The beverage company is seeking to establish its presence in the country's café segment. It is claimed that the company wishes to strengthen its footprint in other industries worldwide to mitigate the risks arising in its core carbonated beverage business.
Coca-Cola India has entered the sports hydration segment with the launch of Powerade in the country. The drink is formulated with ION4, a combination of sodium, potassium, magnesium and calcium.
Vasari Beverages has raised $100m capital to expand its existing operations in Ethiopia. The funding will be used to enhance the production capacity of its Rorank Business in Ethiopia.
King's Row Coffee has launched a nitro cold-brew coffee line to the US market. Called King's Brew, the beverages were created by chef Craig Shelton. The collection features Original Black, Maple Water, Bourbon & Butter, Decaf Cappuccino and Mushroom Mocha flavours.
Amber Beverage Group (ABG) has acquired UK-based drinks distributor Cellar Trends. Under the deal, Geoff Watts will continue as managing director of Cellar Trends and the remaining team will not see any major changes.
Caribou Coffee is introducing canned ready-to-drink (RTD) cold brew beverages to the US market. Made from Caribou Blend beans, the coffees are brewed for 12 hours, resulting in a smooth beverage with no bite or bitterness.
Global spirits producer Bacardi and US-based spirits and wine company Brown-Forman Corporation have agreed to end their UK agreement, which is set to expire in April next year.
The Canadian government is set to spend C$1.75bn ($1.32bn) over eight years to assist dairy farmers facing competition as a result of free trade deals.
Dutch multinational dairy cooperative FrieslandCampina plans to increase the production of Verband Lebensmittel Ohne Gentechnik (VLOG) milk significantly due to a sharp rise in demand in Germany.
FoodTech start-up Better Juice and Brazil-based juice producer Citrosuco have partnered to establish a pilot plant that reduces sugars in orange juice.