership move to drive growth
Heineken has confirmed to BeverageDaily.com that it will move its Central and Eastern European (CEE) leadership team from Vienna to Amsterdam this summer, to better drive regional growth.
Barr Britvic job fears persist in Scotland as OFT delays competition decision
As fears in Scotland persist over possible job losses if the AG Barr/Britvic merger goes through, the Office of Fair Trading (OFT) tells BeverageDaily.com that its delay in publishing a...
News in brief
Molson Coors sees US export potential with Irish craft beer buy
Molson Coors says its purchase of the Franciscan Well craft beer brand and microbrewery is a central step in its plans to build up a strong market share in Irish...
Food price inflation to stabilise, Sainsbury sales up
Food price inflation is expected to stabilise over the next few months – despite recent reports of big food price increases from Waitrose – according to market research organisation BRC-Nielsen.
