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Suntory Beverage says unit selling some food, instant coffee operations to Kraft Heinz for 26 bln yen

Wednesday, 18 Oct 2017 10:47pm EDT

Oct 19 (Reuters) - Suntory Beverage & Food Ltd <2587.T>::Says unit selling some food, instant coffee operations to Kraft Heinz <<>> for 26 billion yen ($230 million).

DyDo Group Holdings unit to acquire 80 pct stake in Merpez

Monday, 16 Oct 2017 04:24am EDT

Oct 16(Reuters) - DyDo Group Holdings Inc <2590.T>:Says its 90 percent-owned Turkey-based unit Della Gıda Sanayi ve Ticaret A.Ş. will acquire 80 percent stake in Turkey-based company Merpez Ticaret Turizm Gıda Tarım Pazarlama Emlak İnşaat Sanayi İthalat ve İhracat Limited Şirketi(Merpez), which is mainly engaged in manufacture and sales of mineral water .Says amount of investment in Merpez for the acquisition is 23.4 million Turkish liras (725 million yen).Says the acquisition will close in late November .

CEO of PepsiCo AMENA division on short term medical leave

Friday, 13 Oct 2017 04:43pm EDT

Oct 13 (Reuters) - PepsiCo Inc :Sanjeev Chadha, CEO of PepsiCo's Asia, Middle East and North Africa division, is taking a short term medical leave from Pepsico​.Says Mike Spanos, president and CEO of PepsiCo Greater China region, will lead AMENA division on interim basis​ - SEC filing.

PepsiCo CEO on conf call- There was a marked slowdown in convenience store channel in Q3

Wednesday, 4 Oct 2017 08:30am EDT

Oct 4 (Reuters) - Pepsico Inc :CEO on conf call- there was a marked slowdown in the c store channel in Q3.CEO on conf call- Gatorade, which accounts for approximately 1/5 of our Q3 volume , declined.CEO - drove 6% net revenue growth for cheetos brand in q3 with new products, such as Cheetos, Jalapeño Cheetos and our Simply line and Mac And Cheetos.CEO - in Latin America, continue to see very challenging macroeconomic conditions and geopolitical instability, which dampened consumer spending.This year, our e-commerce retail sales are projected to be up 80% in the United States and nearly double in China.CEO - "when you start getting into this competitive battle of more and more promotions, we've been there, done that, i don't think that is a way to create long term strong businesses.".CEO - " ownership of the bottling business is going to make a huge difference".

Pepsico reports Q3 core earnings per share of $1.48

Wednesday, 4 Oct 2017 06:02am EDT

Oct 4 (Reuters) - Pepsico Inc : :Pepsico Q3 earnings per share $1.49 .Q3 core earnings per share $1.48 .Q3 net revenue $16.24 billion, up 1 percent.Pepsico Inc Q3 earnings per share view $1.43, revenue view $16.31 bln -- Thomson Reuters I/B/E/S.Pepsico sees 2017 core earnings per share $5.23.Now expects FY organic revenue growth to approximate co's year-to-date growth rate.Pepsico Inc FY2017 earnings per share view $5.16 -- Thomson Reuters I/B/E/S.Pepsico - Foreign exchange translation now expected to negatively impact reported net revenue growth by about 1 percent point for FY.Pepsico - Foreign exchange now expected to negatively impact FY core EPS by about 1 percent point.Pepsico - Continues to expect 2017 net capital spending of about $3 billion, dividend payments of about $4.5 billion, share buybacks of about $2 billion.Pepsico - Company intends to reinvest the Britvic gain in the balance of the year.

Refresco receives renewed interest from PAI

Tuesday, 3 Oct 2017 02:45am EDT

Oct 3 (Reuters) - REFRESCO GROUP NV ::REG-REFRESCO RECEIVES RENEWED INTEREST FROM PAI.‍HAS RECEIVED A NEW UNSOLICITED, INDICATIVE AND CONDITIONAL PROPOSAL FROM PAI PARTNERS SAS (PAI) ON 3 OCTOBER 2017​.‍POSSIBLE OFFER TO ACQUIRE ALL 81.2 MILLION ISSUED SHARES IN COMPANY FOR EUR 19.75 PER SHARE​.‍AGGREGATE CASH CONSIDERATION OF EUR 1.6 BILLION​.‍OFFER INCLUDES COTT'S BOTTLING ACTIVITIES, REFRESCO'S LATEST ACQUISITION WHICH IS EXPECTED TO SEE COMPLETION BEFORE YEAR-END​.

Britvic to close Norwich manufacturing site

Tuesday, 3 Oct 2017 02:07am EDT

Oct 3 (Reuters) - Britvic Plc :Proposed closure of norwich manufacturing site.Today announcing a proposal to transfer production of robinsons and fruit shoot from our norwich site to our manufacturing sites in east london, leeds and rugby.Has 242 employees on site that are affected by this decision.It is anticipated that there will be costs associated with implementation, subject to outcome of consultation process, which are expected to be clarified in britvic's preliminary results release on november 29th.

Coca Cola HBC AG ‍announces death of CEO, Dimitris Lois

Tuesday, 3 Oct 2017 02:00am EDT

Oct 3 (Reuters) - COCA COLA HBC AG ::‍ANNOUNCES WITH DEEP SADNESS DEATH OF ITS CEO, DIMITRIS LOIS, ON 2 OCTOBER 2017​.‍MICHALIS IMELLOS WILL CONTINUE IN ROLE OF ACTING CEO​.

Long Island Iced Tea Corp says Julian Davidson assumed functions of principal financial officer​

Wednesday, 27 Sep 2017 04:29pm EDT

Sept 27 (Reuters) - Long Island Iced Tea Corp :Long Island Iced Tea Corp - ‍on September 27, 2017, Julian Davidson, co's executive chairman, assumed functions of principal financial officer​.Long Island Iced Tea Corp - ‍ Julian Davidson replaces Richard Allen, company s former chief financial officer​.

Long Island Iced Tea Corp announces public offering of common stock

Wednesday, 27 Sep 2017 01:13pm EDT

Sept 27 (Reuters) - Long Island Iced Tea Corp ::Long Island Iced Tea Corp announces public offering of common stock.Announced public offering of 607,500 shares of its common stock at a public offering price of $2.05 per share.

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