TreeHouse Foods funded the acquisition of Harris Tea primarily with cash on hand and expects the acquisition to be accretive to revenue and profitability in 2025 TreeHouse Foods announced that it has completed its acquisition of Harris Tea for approximately $205 million. “The acquisition of Harris Tea is a good use of our balance sheet strength, bringing[Read More…]
Beverages
WhistlePig Whiskey to introduce non-alcoholic cocktails
The Sex, Drugs, Rock & Dry cocktail is crafted with 100 per cent Rye Non-Whiskey, Barrel-Aged Maple Syrup WhistlePig Whiskey, a leader in independent craft whiskey and a pioneer of rye, is introducing a new twist to non-alcoholic cocktails this January, with the help of Alice Cooper. WhistlePig is defying[Read More…]
Coffee cultivation reemerges as economic activity in Saudi
These initiatives align with the objectives of Saudi Vision 2030 The ancient profession of coffee cultivation in the Rijal Almaa Governorate has reemerged as a significant economic activity in the Aseer region of Saudi Arabia. This revival has drawn the attention of local farmers, who have revitalised historic farms known[Read More…]
Alto Adige Wines announces new UGA classification
86 specified geographical sites have been recognised by the Italian Ministry of Agriculture as Additional Geographical Units (UGAs) Nestled in Italy’s northeastern corner, Alto Adige—one of the country’s smallest yet most innovative wine-producing regions—is making an important step forward with a new addition to its overarching Alto Adige DOC designation. The Consorzio Alto[Read More…]
Kōloa Rum to launch new premium rums in 2025
Kōloa Kaua`i Cane fire cinnamon flavoured Hawaiian rum and Kōloa single-batch aged Hawaiian rum set for 2025 release Kōloa Rum Company, Hawaii’s award-winning rum producer, looks forward to an exciting 2025 with the release of two highly anticipated additions to its portfolio: Kōloa Kaua’i Cane Fire Cinnamon Flavored Hawaiian Rum and Kōloa Single-Batch Aged Hawaiian[Read More…]
Heritage Distilling names Michael P. Carrosino as CFO
Veteran finance executive with more than 40 years’ experience to lead Heritage’s financial operations and manage capital market transactions Heritage Distilling Company a leading craft distiller of innovative premium brands, announced the appointment of Michael P. Carrosino as its Chief Financial Officer (CFO). A veteran finance executive with over 40[Read More…]
Australian wine sector sees signs of adjustment, but red stocks remain high
Australian Wine Production, Sales and Inventory Report 2023-24 Total sales of Australian wine exceeded production for the second year in a row, following successive small vintages, according to the Australian Wine Production, Sales and Inventory Report 2024 released by Wine Australia. Wine production was just over 1 billion litres (116[Read More…]
Coca-Cola to acquire alcohol ready-to-drink brand in Australia
The current owners of Billson’s, Nathan and Felicity Cowan, will continue to produce their well-known cordial, soda, and beer range under a new brand name The Coca-Cola Company announced that it has agreed to acquire Billson’s, an Australia-based brand of alcohol ready-to-drink products that include local market leaders Vodka with[Read More…]
World Whiskey Society launches 20-year-old family reserve whiskey
This limited edition whiskey from World Whiskey Society is a tribute to AIKO Brands’ Founder Igor Kogan and the 20th anniversary of AIKO Brands World Whiskey Society (WWS), known for scouring the globe to create the world’s most interesting whiskeys announced its latest release: a 20-year-old Family Reserve cask-proof whiskey. As AIKO Brands[Read More…]
Tim Hortons opens first signature store in Malaysia
This flagship store aims to deliver an exceptional in-store experience, blending Canadian heritage Tim Hortons, the renowned Canadian coffeehouse, has officially opened its first signature store in Malaysia at Sunway Pyramid, bringing its rich coffee heritage and warm hospitality to local coffee enthusiasts. With over 60 years of expertise, Tim[Read More…]
