Food and Beverage Beverages

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  • TOKYO/ BRUSSELS, Feb 10- Asahi Group Holdings Ltd has offered to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros, it said on Wednesday, as the Japanese company seeks to offset slow growth at home. Asahi is Japan's biggest brewer with a 38 percent market share, but the company has sought growth outside of Japan where a shrinking...

  • *Asahi eyes overseas growth as beer sales fall in Japan. TOKYO, Feb 10- Asahi Group Holdings Ltd has reached a preliminary deal to buy SABMiller PLC's Peroni and Grolsch beer brands for over 400 billion yen, the Nikkei daily reported, as part of efforts to offset slow growth at home. But the company has sought grow outside Japan where beer sales have fallen over the...

  • Why the low oil price is hurting...beer Wednesday, 10 Feb 2016 | 3:49 AM ET

    Low oil prices are hurting beer sales in some countries but the chief executive of Heineken told CNBC that its key brand has "miles to grow."

  • Carlsberg Q4 profits hit by continuing decline in Europe Wednesday, 10 Feb 2016 | 2:50 AM ET

    HELSINKI— Carlsberg says poor sales in Europe more than halved its fourth-quarter profit despite a slight increase in overall revenue, and the Danish brewer gave a guarded outlook for the year. Net profit in the quarter was 78 million kroner, down from 168 million kroner a year earlier. The group said its beer volumes last year were down 4 percent, mainly due to the...

  • Starbucks reveals a Valentine’s Day beverage Tuesday, 9 Feb 2016 | 9:49 AM ET
    Starbucks reveals a Valentine’s Day beverage

    The molten chocolate will be offered through Valentine’s Day.

  • *To buy back $2 bln- $2.5 bln shares in 2016. *4th- qtr adj EPS of $0.38/ share vs est $0.37. Coca-Cola said on Tuesday it would refranchise all its North America bottling operations by the end of 2017, three years earlier than expected, and also refranchise its bottling operations in China.

  • Coca-Cola's Q4 beats Street Tuesday, 9 Feb 2016 | 7:51 AM ET
    Coca-Cola's Q4 beats Street

    Stephen Powers, UBS analyst, breaks down Coca-Cola's quarterly numbers and shares his thoughts on growing the brand abroad.

  • Global volume up for Coke, though Diet Coke fizzles Tuesday, 9 Feb 2016 | 7:03 AM ET

    ATLANTA— Coca-Cola's global soda volume rose in the fourth quarter, even as Diet Coke continued to suffer declines. "Some of it may be cannibalization," said Chief Financial Officer Kathy Waller in a phone interview. James Quincey, Coke's president and chief operating officer, noted during a call with analysts that diet and light sodas are outperforming regular...

  • Feb 9- Coca-Cola Co said it would refranchise all its North America bottling operations, including its 39 cold-fill production factories, three years earlier than expected, as the soda maker looks to cut costs. The company said in April it would refranchise only two-thirds of its bottling operations in North America by 2017, with all bottling operations in the...

  • *India, Philippines, Indonesia consider tax on sugary drinks. *British lawmakers debate issue, follows sugar tax in Mexico. Scandinavian countries have had such taxes, with varying degrees of success, for many years, and in 2012, France and Hungary joined the list, followed by Mexico in 2014..

  • Feb 5- Greek-yogurt maker Chobani LLC, founded by billionaire Hamdi Ulukaya, said on Friday it had rejected offers from beverage giant PepsiCo Inc and other investors. Chobani worked with Goldman Sachs Group Inc to explore the sale after being approached by several parties in 2015.. The decision to reject the offer was due in part to the terms, Chobani said in an...

  • TORONTO, Feb 5- Canada's main stock index fell on Friday in a broad retreat after a weak jobs report and as falling oil prices weighed on energy stocks. At 9:49 a.m. EST, the Toronto Stock Exchange's S&P/TSX composite index was down 96.03 points, or 0.75 percent, at 12,678.47. Canada's jobless rate hit a two-year high in January as the oil-producing province of...

  • PepsiCo's game day bet Thursday, 4 Feb 2016 | 10:52 AM ET
    PepsiCo gears up for Superbowl

    PepsiCo is sponsoring the Super Bowl 50 halftime show. Seth Kaufman, PepsiCo chief marketing officer, and Ram Krishnan, Frito-Lay chief marketing officer, discuss the exciting opportunity for the company's brands, and rumors about Bruno Mars in the show.

  • In Colorado, fears about InBev's entry into craft beer Wednesday, 3 Feb 2016 | 11:58 AM ET

    DENVER— In a former bakery south of downtown Denver, Matthew Fuerst makes beer flavored with ingredients like Hatch green chiles that he chops by hand. Fuerst worries InBev could use its distribution leverage and buying power to squeeze other craft beers out of liquor store shelves, discount its own craft beer line and buy up raw materials after its purchase...

  • Sake-flavored KitKat released in Japan Wednesday, 3 Feb 2016 | 8:10 AM ET
    Sake-flavored KitKat released in Japan

    Sake lovers in Japan can now try out the new white chocolate KitKat bars featuring sake powder.

  • FRANKFORT, Ky.— Producers of Kentucky bourbon and Tennessee whiskey are toasting another year of strong sales and revenue growth, led by consumers increasingly ordering high-priced, super-premium brands. Combined U.S. revenues for bourbon, Tennessee whiskey and rye whiskey shot up 7.8 percent to $2.9 billion in 2015, up $210 million from the prior year, the...

  • TEGUCIGALPA, Feb 1- Coffee exports from Honduras rose 1.9 percent in January compared to the same month last year, national coffee institute IHCAFE said on Monday, despite a new report of smuggling large quantities of beans to both Guatemala and Mexico. The country's coffee exporters association, ADECAFEH, estimated on Monday that some 345,000 bags during the...

  • LONDON, Feb 2- Coffee shops, burger bars and clothes stores are among the foreign businesses in China that say they are thriving despite the economic slowdown that is hurting the manufacturing sector. A Reuters examination of comments or recent statements from 34 large publicly-traded foreign companies that updated investors on their China operations...

  • Honduras coffee exports up nearly 2 pct in Jan Monday, 1 Feb 2016 | 6:12 PM ET

    TEGUCIGALPA, Feb 1- Coffee exports from Honduras rose 1.9 percent in January compared to the same month last year, national coffee institute IHCAFE said on Monday. Coffee shipments from Honduras, Central America's biggest producer, totaled 535,628 60- kg bags in January. During the first four months of the current 2015/ 2016 season, Honduras shipped 958,678 bags,...

  • PARIS, Feb 1- France agreed on Monday to convert half of Cuba's debt arrears to Paris into investment projects during a visit by Cuban President Raul Castro to the French capital to forge closer ties. As relations between Washington and Havana warm, France has been eager to build closer financial and commercial ties with Cuba. France and other Paris Club...