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FMCG News

US private equity firm Kohlberg Kravis Roberts (KKR) plans initial public offerings (IPOs) worth billions of dollars for up to six of its companies, including Toys R Us, the Financial Times said on Saturday, 1 August 2009. 3 Aug 2009
SABMiller performance in line with expectations
One of the world's largest brewers SABMiller on Friday said financial performance for the three months ended June 30 was in line with expectations. 31 Jul 2009
Travel light in style
Samsonite is launching what it considers its lightest and strongest luggage range ever - the Cosmolite. 29 Jul 2009
Cadbury net profit nearly triples in first half
LONDON, UK: British confectionery maker Cadbury said today, Wednesday 29 July 2009, that interim net profits almost tripled thanks to a strong performance in emerging markets and its chocolate division. 29 Jul 2009
Pioneers of world's largest hot cross bun
After an adjudication waiting period, Safari Dried Fruit and Sasko's attempt for the world's largest hot cross bun, which took place on 4 April 2009 in Cape Town, has officially been awarded the Guinness World Record title. 27 Jul 2009
OWC buys KWV juicing plant
With its strategic focus on building alcoholic beverage brands, KWV Ltd has decided to sell its grape juice concentrate plant in Upington to neighbouring Orange River Wine Cellars (OWC) for R70 million. The transaction will see the grape juice concentrate business being transferred as a running concern to OWC on 1 September 2009. 24 Jul 2009
KWV Investments on Wednesday, 22 July 2009, announced the appointment of Jan Mouton, Chris Otto (financial director), Khutso Mampeule and Abrie Botha to its board of directors. 23 Jul 2009
True taste of SA teatime
Tshivhase Tea Estates in Limpopo have launched Midi Tea, a 100% South African produced and packaged black tea. 22 Jul 2009
Coca-Cola beats profit estimates
NEW YORK: Global beverage giant Coca-Cola on Tuesday, 21 July 2009, reported forecast-beating quarterly profit, aided by strong volume growth in emerging markets like China and India. 22 Jul 2009
Happy 100th birthday, Geen & Richards
Geen & Richards is celebrating 100 years of providing distinctive and exclusive furniture to its customers and, to date, is still considered one of the leaders in the furniture industry. 17 Jul 2009
Fair Cape launches ready-made coffee range
Coffee lovers have a new way to get their daily fix, thanks to Fair Cape's new ready-to-drink coffees. Available in three flavours: Cappuccino, Hazelnut Latte and French Vanilla Latte, the new range can be enjoyed hot or cold. 16 Jul 2009
Jo-Ann Strauss is the face of Lux Body Wash
Proving that you can be just about anything you wish to be, businesswoman, award-winning television presenter and former Miss South Africa Jo-Ann Strauss joins the world's most beautiful women in her role as the face of the new Lux Body Wash range. The new range launched in June. 15 Jul 2009
ZURICH: The world's biggest watchmaker Swatch Group is expecting sales to improve in the second half of this year after a difficult start to the year, group's CEO Nick Hayek said in remarks published on Sunday, 12 July 2009. 13 Jul 2009
South African group Distell, the world's fourth largest producer of brandies, has bought a 19th-century chateau in the heart of Cognac which is to become the home for its recently acquired cognac brand, Bisquit. 10 Jul 2009
MOSCOW: US soft drink giant PepsiCo said on Monday, 6 July 2009, it would boost investment in Russia by one billion dollars, topping the list of US trade deals expected during President Barack Obama's visit to Moscow this week. 7 Jul 2009
SABMiller ‘looking hard' at costs
Global brewer SABMiller yesterday, 6 July 2009, said it was responding to the downturn and competition with an aggressive group-wide cost-cutting programme, reviewing capital expenditure while intensifying marketing efforts to grow volumes in its geographical footprint stretching across 75 countries in six continents. 7 Jul 2009
Morkel signs with Puma
Puma has signed a long-term full technical contract with big-hitting Proteas all-rounder Albie Morkel who will now launch sixes with a Puma bat in hand. The deal runs from 1 July 2009. 3 Jul 2009
Mageu gets smooth
Traditional African energy drink Mageu Number 1 is introducing the latest addition to the family, Mageu Number 1 Smooth, a smoother, creamier drink available in three new flavours: Lemon & Lime, Strawberry Cream, and Banana Custard. 2 Jul 2009
SABMiller, one of the world's largest brewers, on Wednesday, 1 July 2009, announced a proposed Broad-Based Black Economic Empowerment (BBBEE) transaction worth about R6 billion, which will place about 10% of the company's shares under black ownership. 1 Jul 2009
SA olive oil wins international honours
Willow Creek Olive Estate was awarded top honours at the L'Orciolo d'Oro olive oil competition in Gradara, Italy, recently - with its flagship Directors' Reserve Extra Virgin Olive Oil winning the intensely fruity category. 30 Jun 2009
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