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- September 11, 2025
Tiger Brands sells Langeberg and Ashton Foods, paving way for new ownership, community upliftment
SOUTH AFRICA – After five years of strategic deliberation, Tiger Brands has announced the sale of its deciduous fruit business, Langeberg and Ashton Foods, to
Diageo sells Seychelles Breweries stake to Phoenix Beverages for US$80M
SEYCHELLES – Diageo has agreed to sell its 54.4% majority stake in Seychelles Breweries Limited (Seybrew) to Phoenix Beverages, a subsidiary of Mauritius-based IBL Group,
Stauning Whisky scales back U.S. operations after Diageo exits Distill Ventures
USA – Denmark’s largest whisky distillery, Stauning, has announced the layoff of approximately 25% of its global workforce, equivalent to 13 employees, in response to
Nampak sells Bevcan Nigeria to Alucan Investment for US$68.5M
NIGERIA – South African packaging giant Nampak has finalized the sale of its Nigerian subsidiary, Bevcan Nigeria, to Singapore-based Alucan Investment for US$68.5 million. The
Lactalis to close Zambia factory, transitioning to import model
ZAMBIA – French dairy giant Lactalis has announced the closure of its factory in Zambia, effective 31 March 2025. The company will transition to an