San Miguel Food and Beverage Inc. (SMFB) posted an 11 percent hike in consolidated net income to P30.4 billion for the first nine months of 2024 due to significant growth registered across all business segments. In a statement, the firm said that, for the period ending Sept. 30, 2024, consolidated...
Over the years since the pandemic, more shops have opened up in the food and beverage (F&B) industry, allowing more restaurants and cafes to flourish in the country. According to Business Monitor International (BMI), growth in the food and drink sector will remain strong for 2024 and...
San Miguel Food and Beverage Inc. (SMFB), one of the core units of diversified conglomerate San Miguel Corporation, reported that its net income improved by six percent to P20 billion in the first half of 2024, driven by continued business growth. In a disclosure to the Philippine Stock Exchange...
SMFB to grow beer, liquor businesses By James A. Loyola San Miguel Food and Beverage Inc. (SMFB), a subsidiary of diversified conglomerate San Miguel Corporation, is confident of boosting sales growth for its beer and liquor businesses. During the firm’s annual stockholders’...
PETValue, a 2.28-billion-peso multi-phased joint venture in General Trias, Cavite, utilizes the country's most advanced bottle-to-bottle PET recycling technology. The facility recently celebrated a significant milestone-recycling 1 billion PET bottles. PETValue Philippines, the country’s first...
San Miguel Food and Beverage Inc. (SMFB), one of the core units of diversified conglomerate San Miguel Corporation, reported that its consolidated operating income climbed 13 percent to P13.1 billion, fueled by increased sales in its Food and Spirits divisions. Based on its Philippine Stock...
San Miguel Food and Beverage Inc. (SMFB), a unit of diversified conglomerate San Miguel Corporation, reported a 10 percent growth in net income to P38.1 billion, the highest net income figure achieved by the Group since SMFB's consolidation in 2018. In a disclosure to the Philippine Stock Exchange,...
Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) have completed their $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) from The Coca-Cola Company (TCCC). In a statement, AEV said CCBPI, the exclusive bottler and distributor of TCCC...
Trends come and go but food is timeless. Often when we see trends in the food industry, they either become a permanent fixture or fade into obscurity once the trend dies down. In a special event entitled “Food Forward” at The Astbury in Makati City, San Miguel Foods culinary services manager...
The $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) by Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) takes a further step towards completion after getting the green light from the Philippine Competition Commission (PCC). In a disclosure to...
San Miguel Food and Beverage Inc. (SMFB), a core unit of diversified conglomerate San Miguel Corporation, posted a 4.6 percent growth in consolidated net income to P27.5 billion in the first nine months of 2023 from P26.3 billion in the same period last year. In a statement, the firm said it...
A lot has been said of how difficult a time the pandemic was for everyone. Even more has been said of how business suffered through the Covid-19 era, how even established institutions were forced to close shop (i.e., the now reopened Makati Shangri-La being a prime local example). Among those badly...
