22 Jun US: Philadelphia passes soda tax
Philly, America's fifth-largest city, is the biggest US city to slap a tax on sweet drinks, after a bitter battle...
Philly, America's fifth-largest city, is the biggest US city to slap a tax on sweet drinks, after a bitter battle...
Keurig is axing its at-home soda machine, Keurig Kold, just nine months after its debut. The company was hoping that the $370 machine would give it a new avenue for growth beyond coffee. But it has failed miserably.
...Starbucks is partnering with a beer giant to enter a $1 billion business — but it's not for coffee or beer. Rather America's biggest beer and coffee makers are coming together over tea.
...Now is not a great time to be in the sugar business. On the health front, Philadelphia is joining the list of cities that want to tax people on sugar-sweetened drinks, and the FDA just approved a new nutrition label that would place...
It is screamingly apparent that AB InBev’s attraction for SABMiller lay in its emerging market operations in Latin America and Africa, asserts the Financial Mail.
...Krispy Kreme Doughnuts has been sold to the Reimann family, one of Europe’s wealthiest and most secretive business dynasties, for $1.35bn.
...After a six-year legal wrangle, a US federal court in New York recently approved a nationwide settlement over how Coca-Cola's Vitaminwater line of drinks could be marketed and advertised.
...Humans have brewed beer since the birth of civilisation. But one group – the Germans – managed to change the trajectory of the world’s brewing landscape forever by enacting Reinheitsgebot, a purity law that celebrated its 500th anniversary on April 23.
...Japanese brewer Asahi is to pay US drinks giant AB InBev £2bn for the Peroni, Grolsch and Meantime brands in a deal designed to soothe competition concerns around the “Megabrew” takeover of SABMiller.
...Coke’s new “One-Brand” marketing strategy is officially making its way to store shelves and beverage coolers, starting in Mexico but expanding across the globe, with new-look packaging.
...Coca Cola's new functional milk, Fairlife, put America's specialty milk category on a rocketing growth trajectory last year. On Fairlife sales of $90m, the category jumped 21 percent in 2015, up from 9 percent in 2014. While there's a long way to go, Coke has...
A surprise tax on sugary soft drinks to tackle childhood obesity, unveiled in Chancellor George Osborne’s 2016 budget, has dismayed manufacturers but delighted campaigners, including celebrity chef Jamie Oliver (left), who was exuberant outside the House of Commons after its announcement.
...Coca-Cola continues to be more aggressive than its nemesis PepsiCo in chasing the red-hot, low-calorie sparkling water business.
...Monster Beverage has agreed to purchase its primary flavour ingredients supplier, American Fruits & Flavors, for $690-million.
...Japanese brewer Asahi has agreed to buy SABMiller’s Peroni and Grolsch beer brands for over 400bn yen (€2.55bn - £2.3bn), a sale aimed at easing antitrust approval for AB InBev’s $100bn-plus takeover of SABMiller, agreed last year.
...Every year, Fast Company, the trend-setting/following magazine and website, publishes an annual list of the World’s Most Innovative Companies. There is one interesting beverage-related company on the 2016 role of honour.
...Mexicans consume more carbonated drinks per person than any other nation, and the country has one of the world's highest rates of childhood obesity. Two years ago the government introduced a tax on sugary drinks - but is it working?
...Keurig Green Mountain, which manufactures coffee makers and instant flavour pods, aka 'The Nespresso of the US', has agreed to be purchased for $13.9 billion by an investment group led by German private-equity firm JAB Holding Co. The purchase is being seen as part of JAB's strategy...
Around the world, governments and beverage makers are locked in battle over taxes on sugary drinks. The Economist investigates...
Sugary drinks are deemed public enemy number one when it comes to fighting health and weight issues. Diet drinks haven’t fared much better as they’ve also courted some health controversies. But a new product proposes a unique solution: What if you could drink plain water,...