The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Finance
Craft brewer 21st Amendment announces closure as market challenges intensify
21st Amendment Brewery, a well-known name in the San Francisco craft beer scene, has announced plans to shut down its taproom and brewing facility in San Leandro.
Elliott Management takes $4bn stake in PepsiCo, urges strategic overhaul
In a bold move signalling potential upheaval within PepsiCo, Elliott Management has disclosed a substantial $4 billion investment in the beverage and snack giant.
BrewDog faces significant distribution loss as pubs shift to competitors
BrewDog, the Scottish craft beer brand, is experiencing a substantial decline in its market presence, with nearly 2,000 pubs across the UK severing ties with the brand.
Diageo increases cost-saving target amidst fiscal challenges
Diageo has announced a significant increase in its cost savings target as part of its ongoing Accelerate programme, now aiming for approximately $625 million in savings over the next three years.
Update: How the new EU and US tariffs agreement will impact F&B businesses
Following Donald Trump’s open letter to the EU proposing trade tariffs, an agreement between the US and EU has been reached during the US President’s recent trip to Scotland.
Oatly reviews China business amid ongoing evaluation of Asian operations network
Swedish oat milk company Oatly has revealed it is conducting a strategic review of its Greater China business amid a broader evaluation of its operations in Asia.
Nestlé initiates review of vitamins business amid steady financial performance
Nestlé has announced a strategic review of its vitamins, minerals and supplements segment, which may lead to the divestment of several underperforming brands, including Nature’s Bounty.
PepsiCo accelerates productivity initiatives amid integration efforts in North America
PepsiCo says it is intensifying its productivity initiatives as the company seeks to enhance operational efficiencies and integrate its North American operations.
Kraft Heinz considers divesting grocery segment in potential $20bn spin-off
According to reports from major media outlets, including Bloomberg and Financial Times, Kraft Heinz Company is actively considering a significant restructuring that would involve spinning off a substantial portion of its grocery business, which includes several iconic Kraft products.
JM Smucker navigates challenges following Hostess acquisition
The JM Smucker Company is grappling with operational and financial challenges as it integrates Hostess Brands, which it acquired in November 2023.
Meala teams up with DSM-Firmenich to launch texturizing protein for meat alternatives
Plant-based start-up Meala FoodTech has partnered with DSM-Firmenich to launch Vertis PB Pea, a texturizing pea protein designed to bring better nutritional value to meat alternatives.
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