The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

In the last year, labour shortages have cost the UK food and drink industry an estimated £1.4bn due to loss of output, according to a new report.

Heineken has today announced completion of the transaction to sell its Russian operations to Arnest Group, expecting a total cumulative loss of €300 million.

Cannabis-lifestyle and CPG company Tilray has entered into an agreement to acquire eight beer and beverage brands from Anheuser-Busch for $85m.

Mondelēz has raised its FY outlook for organic net revenue growth after posting a 17% increase in Q2 sales, compared to 9.5% in the year-ago period.

Anheuser-Busch InBev, whose Bud Light sales have declined in the US, will make hundreds of corporate staff in the country redundant, according to Reuters.

The Coca-Cola Company has reported a 6% rise in second-quarter net revenue to $12bn, surpassing analyst estimates.

Archer-Daniels-Midland has posted its second-quarter results, highlighting earnings of $927m, which beat Wall Street expectations. 

Symrise has signed a minority investment agreement with Bonumose, a sugar alternatives specialist and inventor of enzyme solutions.

Australian food company Bega Group has announced the sale of its Vegemite Way facility in Port Melbourne for AUD 114.6m (approx. $75.84m).

PepsiCo has today announced a £58m investment in its Walkers crisp production factory in Leicester, UK, focused on delivering 'sustainable growth'.

Heineken has bought back €333m worth of its shares from Mexican Coca-Cola bottler FEMSA, with Credit Suisse acting as an advisor.

UK supermarket Asda has agreed to purchase the majority of EG Group’s UK and Ireland fuel, foodservice, grocery and merchandise business.