On Tuesday, in a statement Starbucks Corp said, it will add plant-based food and beverages to its menus across Asia starting from September 2020; this will include products from Beyond Meat Inc, Impossible Foods, and Oatly. The move is aimed… Read More ›
beverages
Cost of food and drink likely to shoot up significantly in case of a no-deal Brexit
Consider this snapshot: last year the UK imported food and drink worth 48 billion pounds, 71% of which were not subject to tariffs. As per the results of a study commission by Barclays that was released on Thursday, food suppliers… Read More ›
PepsiCo acquires Sodastream for $3.2 billion
The deal sees snack and beverage giant PepsiCo acquiring countertop carbonated water machine maker SodaStream for $3.2 billion. It underscores PepsiCo’s push to add healthier products to its portfolio and move to a more environmentally friendly agenda. On Monday, New… Read More ›
Activist investor Daniel Loeb’s Third Point pushing Nestle to improve productivity
By sharing his views publicly with Nestle, Daniel Loeb is hoping to pressure the company into improving its performance in comparison with its peers. As per a source familiar with the matter at hand, Daniel Loeb, an activist investor, is… Read More ›