Beverage Industry News
A collection of Beverage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Lotte Chilsung, Thailand's CP Group sign MOU for beverage partnership
Lotte Chilsung Beverage said Tuesday it has partnered with Thailand's Charoen Pokphand (CP) Group to expand sales of its beverage and bottled water products in the Southeast Asian country. Under a memorandum of understanding (MOU) signed with CP…
Wine and spirits could get cheaper after the midterms. Here's why
Booze brands are hopeful that help is on the way for their industry – and they need it. Tariffs and declining drinking habits have weighed heavily on beverage companies over the last two years, but changing control of Congress may signal…
Pictet Asset Management Holding SA Purchases 1,490,285 Shares of Monster Beverage Corporation $MNST
Pictet Asset Management Holding SA increased its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 216.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and…
Molson Coors Beverage (NYSE:TAP) Given New $42.00 Price Target at Morgan Stanley
Molson Coors Beverage (NYSE:TAP - Get Free Report) had its target price lowered by analysts at Morgan Stanley from $46.00 to $42.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an 'equal weight' rating on the…
Molson Coors Beverage (NYSE:TAP) Stock Price Expected to Rise, Barclays Analyst Says
Molson Coors Beverage (NYSE:TAP - Get Free Report) had its price objective raised by Barclays from $36.00 to $40.00 in a research note issued on Monday, Benzinga reports. The firm currently has an 'underweight' rating on the stock. Barclays 's…
KPS Capital to Acquire MM Packaging Stake at $2.7 Billion Enterprise Value
Private-equity firm KPS Capital Partners has agreed to acquire a majority stake in Mayr-Melnhof Karton's consumer-packaging business in a deal valuing the business at about $2.7 billion. Vienna-listed MM Group will retain a 30% holding in MM…
Portland Water District secures $8.1M to protect Sebago Lake
Portland Water District was awarded an $8.1 million grant to lead a regional watershed protection initiative safeguarding Sebago Lake, a drinking water source for more than 200,000 people. The money came from the Regional Conservation Partnership…
PepsiCo to cut about 1,000 jobs as North American business struggles
PepsiCo will cut about 1,000 jobs across North America as part of a broader turnaround. The company says it will streamline operations and connect teams more closely across its North American business. Pepsi lowered its 2026 earnings outlook in…
McDonald's teams with Uber in Australia and 13 other markets
McDonald's and Uber have targeted Australia as one of the 14 countries where their newly expanded McDelivery partnership will launch. Uber has become the preferred delivery partner for orders placed on McDonald's own app, with the two companies…
Food industry pushes back on WHO guidance for products with added colour, sweeteners
By Alexander Marrow and Jennifer Rigby LONDON, Nov 9 (Reuters) – Governments should consider regulating foods that include added colours, flavours or sweeteners designed to make the product more appealing to consumers, according to new draft…
Abita marks 40 years with vodka cocktails and new ventures
Abita turns 40 this year, and Louisiana's largest craft brewery is mixing things up. Why it matters: The company is finding new ways to stay relevant as drinking habits change. The big picture: The craft beer market continued to shrink last year…
PepsiCo layoffs: 1,000 jobs reportedly slashed as CEO pushes soda giant to 'be faster' and 'more capable
November has already been a tough month for layoffs. In the tech sector, numerous big-name companies, including Amazon, Block, and Squarespace, have already cut roles or are planning to. But workplace reductions are not limited to just tech.
Jersey's £10m new airport departure lounge to open soon
Jersey Airport's newly refurbished £10m departure lounge will finally be seen by members of the public 'as early as next week', Ports of Jersey's chief executive has said. The hall includes a viewing platform, wicker cows, Jersey granite and…
Hyro on a high with electrolyte drinks
Hydration is big business for Steve Chapman, who wants to fill a gap in the beverage market between clinical hydration products and sugary sports drinks – a gap that he believes could be worth six figures one day. He launched beverage brand…
65 Veterans Day Food Deals: Free Meals and Restaurant Discounts
Every year, Americans celebrate Veterans Day to honor veterans and active-duty military members for the sacrifices they've made for our country. This year, the occasion falls on Wednesday, Nov. 11, and many many restaurants are offering active-duty…
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