Independent beer brand, Mikkeller, is to cease operations at its brewery and tasting room in San Diego, California, but will continue its business in the US through contract brewing instead, via the AleSmith Brewing Company.
Japanese brand Nissin Foods has released its latest sales figures from April to June 2022 which showed an increase in instant noodle sales across the board.
Italy’s Campari Group has closed an agreement with Catalyst Spirits to acquire an initial 15% interest in Howler Head bourbon whiskey for $15 million – with medium-term plans for total ownership and also to obtain exclusive global distribution rights.
Mycel, a South Korean company that produces meat and leather substitutes from fungi, has raised $10 million (€10.03 million) in pre-Series A funding and is hoping for some of its products to go on sale next year.
Arkansas-based Tyson Foods is ploughing $200 million into its Amarillo, Texas beef plant to expand and upgrade operations there, and also build a new team member well-being area.
The global food and beverages market is expected to reach a value of $10,406.81 billion (€10,430.30) in 2031, growing at a CAGR of 5.4%, according to a new report by Research and Markets.
Cocktail bars, restaurant and drinks venues in the UK are being wooed by a new brand called Mixologist’s Garden which has introduced six freeze-dried garnishes, designed to make the life of a mixologist, or even at-home cocktail maestros, easier.
