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

Pernod Ricard stated that it plans to significantly increase its minority stake in Sovereign Brands’ portfolio of premium wine and spirits brands.

As CSO, Stevenson will champion Mars' involvement in scientific discovery and provide leadership of the company's science team.

Smurfit Kappa is investing around $100 million in a sustainable biomass boiler at its paper mill facility in Yumbo, Colombia.

PepsiCo has posted an 8.8% net revenue growth in its third-quarter results for 2022, and now expects its full-year organic revenue to increase by 12%.

Viterra Limited has announced that it has acquired the grain and ingredients business of Gavilon Agriculture Investment for $1.1bn.

Soli Organic has raised approximately $125m in a Series D funding round led by investment firms CDPQ and Movendo Capital.

Vital Pharmaceuticals (VPX Sports), the parent company of energy drink Bang Energy, has filed for Chapter 11 bankruptcy in Florida.

Indian authorities have demanded that Pernod Ricard pay $244m for reportedly undervaluing concentrate imports for over a decade, according to Reuters.

Lucas Bols and De Kuyper Royal Distillers have entered into an agreement to sell their alcoholic beverage business Avandis to Refresco for €25m.

PepsiCo has confirmed it will take delivery of Tesla’s Semi trucks in December, having reserved 100 in 2017 in a bid to reduce fuel costs and emissions.

Constellation Brands has announced the sale of a portion of its mainstream and premium wine portfolio to The Wine Group for an undisclosed sum.

TricorBraun has signed an agreement to acquire German glass packaging distributor, Gläser & Flaschen, for an undisclosed amount.