Just Drinks - Beverage Industry News | Market Research
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Tilray Brands cuts jobs in drinks operations - Just Drinks
WEBSep 5, 2024 · Tilray also acquired a clutch of beer brands from Anheuser-Busch InBev last year, including Blue Point Brewing, Shock Top, Breckenridge Brewery and Square Mile Cider.. Some of the assets were acquired by AB InBev in deals during the 2010s. Three of the brewers were bought in 2019 when the company acquired Craft Brew Alliance outright.. Tilray’s net revenue from its beverage-alcohol business ...
Monster sees “unprecedented” US energy drinks slowdown
WEBAug 8, 2024 · Monster Beverage Corp. co-CEO Rodney Sacks said the company’s recent quarterly year-over-year volume declines are “relatively unprecedented”. In a call with analysts yesterday (7 August), Sacks touched on the struggles of the energy-drink category in the US of late, echoing the thoughts of domestic competitor Celsius Holdings earlier this ...
Diageo launches official draught Guinness 0.0 trials in UK
WEBSep 2, 2024 · Diageo has started a longer-term test sale of its non-alcoholic Guinness on draught in the UK on-premise. The zero-alcohol stout will be sold at The Devonshire pub in Soho, London, priced at £6.35 ($8.34) a pint. It will be available on tap until early 2025 “with the possibility to extend”, Diageo told Just Drinks.
Hungary investigates bottled water green claims - Just Drinks
WEBAug 12, 2024 · The Hungarian Competition Authority has “initiated proceedings” against multiple beverage producers, including Coca-Cola HBC over advertising claims that may be ill-founded relating to environmental packaging credentials.. The watchdog is investigating Coca-Cola HBC Magyarország (Coca-Cola HBC Hungary), Coca-Cola Magyarország Szolgáltató (Coca-Cola Hungarian Services) and The Coca-Cola ...
Why is there a slowdown in US energy drinks?
WEBAug 14, 2024 · The Monster Energy brand owner saw top and bottom-line growth year-on-year, with its energy drinks segment sales increasing 3.3% to $1.74bn in the three-month period. Meanwhile, Celsius’ revenues were up 23% and its adjusted EBITDA jumped 29% to $100.4m for the quarter. And yet, the overhanging message from both US …
The Coca-Cola Co. to appeal $6bn US tax dispute - Just Drinks
WEBAug 2, 2024 · The Coca-Cola Co. is set to appeal a US court decision that supported a government bid to claim circa $6bn in taxes. The soft drinks giant revealed that the US Tax Court entered this decision today (2 August) in the ongoing case between Coca-Cola and the US Internal Revenue Service (IRS). The decision reflects …
Bega Group hands off drinks facility to Grove Juice
WEBAug 29, 2024 · Australian juice and dairy major Bega Group has announced it has secured a “binding agreement” to sell its juice extraction factory in Leeton, New South Wales, to local juice maker Grove Juice. The sum of the deal was not disclosed. Following the transaction, Grove Juice will have control over the facility and its machinery the group ...
Brown-Forman holds to full year outlook as sales slide - Just Drinks
WEBConor Reynolds August 30, 2024. Brown-Forman has reaffirmed its full-year outlook, despite reporting lower volumes and profit decline, citing shifting ordering patterns and a weak consumer. The group’s CEO stated that the company was “confident and reaffirming” its full year 2025 outlook of organic net sales growth of 2% to 4%.
Vintage Wine Estates ‘gets green light’ to sell five brands
WEBAug 21, 2024 · Foley Family Wines is set to acquire five brands for $15m. US group Vintage Wine Estates has reportedly been given court approval to sell five wine brands to Foley Family Wines. After filing for bankruptcy last month, Vintage Wine Estates looks set to offload its wine brands Bar Dog, Cherry Pie, Swanson, Consentino and SCV for a …