“Many great milestones were achieved. However, despite our best efforts, we did not achieve all of our objectives,” Phil Rosse, the company’s CEO, said.

Targets around responsible drinking and sustainability are no longer being used to determine long-term rewards for Diageo management.

Tenzing is stepping up its efforts in functional energy-drinks, with founder Huib van Bockel arguing “only natural” is no longer sufficient to stand out in a rapidly evolving category in the UK.

Spanish wine group Félix Solís Avantis has acquired three local wine brands: Federico Paternina, Lagunilla and Rioja Santiago. In a statement, the business said the deal “strengthens Félix Solís’ ...

US brewer FIFCO USA is being renamed North American Breweries (NAB) following its acquisition by private-equity firm Saothair Capital Partners. Saothair said yesterday (3 September) it had completed ...

A PepsiCo production facility in southern Ukraine was hit last weekend amid the ongoing conflict in the country.

The House of Representatives in the US has passed a spending bill that includes a proposal to delay a proposed ban on hemp THC products to December. Last month, the Senate approved a one-month delay ...

Keurig Dr Pepper has agreed to exit its shareholding in Chobani and sell a manufacturing and warehousing site to the dairy group. In a statement yesterday (1 September), the Dr Pepper and Keurig owner ...

Diageo is to cut 305 jobs at its North American headquarters in New York as the drinks group pushes ahead with CEO Sir Dave Lewis’ turnaround plans. The location and number of job cuts were confirmed ...

Henkell Freixenet has taken a 60% stake in the Irish wine importer and distributor Cassidy Wines for an undisclosed sum.