Business

Asahi to acquire Independent Liquor

Asahi to acquire Independent Liquor

By Kacey Culliney

Japan’s Asahi Group Holdings today announced an agreement to acquire 100% of Independent Liquor from Pacific Equity Partners and Unitas Capital in a 97.6bn Yen ($1.28bn) deal.

Goodman Fielder to open new gluten free bakery in NZ

Goodman Fielder to open new gluten free bakery in NZ

By Ankush Chibber

Australian food manufacturer Goodman Fielder Ltd is set to open a new dedicated gluten free bakery in Huntly, New Zealand next month in order to cater to the rising demand for such products there.

Feihe sells dairy farms in China

Feihe sells dairy farms in China

By Ankush Chibber

Feihe International Inc., formerly known as the American Dairy, has announced that it intends to sell its two dairy farms in China to a Chinese Investment Company.

Indian bottler gets major funds injection

Indian bottler gets major funds injection

By Ankush Chibber

Standard Chartered Private Equity (SCPE) has invested about US$56m in India-based bottler Varun Beverages Ltd, as a new market report hints at untapped potential in India's soft drinks market.

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