Corona beer maker forecasts better-than-expected results Constellation Brands has issued a strong annual forecast, following a positive set of quarterly results. The business has posted net sales of $2.14bn for the fourth quarter, compared with analyst estimates of $2.10bn. Read more.

Kao Corporation doubles down on EMEA business The Japanese beauty firm is looking to more than double sales in its EMEA unit over the next six years, and is investing in growing its Bondi Sands brand to achieve this. Kao bought the Bondi Sands self-tanning brand last year for around $450m. Read more.

McCain completes Strong Roots acquisition The frozen foods company has taken full control of plant-based food brand Strong Roots. McCain plans to expand Strong Roots' offering and drive global growth. Read more.

Hain Celestial sells cookie brand to J&J Snack Foods The food and personal care group has announced the sale of its Thinsters Cookie Brand to J&J Snack Foods. Last year, Hain Celestial launched its multi-year transformation plan Hain Reimagined to streamline its business and pivot to growth. Read more.

Molson Coors to invest £100m in UK production Over the next five years, the owner of the Coors Light, Carling and Staropramen brands will inject more than £100m into its UK production network. The brewer has three breweries and one cider press in the UK. Read more.

Chocolate maker Barry Callebaut reports lower-than-expected operating profit The Swiss chocolatier has posted a 40% downturn in EBITDA for the six months to the end of February. Barry Callebaut has said its business was hit by one-off expenses caused by its transformation plan. Read more.