Constellation Brands revises Gallo deal The international wine, beer and spirits maker has been forced to re-work its deal to sell 30 of its brands to E & J Gallo Winery amid competition concerns. As a result, three brands will be excluded from the transaction, knocking $6m off the $1.7bn deal. Read more.

Australia’s competition watchdog scrutinises Asahi-CUB deal The ACCC has raised concerns over AB InBev's potential sale of Carlton United Breweries to Asahi Group Holdings. The $11.3bn deal was announced earlier this year. Read more.

Profits slide at PZ Cussons The owner of the Carex Handwash and Imperial Leather soap brands has reported a decline in first half revenue and operating profit. Alongside the results comes the announcement that Alex Kanellis, Group CEO, is set to retire in January 2020. Read more.

Sales surge at 2 Sisters Food Group The food business has seen continued growth in its first quarter, reporting a 42.4% spike in profit from the same period last year. LFL sales rose to £662.7m, compared with £658.6m the year before. Read more.

William Grant & Sons expands sustainability portfolio The drinksmaker is launching a new rum infused with banana peels that would otherwise go to waste. The product will be part of the company's eco-friendly Discarded range. Read more.

Pasta Evangelists rolls out concession stands The pasta delivery service is doubling down on its omnichannel efforts by launching a concession stand in M&S's new format store. Pasta Evangelists has already trialled the in-store concession model with a similar offering in Harrods’ food hall. Read more.