US craft spirits market shows potential for growth
October 18, 2016
The American Craft Spirits Association (ASCA), International Wine and Spirits Research (IWSR) and Park Street released highlights from the Craft Spirits Data Project at the inaugural Craft Spirits Economic Briefing at the Nomad Hotel in New York. The Craft Spirits Data Project, announced earlier this year, is a research initiative to provide a solid and reliable fact-base for evaluating performance and trends in the U.S. craft spirit industry, the companies say.
Agenda designed to meet changing consumer, societal needs
October 17, 2016
Purchase, N.Y.-based PepsiCo Inc. announced a global sustainability agenda designed to foster continued business growth in a way that responds to changing consumer and societal needs. The company’s efforts, which focus on creating a healthier relationship between people and food, include specific 2025 goals to continue transforming PepsiCo’s food and beverage portfolios, contribute to a more sustainable global food system and help make local communities more prosperous, it says.
Taking place Sept. 11-15, 2017, drinktec is the largest sector event for the beverage and liquid food industry. Referred by many as a World Summit, its status has been built up throughout many years. By always keeping pace with and adapting to economic trends and changes in the sector, drinktec has embraced that moniker, it says.
Company plans to refranchise Africa division as soon as practical
October 11, 2016
Atlanta-based The Coca-Cola Co. announced its intention to acquire Leuven, Belgium-based Anheuser-Busch InBev’s (AB InBev) stake in Coca-Cola Beverages Africa (CCBA) following the closing of the AB InBev combination with SABMiller.
Company retains all rights to current portfolio brands in US and Puerto Rico
October 11, 2016
Molson Coors Brewing Co., Denver and Montreal, announced the successful completion of its previously announced acquisition of London-based SABMiller plc’s 58 percent stake in MillerCoors LLC, Chicago, the joint venture formed in the United States and Puerto Rico by both companies in 2008.
Foodservice chain to offer Super Fruit Punch variety
October 10, 2016
Subway restaurants now offer Honest Kids juice drinks nationwide as part of its Subway Fresh Fit for Kids Meal menu. The USDA-certified organic juice drinks are available in the Super Fruit Punch variety packaged in 6-ounce juice boxes.
Nutritional beverage designed to be low in FODMAPs
October 4, 2016
Nestlé Health Science, a wholly owned subsidiary of Glendale, Calif.-based Nestlé USA, introduced ProNourish, a product specifically designed and marketed to be low in fermentable oligosaccharides, disaccharides, monosaccharides and polyols (FODMAPs) for people with digestive sensitivities, the company says.
Sonic Drive-In, Oklahoma City, Okla., introduced Frozen Sweet Teas as part of its Ultimate Iced Tea Stop. Its new lineup of frozen drinks will be joined by three new flavors of iced tea: Wildberry, Black Cherry and Pomegranate Hibiscus.