The Philippines' leading food conglomerate San Miguel Corp said on
Tuesday it was still discussing the purchase of soft drinks firm
Cosmos Bottling Corp with RFM Corp.
Solid results in its soft-drinks bottling business were expected to
offset weakness in packaging and retail units to give Mexican
brewer and bottler Femsa moderate second-quarter growth, analysts
said.
Philippine conglomerate RFM Corp said it would focus on its core
food business after the sale of its lucrative soft drinks
subsidiary Cosmos Bottling Corp to a joint venture of Coca-Cola and
San Miguel Corp.
An American federal judge dismissed a 6-year-old civil lawsuit
alleging that several American agribusiness groups were involved in
a conspiracy to fix the price of high-fructose corn syrup.
US soft drink giant Pepsico Inc has teamed up with the Carlyle
global investment group to try to outbid San Miguel Corp in the
race to acquire Philippine soft drink firm Cosmos Bottling Corp.
The Philippine's food and beverage company San Miguel Corp said on
July 11 that it hoped to clinch a deal by next month to buy Cosmos
Bottling Corporation (CBC).
The American beverage group Coca-Cola is expected to modify the
terms of its $4bn juice-and-chips joint venture with Procter &
Gamble after criticism...
US soft drinks giant Coca-Cola Co. is entering the growing market
for functional beverage products containing dietary supplement
ingredients such as...
Cadbury Schweppes, the British confectionery and soft drinks group,
is in talks on forming an alliance with La Casera, the Spanish soda
water producer,...
US drinks giant, the Coca-Cola Company and Swiss group Nestle S.A.
announced on Tuesday the further development of their existing
joint venture partnership,...
Amid stagnating sales of carbonated beverages, Coca-Cola Co. is
working on developing a line of milk-based beverages for children
under 12, according...
Coca-Cola on Thursday said earnings for fiscal 2001 are likely to
fall belowexpectations and could be further weakened by the weak
European currency,...