Tag: Non-alcoholic Beverages/Drinks

Suntory Beverage & Food Exits Nonalcoholic Drinks Business in Indonesia
World

Suntory Beverage & Food Exits Nonalcoholic Drinks Business in Indonesia

Suntory Beverage & Food is exiting its nonalcoholic beverage business in Indonesia after 12 years of selling bottled tea, jelly drinks and other products in the Southeast Asian country.The Japanese company will transfer its 75% stake in Suntory Garuda Beverage to Garudafood, it said in a statement on Thursday. After the transfer, Suntory’s main focus in Indonesia will be the health-enrichment product category.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The Joy of the Boston Tea Party, 250 Years Later
Business

The Joy of the Boston Tea Party, 250 Years Later

A wooden ship called the Dartmouth sailed into Boston Harbor 250 years ago carrying 114 chests of East India Co. tea that brewed, in a way, the American Revolution. On Dec. 16, 1773, fewer than 20 days after the Dartmouth’s arrival from London, dozens of Bostonians climbed aboard and dumped the tea into the harbor, protesting a Parliament-imposed tea tax. The event was recognized immediately as a world-changing event by perceptive observers. “The most magnificent Movement of all,” John Adams wrote in his diary the next day.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
How Starbucks Lost the Top Spot in China’s Coffee Race
World

How Starbucks Lost the Top Spot in China’s Coffee Race

Listen to article(2 minutes)Starbucks is losing its prime spot among chains racing to meet China’s growing thirst for coffee.Luckin Coffee has surpassed Starbucks as China’s biggest coffee chain by sales and units, company reports show, a comeback for the Chinese company after an accounting scandal that stalled its growth.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
New York AG Files Lawsuit Against PepsiCo, Alleging Pollution of Buffalo River
World

New York AG Files Lawsuit Against PepsiCo, Alleging Pollution of Buffalo River

Nov. 15, 2023 12:19 pm ETThe attorney general of New York has filed a lawsuit alleging PepsiCo’s production of single-use plastic is polluting the Buffalo River.Letitia James said Wednesday that PepsiCo’s single-use plastic production contributes significantly to high levels of plastic pollution along the Buffalo River that is contaminating drinking water and harming wildlife.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Disney Names PepsiCo Executive Hugh Johnston as Its New Financial Chief
World

Disney Names PepsiCo Executive Hugh Johnston as Its New Financial Chief

Walt Disney has named Hugh Johnston senior executive vice president and chief financial officer, plucking the finance executive from snacks and beverage giant PepsiCo.Disney on Monday said Johnston, 62 years old, will join the Burbank, Calif., entertainment titan on Dec. 4 after spending more than three decades with PepsiCo, where he has been chief financial officer since 2010.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8