Heineken has entered into an agreement with Sanyo Whisbih Group to take over majority ownership of the Long Chuan Zuan Co brewery in Taiwan.
With this investment in local production, Heineken says it will become the first international brewer to have a brewery in the country.
In 1987, the company introduced the first Heineken beer to Taiwan, before establishing an office there in 2002. Currently the brewer has six offices in the country, where it generates TWD 6 billion ($201.9 million approx.) in revenue each year.
The transaction – which is subject to closing conditions – has been approved by the Investment Commission of the Ministry of Economic Affairs in Taiwan.
The financial terms of the agreement have not been disclosed.
By Antonia Garrett Peel
Source: foodbev.com
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.
