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Beverages

At illycaffe quality and sustainability are inextricably linked

December 10, 2021

Dr Andrea Illy is the chairman of illycaffe SpA, a family-owned business and the first B Corporation coffee company in Italy. Illy, who is a trained chemist, environmental expert and innovator, has made illycaffe synonymous with sustainability and quality.

FB Roundup: Associated British Foods, Red Bull, JCB

December 6, 2020

Second UK lockdown cost Weston family’s Primark $579 million in sales, Red Bull energises Yoovidhya family of inventor with $257 million payout, Lord Bamford gives JCB staff an extra holiday to mark 75th anniversary.

Second lockdown costs Weston family’s Primark $579 million in sales

The Weston family-controlled food and retail giant Associated British Foods estimates it lost £430 million ($579 million) in sales while its high street fashion retailer Primark was closed during the latest coronavirus lockdown.

FB Roundup: Ferrero, Lotte Group, and William Grant and Sons

January 24, 2020

Ferrero family’s $714 million Nestle sweet tooth, succession battle fears after Lotte Group founder’s death, and William Grant and Sons toast whisky sales growth and investments.

Ferrero family’s $714 million Nestle sweet tooth

The Ferrero family is poised to enjoy the cream off the top of its $2.8 billion cash buy-out of Nestle’s US confectionery business and its $1.8 billion deal for Kellogg Co’s cookies and fruit snack brands with a $714 million (€642 million) dividend.

Stern family office cheers Pernod Ricard results, family leadership against activist investors

October 24, 2019

European family office investor J Stern and Co has defended French family business Pernod Ricard against the “short term goals” of activist investors after the world's second-largest wine and spirits group was criticised by US billionaire Paul Singer’s Elliott Management.

Pernod Ricard rebuffs criticism with growth, board revamp and acquisitions

September 6, 2019

Third-generation family business Pernod Ricard has countered criticisms over its shareholder returns and governance from its activist investor with a rise in turnover, a €1 billion share buyback scheme, non-family board appointments and investments in China and the United States.

Family brewers of London Pride sell beer business to ferment property portfolio

February 1, 2019

London’s last family brewer Fuller’s has sold its entire beer business to a Japanese firm for $328 million to focus on its lucrative pubs and hotels.

London’s last family brewer Fuller’s has sold its entire beer business to a Japanese firm for $328 million to focus on its lucrative pubs and hotels.

Alexandre Ricard: Team spirits

August 6, 2018

Having a famous surname did not mean Pernod Ricard rolled out the red carpet for a young Alexandre Ricard. So why was being rejected by the world's second-largest premium spirits and wine company the best thing that could have happened? Peter Crush finds outs

Dilmah: Growing authenticity in tea

February 13, 2018

Dilmah was the first producer-owned tea brand to offer tea picked, perfected, and packed at its place of origin. Pioneered by founder and chairman Merrill J Fernando, the Sri Lankan has built the world’s third largest tea brand and a multigenerational family business over 30 years, based on ethics and philanthropy. “Dilmah is not a brand of tea, Dilmah is a philosophy of caring and sharing,” he tells James Beech, over a cup.

Simon Berry: Good years for the rosé

August 31, 2017

Berry Bros & Rudd has quenched thirsts since 1698. Now, 319 years later, a wave of corporate governance changes is setting it up for the next three centuries. Peter Crush reports.

Berry Bros & Rudd has quenched thirsts since 1698. Now, 319 years later, a wave of corporate governance changes is setting it up for the next three centuries. Peter Crush reports

Every so often you catch glimpses of the fact Simon Berry really wanted to be an actor.

“This building [3 St James Street, London] dates to the 1530s,” he explains with vim, gesticulating flamboyantly at his surroundings.

FB roundup: AB InBev, Fairfax Media, and In-N-Out

May 12, 2017

Brewing giant AB InBev profits up but struggles in Americas; Whither Fairfax Media as assets cherry picked; Third-gen takes ownership of billion dollar In-N-Out burger chain.

Mega-brewer AB InBev’s turbulent quarter

Brewer Anheuser-Busch InBev (AB InBev) has seen revenues and profits increase in the first quarter of 2017 despite a slight dip in beer sales.

The world’s largest brewer, which is headquartered in Belgium and has substantial family ownership, enjoyed a 3.7% increase in revenues to $12.9 billion despite total sales falling by 0.5% to 147.9 million hectolitres.