Latest news and articles about beverage industry from NEX English
Coca-Cola announced that it does not expect a significant impact from rising oil prices on its financial performance, prompting an increase in its profit forecasts for the current year. This announcement comes amid significant market fluctuations due to rising energy costs.
French company <strong>Pernod Ricard</strong> and American firm <strong>Brown-Forman</strong> have announced the start of official merger talks, potentially reshaping the global alcoholic beverage market. Pernod Ricard is valued at over <strong>€15 billion</strong>, while Brown-Forman is estimated at around <strong>$12 billion</strong>.
French beverage company Pernod Ricard is preparing to explore the possibility of acquiring Brown-Forman, the owner of the famous Gin Daniel brand. This move aims to strengthen its portfolio in the luxury beverage market.