In a new expression of social responsibility, the giant lifestyle product maker, Coco-Cola Co., has announced a host of measures to tackle allegations propagating obesity to consumers. It will focus on higher-visibility of the calorie counts of its drinks by displaying it more prominently.
Coca-Cola‘s pro-active green practices and adoption of sustainable and ecological positive processes are again in the limelight. Calling their campaign ‘Live Positively,’ the company has integrated this with its core business plan. The policy will address environmental, workplace as well as community and product needs. Heading Coca-Cola’s ‘greening’ brigade is affable CEO Muhtar Kent, a personable businessman who wears sustainability on his sleeve.
And here we go again. The rivalry between Coca-Cola and PepsiCo seems to be endless and India is a new battlefield of the two soft-drink giants as PepsiCo Inc. will sponsor the Indian Premier League which is due to start on the 3rd of April. The move is aimed at winning a bigger market share in the fast growing India and the sponsorship of the cricket tournament is expected to help in that as the game is almost a religion in the South Asian country. PepsiCo Inc. reposes hope in the title sponsorship for five years staring in 2013.
After all, it seems that the long battle for Fraser & Neave Ltd. is over. Apparently, a group led by Overseas Union Enterprise Ltd. decided to withdraw from the race as it did not increase its bid to match Thai billionaire Charoen Sirivadhanabhakdi’s offer of $11.2 billion for the Singapore-listed property and beverage company. Thailand’s third richest man needs only to gain the shareholders’ and regulatory approvals for his bid of S$9.55 per share for Fraser & Neave Ltd.
Manchester United Plc inked two sponsorship deals with China’s businesses, namely, China Construction Bank Corp. and Wahaha Group Co. As it has been underlined, both sponsorship deals are “territory specific” as 19-time English soccer champion Manchester United wants to benefit from its status in Asia.
The Coca-Cola Co. and Sanofi SA decided to start a venture to launch a line of ‘beauty drinks’ in France. The 50-50 partnership aims at diversification of products and entering a new market for both the Coca-Cola Co. and Sanofi.
Starbucks Corp. will open its first store in India by the end of October in an upscale neighborhood of Mumbai. The company has also appointed Avani Saglani Davda a chief executive to head its India joint venture.The company will launch its first store in India through the partnership with Tata Global Beverages.
Thai Beverage Plc accepted an Heineken N.V.’s $4.5 billion offer to acquire Fraser & Neave Ltd’s 39.7 percent stake in Asia Pacific Breweries Ltd. Till the day of Thai Beverage Plc’s acceptance, its owner, Charoen Sirivadhanabhakdi was the main opponent of the Heineken N.V.’s offer.
Starbucks Corp. has introduced its new single-serve brewer Verismo, which will be sold online this weekend for $199. The Starbucks Verismo is planned to be sold in the company’s cafés next month. The competitive prices of the Starbucks new coffee machine could be a threat to brewers from Green Mountain Coffee Roaster Inc. and Nestle SA, the dominant players in the single-serve coffee market valued at $8 billion.
PepsiCo Inc. informed on Tuesday that its president, John Compton, resigned from the post to run a large privately held company in the state of Tennessee, Pilot Flying J Oil Corp. John Compton’s resignation comes as a surprise after less than a year on the job. Zein Abdalla has been appointed John Compton’s successor.
Britvic and AG Barr are in merger talks that would create one of the biggest soft drinks companies in Europe by revenue. The Britvic and AG Barr merger would bring the Robinson squash and Irn-Bru brands over one roof. Talks regarding a £1.4 billion possible merger have been confirmed by companies. However AG Barr, which is a Tizer and Rubicon producer, informed that merger talks were at an early stage.
Square, the mobile payments start-up, would create an alliance with the Starbucks Coffee Company. The partnership will enable mobile payments at the company’s 7000 U.S. stores. Starbucks will invest $25 million as a part of Square’s Series D financing round. Moreover Howard Schultz, the Starbucks’ CEO, will join Square’s board of directors.
The tug-of-war over the control for Tiger Brewer which is a group of 24 brewery units in Asia and a profitable soft drinks company should finally come to a head as Fraser and Neave have been brought in to consider a takeover bid by Heineken. Their decision which will be announced by Friday could spell a split up for the Singapore-based property and beverage company.
Coca-Cola Co. has announced a reorganization of its operating structure around main units. The remodeling is necessary to better address the changing demands of Coca-Cola’s marketplace. The company is aware of people reducing their soft-drinks consumption. Moreover the economic situation is still uncertain. The new operating structure will consist of three major businesses. In parallel to these changes two executive will be given much larger roles. This move is interpreted as an early step on the road to CEO succession.
Kraft Foods, America’s largest F&B company, has made a big splash in the billion-dollar water flavouring business, with its upcoming launch of a zero-kilojoule flavour enhancer in the US. MiO (“mine,” in Italian), a zero-calorie, concentrated line of liquid flavorings – from Berry Pomegranate to Strawberry Watermelon – presented in sleek bottles that look like [...]
Just as Nestlé breathed relief earlier this week on winning a court battle to ban a look-alike rival product in its high-margin Nespresso business, it felt a massive jolt with news of a former Nestlé executive launching a new premium tea-making system in obvious competition with the Swiss food group’s own recently launched product, Special.T. [...]