Guarana drinks arrive in Portugal
AmBev, the Brazilian drinks group, launched its Guarana Antarctica soft drink in Portugal on July 12 in what it said was a cautious first step toward its ambition to make the brand a global player.
Archives for July 12, 2001
Pepsico steps up race to acquire Cosmos
US soft drink giant Pepsico Inc has teamed up with the Carlyle global investment group to try to outbid San Miguel Corp in the race to acquire Philippine soft drink firm Cosmos Bottling Corp.
EU claims livestock bans unfair
The European Union has complained at World Trade Organisation talks about countries keeping wide bans on EU livestock and other goods despite the curbing of foot-and-mouth.
Poor results for Burger King and Pillsbury
Diageo, the UK drink company, reported strong sales and volumes at its premium drinks business but warned of a poor second half for both Pillsbury and Burger King.
Religion good for the health
A new research revealed that Seventh-Day Adventists, followers of a healthy lifestyle due to religious dictates, have significantly longer-than-average life expectancies.
Scandal hits Mexican sugar giant
On July 12, Mexico's Federal Comptroller said that sugar giant Consorcio Azucarero Escorpion (CAZE) made false statements to receive about $11.1 million in export subsidies between 1997 and 1999.
National Food Administration warns about "energy" drinks
The Swedish National Food Administration reported that "energy" drinks containing caffeine and taurine should not be used as thirst-quenchers or mixed with alcohol.
Pernod Ricard choosing bidder for BWG
The French beverage group Pernod Ricard has received seven offers for BWG, its Irish and British wholesale distribution business, in a deal that could be worth up to Euro350m.
High banana prices aid Dole profits
Dole Food Co. Inc., the largest U.S.fresh fruit and vegetable producer, reported that higher banana prices, fresh fruit sales and cost-cutting upped second-quarter profits, but warned that the third quarter might not meet forecasts.
Soy milk producer reports slow profit growth
Hong Kong food and beverage companies Fairwood Holdings and Vitasoy International reported worse-than-expected results on July 12, as newly-enforced mandatory pension benefits and foreign expansion ate into their bottom lines.