Food and Beverage Beverages

  • By Pamela Barbaglia and Martinne Geller. LONDON, Dec 6- The field of bidders for SAB Miller's Central and Eastern European beer brands being sold by Anheuser-Busch InBev has narrowed after U.S. buyout fund Bain Capital walked away, sources told Reuters on Tuesday. The other bidders are a consortium led by Swiss investment firm Jacobs Holding and PPF, the...

  • By Pamela Barbaglia and Martinne Geller. LONDON, Dec 6- The field of bidders for SAB Miller's Central and Eastern European beer brands being sold by Anheuser-Busch InBev has narrowed after U.S. buyout fund Bain Capital walked away, sources told Reuters on Tuesday. The other bidders are a consortium led by Swiss investment firm Jacobs Holding and PPF, the...

  • *Foreign firms keen on buying govt stakes in Vietnam brewers. HANOI, Dec 6- Shares of state-controlled Sabeco, Vietnam's biggest brewer, jumped the maximum allowed 20 percent upon listing on Tuesday as investors craved exposure to the dominant player in one of Asia's most sought-after beer markets. The market value of Saigon Beer, Alcohol, Beverage Corporation...

  • SodaStream CEO: Bottled water industry biggest marketing scam of all time

    Daniel Birnbaum, SodaStream CEO, discusses his company's performance as it has pivoted to sparkling water and its war against the bottled water industry. Marcus Lemonis, host of "The Profit" weighs in.

  • YANGON/ WASHINGTON, Nov 29- From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxury jeweller Tiffany& Co, list among their suppliers Chinese-controlled firms...

  • Red wine

    For the latest edition of Access: Middle East, CNBC's Hadley Gamble discovers the aromatic world of Lebanese wine.

  • CNBC's Hadley Gamble learns how one winery represents "a natural outgrowth of what Lebanon has to offer."

  • Wine with a whiff of conflict

    Wine exporter Michel Karam explains how Lebanese wine is exciting consumers, and which markets around the world are most interested in "an affordable way to take a taste of the country’s cultural past."

  • Liquid assets

    The business minds behind a world class boutique winery in Lebanon explain why they chose a somewhat unexpected location to set up their business.

  • *Bellamy warns supply glut hitting sales due to new China rules. SYDNEY, Dec 2- Infant formula maker Bellamy's Australia Ltd warned new import rules in China had created a supply glut that was hurting sales, sending its shares plunging more than 40 percent and sparking a broader sector sell-off. The new level of uncertainty hit shares in the sector hard as firms...

  • Dec 1- Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive. "Having him step down as CEO raised the anxiety level," said Stephens analyst Will Slabaugh, who said that Schultz is the heart and soul of the brand,...

  • Setyan on Schultz: Should have known this in hindsight

    Nick Setyan, Wedbush analyst, who has a buy rating on Starbucks, weighs in on Howard Schultz stepping down as the company's CEO.

  • PARIS, Dec 1- French spirits group Remy Cointreau said on Thursday it had agreed to buy American single malt whiskey maker Westland Distillery to tap growing demand for higher-priced spirits and boost its profit margins. Seattle- based Westland, which has a portfolio of single malts in a price range of between $70 and $125, will complement Remy's portfolio of...

  • PARIS, Dec 1- French spirits group Remy Cointreau said on Thursday it had agreed to buy the Seattle- based Westland Distillery, which produces an American single malt whiskey, further strengthening its portfolio of premium drinks. The transaction, whose financial terms were not disclosed, is due to close before the end of the year, the statement said.

  • YANGON/ WASHINGTON, Nov 29- From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxury jeweler Tiffany& Co, list among their suppliers Chinese-controlled firms...

  • YANGON/ WASHINGTON, Nov 29- From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxury jeweler Tiffany& Co, list among their suppliers Chinese-controlled firms...

  • CARACAS, Nov 25- Running short of raw materials in mid-2015, Venezuela's two biggest beer makers Polar and Regional publicly chided the socialist government for delays in releasing foreign currency to import hops, barley and tin for cans. Their stance in a joint communique angered President Nicolas Maduro's administration, which allocates dollars to...

  • SAO PAULO, Nov 23- Brazil's antitrust agency Cade said on Wednesday it has settled a 17- year-old case against Brazilian orange juice producers accused of colluding to reduce prices paid to farmers. Brazil is the world's largest orange juice producer and exporter, representing half of the juice sold worldwide. Citrosuco later merged with Fischer and along...

  • *Deal value includes tax benefit of about $400 mln. *Bai to add $132 mln to 2017 net sales. Nov 22- Dr Pepper Snapple Group Inc said on Tuesday it would buy antioxidant beverages maker Bai Brands LLC for $1.7 billion in cash, the latest example of a soft-drinks maker investing in products that are perceived to be healthier.

  • Nov 22- PepsiCo Inc said on Tuesday it would buy health beverage maker KeVita Inc, in an effort to diversify its soft drinks business and tap health conscious consumers. California- based KeVita offers more than two dozen flavors of probiotic drinks, and all its drinks are certified organic, gluten-free and vegan, PepsiCo said in a statement.