Daily Archives: February 10, 2016

Asahi offers to buy Peroni, Grolsch and Meantime brands

Asahi Group Holdings, a Japanese brewer has offered to acquire SABMiller’s Peroni, Grolsch and Meantime brands, in a deal valued at $2.9bn.

AB InBev has been looking to dispose of the brands since taking over SABMiller, in a bid to address competition concerns European regulators may have about the merger.

Coca-Cola to accelerate bottler refranchising plans as full year results disappoints

The Coca-Cola Company released its fourth quarter and full year results on Tuesday, with sales declining 4%. However, organic sales grew 4%, while global volume grew by 2%.

Muhtar Kent, Chairman and CEO of Coca-Cola, said sales growth was led by the company’s flagship North American market, which had its strongest performance in three years. The company saw growths in Coca-Cola Zero, Sprite and Fanta, but a decline in Diet Coke in the fourth quarter.