Constellation Brands has acquired a majority stake in Nelson’s Green Brier Distillery, a Tennessee-based whiskey producer, marking the first time one of the company’s venture capital investments has been fully integrated into the company’s wine and spirits portfolio.
Nestlé USA has revealed a partnership with three start-ups which, it says, “represent the future of food” as part of the Terra Food & Agriculture Accelerator founded by RocketSpace and Rabobank. Nestlé said each of the brands is creating on-trend foods focused on plant-based nutrition, simple labels and fresh ingredients.
Beer- and Bitcoin-lovers who dedicate themselves to “breaking the status quo” have reason to celebrate, after hipster-friendly beer-makers Brewdog announced their new Canary Wharf branch will accept Bitcoin. The brewer is currently approaching the end of its fifth fundraising round. It has raised a record £23m, but looks set to fall short of […]
PepsiCo (NYSE:PEP) reported its third quarter earnings on October 2, wherein it beat consensus expectations on revenue and earnings, on the back of a strong performance of its Frito-Lay business, a return to growth in its North America Beverages segment, and a reduced tax rate. We have a $122 price estimate for PepsiCo, […]
Reduction of sugar in different products, along with the use of sugar substitutes, has been a major driver in the food & beverage industry over the past few years. Numerous factors have contributed towards the development of sugar alternatives. […]