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Food and Beverage Beverages

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  • Aug 13- Coca-Cola Co on Thursday named James Quincey president and chief operating officer, setting up the long-time company veteran to possibly one day take the helm of the world's largest soda maker. The announcement means that Quincey could succeed Kent, 62, who was elected CEO in 2008. Under the new management structure, the heads of Coke's international...

  • Aug 13- Coca-Cola Co named James Quincey president and chief operating officer, a management shake-up that prompted questions of whether Quincey is now positioned to one day take the helm of the world's largest soda maker. The announcement means that Quincey could succeed Kent, 62, who was elected CEO in 2008. Under the new management structure, the heads of...

  • UPDATE 1-Coca-Cola names Quincey COO, Bozer to leave Thursday, 13 Aug 2015 | 10:02 AM ET

    Aug 13- Coca-Cola Co named James Quincey chief operating officer, and said company veteran Ahmet Bozer, who had been seen as a possible successor to Muhtar Kent as CEO, would be leaving. Quincey was instrumental in leading the negotiations for the recently proposed merger of Coke's bottlers Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola...

  • Hefe-Wheaties, the brew of champions Thursday, 13 Aug 2015 | 8:00 AM ET
    Hefe-Wheaties, the brew of champions

    General Mills partners with Fulton Beer to make a Wheaties-themed brew.

  • DPS enters the sports drink game Wednesday, 12 Aug 2015 | 6:00 AM ET
    DPS enters the sports drink game

    Dr Pepper Snapple invests in energy drink company BodyArmor.

  • KO looking to shift blame Monday, 10 Aug 2015 | 8:00 AM ET
    KO looking to shift blame

    Coca-Cola is funding scientists working to shift the blame for obesity away from food. - NY Times

  • SEOUL, Aug 10- For the boldest frontier market investor: North Korea is looking to raise $39 million from foreign investors to fund a new brewery in Wonsan, an eastern port city where leader Kim Jong Un has big development ambitions. Egypt's Orascom Telecom, which runs Pyongyang- based Koryolink- the country's sole mobile phone network- has not been able to withdraw...

  • Aug 7- Coca-Cola Co is nearing a deal to buy a minority stake in U.S. organic juice company Suja Life LLC, people familiar with the matter said on Friday, as the soft drink giant tries to identify the next big hit with consumers. The deal, which gives Coca-Cola the option to buy the remainder of Suja in three years, would strengthen the Atlanta- based company's hold on the...

  • UPDATE 2-Three European Coca-Cola bottlers to merge Thursday, 6 Aug 2015 | 10:27 AM ET

    *New company called Coca-Cola European Partners. The transaction will give the new company-- Coca-Cola European Partners-- a value of 28 billion euros including debt, a source involved in the deal said, adding that was based on the core earnings of all three companies, the planned synergies and CCE's current valuation. CCEP will have annual revenue of $12.6 billion...

  • UPDATE 1-Three Coca-Cola bottlers agree to merge Thursday, 6 Aug 2015 | 8:21 AM ET

    LONDON, Aug 6- Coca-Cola Enterprises, a European soft drink bottler, is to combine with Coca-Cola Iberian Partners and the German bottling business of Coca-Cola Co, the companies said on Thursday, creating the world's largest independent bottler of Coke drinks by revenue, with business in 13 countries. The new company, to be called Coca-Cola European Partners,...

  • MUMBAI, Aug 5- Nestle SA's Maggi noodles comply with food safety standards, authorities in India's Goa state said, in the first such ruling since the popular instant snack was pulled from stores after another state lab reported high lead content. Nestle was drawn into its worst crisis in India when food safety inspectors in Uttar Pradesh found high lead content...

  • Cheers! European consumption healthy: Campari CEO Wednesday, 5 Aug 2015 | 1:30 AM ET
    Cheers! European consumption healthy: Campari CEO

    Robert Kunze-Concewitz, CEO of Campari, says European consumption levels are still in positive territory.

  • U.S. fund managers tapping into African beer market Tuesday, 4 Aug 2015 | 3:25 PM ET

    Aug 4- Forget Milwaukee and Brooklyn- Lagos and Dar es Salaam are the new brewery hot spots, according to U.S. mutual fund managers as they tap Africa's emerging beer companies in pursuit of long-term returns on investment. Africa is expected to see the largest increase in the legal drinking age population by 2018, while in western Europe and North America, the...

  • BRUSSELS, Aug 3- Heineken NV, the world's third-largest brewer, announced better-than-expected earnings for the first half on Monday, helped by robust growth of its Tiger brand in Vietnam and rising beer sales in Mexico and parts of Europe. The Dutch brewer, whose Heineken lager is Europe's top seller, increased profit on a like-for-like basis in all regions...

  • Craft beer helping drive demand: Heineken CEO Monday, 3 Aug 2015 | 2:10 AM ET
    Craft beer helping drive demand: Heineken CEO

    Jean-Fran├žois van Boxmeer, CEO of Heineken, says the American craft beer movement is helping to drive demand in beer.

  • NEW YORK, Aug 3- For U.S. coffee shops, business usually cools down as the weather heats up. Others have jumped on board, including the nation's largest coffee chain, Starbucks, which launched cold brew at 2,800 stores this summer. "One day, there will be no regular iced coffee," Mai said, while pouring a nitrogen-infused cold brew made by Brooklyn- based Gillies Coffee...

  • How Anchor Brewing's beer revolution started Sunday, 2 Aug 2015 | 12:00 PM ET
    Anchor Brewing owners Keith Gregor (L), Tony Foglio (C) and Fritz Maytag (R).

    After Fritz Maytag bought a stake in Anchor Brewing in 1965, it set in motion the trends that put the craft beer movement on the map.

  • Why higher beer prices might not last long Friday, 31 Jul 2015 | 1:54 PM ET
    Corona Beer

    Brewing companies are showing signs they might increase beer prices, but that might have negative effects for the industry.

  • Global coffee exports down 3.3 pct in June - ICO Friday, 31 Jul 2015 | 10:19 AM ET

    LONDON, July 31- Global coffee exports fell 3.3 percent in June from a year earlier to total 9.69 million 60 kg bags, the International Coffee Organization said on Friday. For the first nine months of the 2014/ 15 season, which began on Oct. 1 last year, coffee exports were down 3.3 percent at 83.02 million bags. Robusta coffee exports fell 6.1 percent in June from a year...

  • July 28- ConAgra Foods Inc has started talks with TreeHouse Foods Inc and Post Holdings Inc regarding the sale of its private label unit Ralcorp, which could be valued at around $3.5 billion, according to people familiar with the matter. TreeHouse, Post, and private equity firms that include Apollo Global Management LLC and Cerberus Capital Management LP have...