Nestlé has agreed to sell its Blue Bottle Coffee business to private equity firm Centurium Capital, marking the latest step in the food giant’s ongoing portfolio reshaping.

McWin Capital Partners has made a strategic investment in Incapto, a coffee-as-a-service platform targeting both households and businesses.

Plans by Harrogate Spring Water to expand its bottling facility have been blocked by the local council, marking a setback for the company’s proposed development.

Tenzo, a real-time data and analytics platform for hospitality operators, has secured a $5 million first close of its Series A extension round, led by Edge VC.

Unity Coffee has raised £2 million in its second funding round, as the automated retail start-up looks to scale its app-led coffee model following pilot trials in London.

PepsiCo has unveiled a new phase for its Gatorade brand, expanding its focus beyond traditional sports use as it looks to position hydration as part of everyday life.

McDonald's is preparing to expand into energy drinks and specialtiy sodas as part of a broader overhaul of its cold beverage offering in the US, according to a report by the The Wall Street Journal.

Exchange For Change plans to allocate £60 million in grants over the first three years of the UK’s Deposit Return Scheme (DRS) to support small, independent retailers with the rollout of reverse vending machines (RVMs).

Café chain Blank Street is in early-stage discussions to raise more than $100 million in fresh funding as it looks to accelerate expansion, according to the Financial Times.

Starbucks has completed its previously announced joint venture with Boyu Capital, advancing its long-term growth strategy in China.

The Coca-Cola system in South Africa plans to invest ZAR 17.6 billion (approx. $1 billion) in the country by 2030.

Nestlé’s planned sale of a stake in its water division has moved into the next phase, with several private equity firms advancing in the bidding process, according to a report by the Financial Times.