US stake will give NZ non-alcoholic drinks firm a buzz

US stake will give NZ non-alcoholic drinks firm a buzz
Lisa King says she's looking at where AF Drinks will launch next in the world. (Image: NZME)
Ella Somers
Non-alcoholic beverage company AF Drinks hopes new investment from global liquor giant Pernod Ricard will help the company lead the non-alcoholic beverage market in the US.Pernod Ricard has picked up a 14.2% stake in AF Drinks via its equity capital firm Convivialité Ventures, based in California.AF founder Lisa King said the investment would help it dominate the non-alcoholic drinks market in the United States.Here, AF Drinks already has about 35% market share of the supermarket non-alcoholic spirits and ready-to-drink segment.The US st...

More Retail

Duke pins recovery hopes on lower interest rates
Retail

Duke pins recovery hopes on lower interest rates

The Briscoe Group chief said he is ‘thrilled to bits’ with the full-year result.

Gregor Thompson 12 Mar 2025
School lunch provider Libelle Group tipped into liquidation
Retail

School lunch provider Libelle Group tipped into liquidation

It is contracted to deliver approximately 125,000 meals a day. 

Staff reporters 11 Mar 2025
Supreme Coffee pursuing ‘aggressive growth’ in Aus
Retail

Supreme Coffee pursuing ‘aggressive growth’ in Aus

The private equity-backed coffee business acquired a roastery in Sydney last month.

Gregor Thompson 11 Mar 2025
ComCom files criminal charges against two Pak’nSaves
Retail

ComCom files criminal charges against two Pak’nSaves

Charges against Woolworths are on their way.  

Gregor Thompson 04 Mar 2025