Drinks - Investment

Naked Wines Sees Drop In Revenue And Profit In First Half

Naked Wines Plc has reported an 18% year-on-year decline in revenue at constant currency, to £132.3 million, in the first half of its financial year...

Kraft Heinz Approves Share Repurchase Programme

The board of directors of the Kraft Heinz Company has approved a share repurchase programme, authorising the company to repurchase up to $3 billion of the...

Carlsberg Signs Agreement To Sell Its Russian Business

Danish brewer Carlsberg has announced that it has signed an agreement to sell its Russian business.

Naked Wines Says FY23 Profit To Remain At Top End Of Guidance

Naked Wines Plc expects profit for the full year 2023 at the top end or slightly above its guidance, at around £15-18 million, according to a pre-clo...

South Africa Approves Heineken's Takeover Of Distell With Conditions

South Africa's Competition Commission approved Heineken's purchase of wine and cider company Distell Group as long as the merged entity invests more t...

Constellation Plant In Mexico May Spur $2.6bn In Investment, Official Says

A new Constellation Brands brewery to be built in the Mexican state of Veracruz, announced after a dispute over water stymied plans for a plant on the nort...

Japan's Asahi Looks To Halve Debt After Buying Australia Assets

Japan's Asahi Group Holdings said it will aim to halve its debt and forego overseas investments after spending $11 billion (€9.25 billion) to buy the...

Anheuser-Busch To Invest $1bn In Production Facilities In Hard Seltzer Push

Anheuser-Busch said it will invest over $1 billion in its US manufacturing facilities over the next two years, as the brewer looks to raise production of h...

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Heineken South Africa To Cut Jobs, Put Investments On Hold