SABMiller PLC, Coca-Cola Co. and Coca-Cola Sabco have reached an agreement with the South African government to address public interest concerns over the proposed merger of their bottling operations in Africa.
In November 2014, Coca-Cola, SABMiller and Coca-Cola Sabco, the African bottler of Coca-Cola Sabco, agreed to combine the bottling operations of their non-alcoholic ready-to-drink beverages businesses in southern and east Africa.
SABMiller said Wednesday that the merger parties have agreed a comprehensive set of commitments with the South African government to address concerns arising due to the merger. The concerns relate to employment, competition, localization of production and inputs used in the production of Coca-Cola products, economic empowerment and location of headquarters.
The commitments are expected to be recommended to the competition tribunal in connection with the bottling operation merger, SABMiller said.
By Tapan Panchal
Cargill will appoint Brian Sikes as its president and chief executive officer on 1 January 2023. The soon-to-be CEO, currently holding the chief operating officer title, has worked at Cargill for 31 years. Dave MacLennan, who has served as Cargill’s CEO since 2013, will assume the role of executive chair of the company’s board of directors.
Comforting colors, feel-good flavors, and unique food and beverage experiences will resonate most with consumers in the new year, according to ADM’s latest Flavor and Color Outlook. ADM anticipates that 2023 will be the year of self-expression, and the company identified four trends that are sure to stand out.
Nestlé’s Nespresso brand will pilot home-compostable coffee capsules on the Nespresso Original system in France and Switzerland from spring 2023 before further launches in several other European countries within a year. The paper-based capsules are touted as a breakthrough in packaging technology after three years of R&D.