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Food and Beverage Beverages

  • MEXICO CITY, Sept 18- Heineken Holding NV shareholder Fomento Economico Mexicano said on Monday it was planning to sell an approximate 5 percent stake in the Dutch brewery, worth 2.5 billion euros. Femsa holds 12.53 percent of Heineken, or roughly 72 million shares, according to Thomson Reuters data. Shares in Femsa at 1238 local time on Monday were up about 1.5...

  • MILAN, Sept 18- State-owned China National Chemical Corp will give up control of Pirelli as part of the Italian tyremaker's return to the bourse to show Beijing has a market friendly approach to investments in Europe, Pirelli's chief executive said on Monday. Pirelli has long said the Chinese had a hands-off attitude to the company's management, but their...

  • Agriculture Secretary Sonny Perdue, flew over hundreds of miles of Florida farmland to view the damage. Putnam said the citrus crop in southwest Florida is particularly devastated. Florida is the nation's largest juice producer.

  • Cramer Remix: Wall Street may be lying to you, but here is the truth

    Jim Cramer reveals how the market may be fibbing when it comes to some big time data.

  • RumChata founder talks reaching millennials with No. 1 spirit brand on social media

    Jim Cramer sits down with Tom Maas, the CEO of Agave Loco and creator of RumChata, to hear more about his savvy marketing tactics.

  • RumChata founder: Reaching millennials on social media

    Jim Cramer sits down with Tom Maas, the CEO of Agave Loco and creator of RumChata, to hear more about his savvy marketing tactics.

  • Jim Cramer on the set of Mad Money.

    Jim Cramer reveals how the market may be fibbing when it comes to some big time data.

  • Tom Maas, CEO of Agave Loco.

    Jim Cramer sat down with Tom Maas, the CEO of Agave Loco and creator of RumChata, to hear more about his savvy marketing tactics.

  • The restaurant blamed a company it uses to clean its beer lines, Kramer Beverage Co., of Hammonton, New Jersey. A New Jersey man severely burned after drinking a beer tainted by a caustic chemical at an Atlantic City casino restaurant has been awarded $750,000. Paul D'Amato, the lawyer for Richard Washart, tells The Associated Press the jury awarded him $650,000...

  • LONDON/ LOS ANGELES, Sept 15- Nestle's high-priced purchase of a majority stake in California- based coffee bar chain Blue Bottle this week, highlights how big companies are seeking exposure to fast-growing premium brands driven by millenials. "There are certainly going to be further purchases at all levels of the price tier," said Matthew Barry, beverage analyst...

  • LONDON/ LOS ANGELES, Sept 14- Nestle has bought a majority stake in California- based Blue Bottle Coffee, marking a first step by the packaged coffee leader into the hipster world of speciality bars that serve high-end, single-origin and cold brewed coffees. It is the fourth deal this year by new chief executive Mark Schneider, an external hire brought in last year...

  • Big companies have been hot for premium coffee: Peet's Coffee& Tea bought Stumptown two years ago, and also took a majority stake in Intelligentsia weeks later. Swiss-based Nestle, which already owns coffee brands Nescafe and Nespresso, says Oakland, California- based Blue Bottle will help it boost its coffee business in the United States. Blue Bottle has about 40...

  • LONDON/ LOS ANGELES, Sept 14- Nestle has bought a majority stake in Blue Bottle Coffee, stepping into the world of high-end speciality coffee bars. The move comes amid consolidation in the so-called third-wave coffee sector in the United States. California- based Blue Bottle has raised nearly $121 million in funding from high-profile investors including...

  • SAO PAULO, Sept 13- The Brazil unit of German agrochemicals and pharmaceutics company Bayer AG on Wednesday launched an online marketplace to help Brazilian coffee producers sell their beans directly to retailers and food-service companies. The website called Made in Farm will help sellers and buyers "meet," negotiate and close deals online, displaying...

  • SAO PAULO, Sept 11- Louis Dreyfus Co is not looking to sell its Brazilian juice operations, but it is open to partnerships in the area, including possible tie-ups with local bottlers, Murilo Parada, chief executive for the Brazil unit, told Reuters on Monday. Parada, who is also Dreyfus global head for juices, spoke after the Estado de S.Paulo newspaper reported on...

  • Frank Cornelissen runs a 24-hectare vineyard in the foothills of Mount Etna.

  • DETROIT, Sept 6- ABB Ltd plans to expand its U.S. industrial robot factory in Michigan, the company's chief executive officer said on Wednesday, while declining to comment on reports that he is weighing the purchase of a unit of rival General Electric Co.. Ulrich Spiesshofer, who took over as CEO of ABB in 2013, said in an interview that the company plans to expand its...

  • Orange juice futures spiking

    Virginia McGathey, McGathey Commodities, weighs in on the impact of weather on orange juice prices.

  • District Judge Beth Labson Freeman in San Jose, California, said the plaintiffs could pursue claims for damages over Craft Brew Alliance Inc's packaging for six- and 12- packs of Kona. She said this was despite a disclaimer on Kona packaging saying the beer was brewed in New Hampshire, Oregon, Tennessee and Washington state, as well as Hawaii.

  • HANOI, Sept 5- Vietnam's prime minister has approved a plan to sell a majority stake in brewer Sabeco, a government committee said in a document seen by Reuters on Tuesday, taking the state-controlled brewer one step closer to a long-awaited sale. Vietnam has one of the world's most attractive beer markets and the biggest in Southeast Asia, thanks to a young...