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

A study by packaging company Amcor has revealed a consumer trend in Europe: consumers are opting for private label goods amid the cost of living crisis.

According to Reuters, Costa Group has agreed to a takeover by private equity firm Paine Schwartz Partners, in a deal valuing AUD 1.50bn (approx. $962.6m).

Heineken Mexico plans to invest €430 million in the establishment of a new brewery in Yucatán, aiming to expand sustainable brewing practices and foster community growth.

Through his philanthropic organisation the Bill & Melinda Gates Foundation Trust, US business magnate Bill Gates has acquired 1,703,000 shares in AB InBev.

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.