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Proximo Spirits has added a new flavour to its black spiced rum brand, Kraken, with the introduction of a Black Cherry and Madagascan Vanilla variety.

Sandford Orchards has launched a new limited edition Coronation Devon Red Cider, made with British apples grown in orchards surrounding the cider maker.

American billionaire Bill Gates has purchased 10.8 million shares in Heineken Holding worth €883m at current market prices, according to Reuters.

Entertainment Arts Research, a diversified beverage and media group, has completed the acquisition of tequila producer Perfectomundo.

Mexican tequila producer Casa Maestri has acquired 100% blue agave tequila brand, Bellagave Infused Tequila, for an undisclosed sum.

Heineken has purchased €1bn worth of its shares from the Mexican Coca-Cola bottler, Fomento Economico Mexicano SAB (FEMSA).

Moët Hennessy has acquired a majority stake in Côtes de Provence wine producer, Château Minuty, for an undisclosed amount.

Gü has expanded its portfolio with the addition of a new line of cocktail-inspired chilled desserts, Gü Mixology, in three flavour varieties.

South Oxfordshire Brewery, also known as SOX, has announced the acquisition of White Horse Brewery for an undisclosed amount.

Proper No. Twelve, founded by MMA fighter Conor Mcgregor, has expanded its Irish whiskey portfolio with the release of Proper No. Twelve Irish Apple.

Diageo-owned whisky brand, Buchanan’s, has expanded its portfolio with the launch of Buchanan’s Pineapple, the brand’s first flavoured spirit.

Danish brewer Carlsberg has reported revenue growth of 16.9% in its full-year results and said that its revenue per litre of beer sold grew 9% in 2022.