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Food and Beverage Beverages

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  • Beer prices on the rise Tuesday, 28 Jul 2015 | 8:00 AM ET
    Beer prices on the rise

    Constellation Brands to hike beer prices this fall.

  • LONDON/ BRUSSELS, July 28- Diageo and Heineken have agreed to dissolve their joint ventures in South Africa and Namibia, so the British spirits maker and Dutch brewer can pursue their own growth strategies in the countries. Diageo said it has become market leader in spirits in South Africa with a 40 percent share and felt it had the necessary scale to go it alone.

  • Craft beer sales pop Tuesday, 28 Jul 2015 | 6:00 AM ET
    Craft beer sales pop

    The craft beer industry continues to grow in the first half of 2015

  • BRUSSELS, July 28- Dutch brewer Heineken and spirits maker Diageo have agreed to end their 11- year cooperation in South Africa and Namibia in a series of deals to disentangle joint ventures. Diageo, whose brands include Johnnie Walker, Smirnoff and Guinness, said it had become market leader in spirits in South Africa with a 40 percent share and felt it had the...

  • UPDATE 1-Suntory Holdings says not considering IPO now Monday, 27 Jul 2015 | 10:19 PM ET

    *Listing could be in Tokyo or New York- Nikkei. TOKYO, July 28- Suntory Holdings Ltd said on Tuesday that it is not considering listing its shares now, following a Nikkei newspaper report that the beverages conglomerate is mulling an IPO as early as 2018 to pay down debt and raise growth capital. The Nikkei said the Japanese company would decide as soon as this year...

  • Craft beer growth posts solid numbers ... again Monday, 27 Jul 2015 | 5:58 PM ET
    Brewery worker examining beer in beaker. Craft breweries continue to grow.

    American craft beer production volume rose 16 percent compared to the same time last year, according to data released by the Brewers Association.

  • The American Beverage Association's sugary lawsuit Monday, 27 Jul 2015 | 10:00 AM ET
    The American Beverage Association's sugary lawsuit

    The beverage industry takes San Francisco to court over labeling regulations.

  • JOHANNESBURG, July 27- From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets. Private equity deals in Africa totalled $8.1 billion last year, the second highest on record after the $8.3 billion posted in 2007,...

  • Inside Anheuser-Busch’s craft beer deals Sunday, 26 Jul 2015 | 4:00 PM ET
    Budweiser beer and Goose Island India Pale Ale

    Anheuser-Busch has spent an estimated $200 million dollars buying craft breweries to add to its already extensive brand portfolio-and it's not done yet.

  • No drought in beer prices in these cities Friday, 24 Jul 2015 | 8:59 AM ET
    Beer

    CNBC's Jane Wells takes a look at the Top Best Most expensive cities in America to buy beer.

  • SALT LAKE CITY— Most people are gathering Friday in Utah to celebrate the state's Mormon heritage at Pioneer Day parades featuring floats, carriages and women in prairie dresses. A few gathered on patios and lawns near the parade route in Salt Lake City, sipping beer and munching on pies in a nod to the roots of the faux holiday that began 10 to 15 years ago.

  • July 24- Hong Kong stocks posted their biggest one-day drop in two weeks on Friday, tracking sluggish overseas markets, and taking cues from a correction in mainland shares. Bucking the trend, Chinese milk formula maker Yashili International Holdings Ltd rose 3.5 percent, after saying it has agreed to buy an infant milk formula unit from Danone SA and will work...

  • SHANGHAI, July 24- China stocks extended their recovery on Friday morning, with the Shanghai market heading for its seventh-day gain-- its longest winning streak in two months-- as investors increased leveraged bets despite disappointing July factory activity data. But Hong Kong stocks fell, following sluggish overseas markets, and amid investor concerns over...

  • Whisky tips from Suntory's chief blender Thursday, 23 Jul 2015 | 11:37 PM ET
    Whisky tips from Suntory's chief blender

    Shinji Fukuyo, chief blender at Suntory, offers tips on savoring whiskies and explains why the Japanese drinks giant is facing a whiskey shortage.

  • LONDON, July 23- Britvic, the British maker of Robinsons squash and Tango, stepped up its international expansion on Thursday with a 120.8 million pound acquisition of Brazilian soft drinks firm Ebba. The deal, which will largely be funded by a share placing, gives Britvic access to the world's sixth largest soft drinks market and builds on recent expansion into...

  • *China rules major stakeholders not sell off shares from July 8. SHANGHAI, July 23- The China Securities Finance Corp denied on Thursday it had sold shares in violation of regulations during the recent market rout, but admitted it had reduced its holdings in some companies by transferring stakes. The denial to the Shanghai Securities Journal and the Xinhua News...

  • LOUISVILLE, Ky.— Barely two weeks after a fire threatened to disrupt its plans, Brown-Forman Corp. celebrated the upcoming start of construction for a new Old Forester Distillery that will return its founding brand to its historic roots along Louisville's Whiskey Row. However, Brown-Forman executives said Wednesday the distillery's opening will be pushed...

  • Coca-Cola: Diet Coke still struggling in US Wednesday, 22 Jul 2015 | 1:50 PM ET

    NEW YORK— Coca-Cola says sales of Diet Coke are still sliding as people continue gravitating toward foods they feel are fresh. Sandy Douglas, president of Coca-Cola North America, attributed the drink's declining sales to the move away from diet and frozen products in recent years, with people reaching for options they consider to be fresh or natural.

  • *Prices, sales volumes rise in North America. *Share buyback plan tightened to $2.0- $2.5 bln from $2- $3 bln. July 22- Coca-Cola Co on Wednesday reported higher-than-expected quarterly earnings and revenue as it raised prices and boosted sales volumes in North America, where it has struggled to grow as consumers ditch soda for healthier options.

  • SHANGHAI, July 22- China Securities Finance Corp reduced its stake in a major domestic dairy producer to below 5 percent in July, according to a statement posted on the website of the Shanghai Stock Exchange late Wednesday. CSFC, a state-owned margin lender leading Beijing's efforts to stabilize its wobbly stock markets, held two tranches of shares in Inner...