Baskin-Robbins, the world’s largest chain of ice cream specialty shops, today announced plans to greatly expand the brand’s presence in Australia through a master franchise joint venture with Galadari Brothers (GB). Under the agreement, GB, the parent company of Galadari Ice Cream Co. (GICC), and Dunkin’ Brands Group, Inc. (DBI), the parent company of Baskin-Robbins, […]
Carlsberg Group has signed an agreement to acquire a further 18.58% shareholding in Chongqing Jianiang Brewery Co. Ltd. (previously Chongqing Xinghui Investment Co., Ltd.), taking its total shareholding to 49.58%. The purchase price is approximately RMB 600m. Chongqing Jianiang Brewery Co., Ltd. was established in 2011.Chongqing Xinghui Investment Co., Ltd. was renamed Chongqing Jianiang Brewery […]
Diageo will now launch a Mandatory Tender Offer to the public shareholders of USL Diageo plc, United Breweries (Holdings) Limited and United Spirits Limited have today announced agreements under which Diageo would acquire a 27.4% stake in USL, the leading spirits company in India. The consideration will be INR 1440 per share and the total […]
Tingyi, one of the leading food and beverage companies in China, and PepsiCo, Inc. , one of the world’s largest food and beverage companies, today announced the official opening of a new beverage manufacturing plant in Zhengzhou, China. The Zhengzhou PepsiCo Beverages Co., Ltd. (Zhengzhou Pepsi) facility is the first plant opened since the two […]
PepsiCo, Inc., one of the world’s largest food and beverage companies, and Suntory Holdings Limited (Suntory), a global beverage and wellness company based in Japan, today announced an agreement to form a strategic alliance in Vietnam. Under the terms of the agreement, Suntory will acquire a 51 percent stake in PepsiCo’s Vietnam beverage business, while […]