China Huiyuan Juice Group has entered into an agreement with founder and chairman Zhu Xinli to acquire fruit planting and juice-concentrate-making business for HK$4.9bn ($631.17m).
Pernod Ricard, the owner of Absolut vodka, Martell cognac and Jameson whiskey, is eyeing China as a key growth market despite a slowdown in the sales growth.
Drink giant Diageo has moved closer to gain control over India-based United Spirits Limited (USL) after having purchased 10% of the proposed 53.4% stake in USL.
Compania Cervecerias Unidas (CCU), a Chile-based beverage producer, plans to secure $694m by issuing new shares as part of strategy to expand operatios.
The Punjab State Cooperative Milk Producers’ Federation (Milkfed Verka) is set to invest INR10bn ($179.84m) to establish four mega milk plants in the state.
A study conducted by the Canadian Food Inspection Agency’s (CFIA) found that all samples of rice and rice-based products analyzed for the metal cadmium were safe for consumption.
Fatburger, a US-based burger franchise, is set to launch its signature frozen beef patties line in over 3,100 Walmart stores across the country in June.
