Pernod Ricard SA said today it’s starting a cost-saving project to support brand development as Europe’s second-biggest distiller trimmed its forecast for full- year profit growth, citing declines in China.
Anheuser-Busch InBev NV agreed to pay $5.8 billion for South Korea’s Oriental Brewery Co. Ltd., regaining control of a company that became the Asian nation’s biggest brewer under KKR & Co. and Affinity Equity Partners Ltd.
Joh. A. Benckiser Group’s $340 million takeover of Caribou Coffee Co. may be a small step in a larger plan to take on the likes of Nestle SA and Starbucks Corp. for leadership in the $45 billion global coffee market.
Anheuser-Busch InBev NV’s possible bid for the rest of Grupo Modelo SAB heralds an intensified beer face-off in Mexico as an industry once dominated by home-grown brewers stands to lose its last local ties.
Reckitt Benckiser Group Plc said it will start a strategic review of its pharmaceutical unit, pointing to the possible sale of a business that analysts say could fetch at least 1.5 billion pounds ($2.4 billion).