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JDE Peet’s to “simplify” portfolio to boost growth

Just Drinks

In the period from 2026 to 2027, JDE Peet’s is targeting a 1-3% rise in gross profit compared to 2024, a growth rate it is aiming to accelerate to 4-7% in the period 2030 to 2032. The company is planning to spend €30-50m more a year on capital expenditure, it said. Sign up for our daily news round-up!

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Championing Change Making Big Impact

Spiritz

As such, the company’s environmental, social and governance (ESG) strategy has been structured with objectives that will eventually bear fruit in phases till the year 2030. Promoting Positive Drinking Championing positive drinking is a core pillar of the Society 2030 ESG action plan.

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Diageo India exceeds its water replenishment target

Spiritz

The Index states that progress has been achieved across three key objectives outlined in the Progress Plan — pioneering grain-to-glass sustainability, promoting positive drinking, and championing inclusion and diversity. The company has set a target of reaching 100 percent renewable energy status till 2030.

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Diageo India on water conservation mission

Spiritz

Diageo India’s water conservation initiatives are aligned to Diageo’s Society 2030: Spirit of Progress, driving the vision of enabling ‘Grain to Glass Sustainability.’ The initiative is complemented by construction of check dams to promote environmental and social benefits like addressing the issue of reduced water shortage during dry months.

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Pernod partners with EcoSPIRITS for global distribution

Spiritz

Pernod Ricard and ecoSPIRITS have announced entering a new stage in their relationship with a five-year global licensing agreement to enable the distribution of Pernod Ricard’s spirits brands in ecoSPIRITS’ circular packaging technology to on-trade venues around the world.

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Diageo’s initiative to empower the differently abled

Spiritz

This initiative is aligned to Diageo India’s commitment to championing Inclusion and Diversity, a key pillar of Diageo’s Society 2030: Spirit of Progress goals. The Skill Council for Persons with Disability (SCPwD) will train 300 students in food and beverage services, under Diageo India’s ‘Learning for Life’ programme.

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The Booming Bazaar A Look at the Future of Indian Travel Retail

Spiritz

A 2023 report by PricewaterhouseCoopers (PwC) estimates that by 2030, the global middle class will be 5.3 This phenomenal growth is largely attributed to the growing middle class and government policies promoting domestic tourism and duty-free shopping in locations such as Hainan Island.