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VERIFIEDMint Markets·positive
Varun Beverages to enter alcoholic drinks business, forms new subsidiary
AI Summary
- ·Varun Beverages has launched KIVA Spirits to enter the ready-to-drink (RTD) alcohol market.
- ·The company aims to diversify its product range and enhance its market presence.
- ·Varun Beverages recently partnered with Asahi Group and Carlsberg and reported significant profit growth for the June quarter.