Weekly Round-Up... 20 August, 2019
Published on Aug 20 2019 10:30 AM
Corona-maker Constellation Brands announced today that it has signed an agreement with Heaven Hill Brands to divest Black Velvet Canadian Whisky and the brand's associated production facility in Lethbridge, Alberta, Canada, along with a subset of Canadian whisky brands produced at that facility. The company expects to receive cash proceeds of approximately $266 million. This transaction is subject to regulatory approvals and is expected to close in the second half of calendar 2019.
The European Union has released €9 million in humanitarian aid in response to the deteriorating food and nutrition situation in Haiti. The humanitarian aid will cover the basic food and nutritional needs of more than 130,000 people living in the worst-affected areas. ‘For the EU, the humanitarian situation in Haiti is not a forgotten crisis We are committed to providing vital support to the people hit by the food and nutrition crisis in the country. This assistance comes on top of the €12 million allocated in 2018 to address the urgent food and nutrition needs of Haitians,' said Commissioner for Humanitarian Aid and Crisis Management, Christos Stylianides.
US water brand Dasani announced a robust pipeline of sustainable packaging innovations in support of The Coca-Cola Company’s global “World Without Waste” goal to make its bottles and cans with an average of 50% recycled material by 2030. Updates to Dasani’s packaging line-up are designed to reduce plastic waste and increase the use of recycled and renewable materials in the United States, while ensuring that all Dasani bottles continue to be fully recyclable. New innovations include; The debut of HybridBottle, The expansion of package-less Dasani PureFill water dispensers, the introduction of new aluminium cans, and the addition of “How2Recycle” labels to all Dasani packages.
Premier Foods is expanding its Mr Kipling range with the launch of a limited-edition collection of pug-inspired products. Available in Tesco in the UK from Monday 12th August, and rolling out into other retailers at the end of this month, the collection includes a novel twist on some of the brand’s most well-known products – Whirls, Mini Batts and Slices. The move follows the success of Premier Foods’ recent limited edition Mr Kipling lines, which have included Unicorn Slices & Fancies, Flamingo Slices and Dragon Slices.
Yum! Brands, Inc. has announced that its Board of Directors has unanimously elected David Gibbs as Chief Executive Officer, effective January 1, 2020, and appointed him to the Company’s Board, effective November 1, 2019. Gibbs, 55, who currently serves as Yum! Brands President and Chief Operating Officer and oversees the global KFC, Pizza Hut and Taco Bell divisions, will succeed Greg Creed, 62, who has announced his decision to retire at the end of 2019 after a successful 25-year career with the Company.
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.