Diageo has agreed to sell its 65% stake in East African Breweries (EABL) to Japan’s Asahi Group Holdings for US$2.3 billion, marking the UK spirits giant’s final major African brewing divestment as it accelerates...

Ten European F&B industry groups are calling for the immediate signing of the EU-Mercosur trade agreement ahead of a crucial European Council vote, asserting that the 25-year-old deal is essential for competitiveness and...

Treasury Wine Estates (TWE) has announced it would write down the value of its US business by A$687.4 million. The company’s revision of its long-term growth comes amid a global trend of shifting drinking patterns, driven...