Daily Archives: November 11, 2016

Suntory to reduce sugar content in Lucozade and Ribena by 50%

November 11, 2016   Editor   No comments

Lucozade and Ribena, two famous brands of Japanese Food and Beverage Company, Suntory said it will cut 50% of the sugar content in its drinks in the UK and Ireland by next summer. The announcement comes ahead of a proposed sugar tax on sweetened beverages set to go into effect in both countries in 2018.

The company said it would reformulate all its drinks to contain less than 4.5g of total sugar per 100ml – the equivalent of one teaspoon. Currently, the drinks contain 13g and 10g of sugar per 100ml serving respectively.

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FX impact, weak domestic beer demand weigh on Beam Suntory’s 9-months results

November 11, 2016   Editor   No comments

Beam Suntory, the spirits arm of Suntory Holdings said that revenue for the first nine months of 2016 declined 3.5% to ¥711bn yen ($6.9bn), down from $7.1bn in 2015. The company blamed the lackluster sales on weak demand for its beer in Japan, which declined 1% year-on-year, despite an aggressive marketing push by the company to increase sales. Foreign exchange impact hurt its wine category, pushing sales down slightly.

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Aggressive marketing, Cost improvements help Suntory Food & Beverage lift sales

November 11, 2016   Editor   No comments

Suntory Holdings, the group company that owns Suntory Food and Beverage Limited, said that group revenue fell 0.23% to ¥1.97 trillion yen (approx. $18.7bn) in the first nine months of 2016. However, operating income rose 14.1% to ¥149bn yen ($1.4bn).

Suntory Food and Beverage segment boosted sales 4.4% to ¥1.06 trillion yen ($10bn) in the nine months to September, helped by a strengthening of its brands, creation of new demand for its products, bolstering profitability by reforming its cost structure and improving product quality based on insights from other group companies.

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