Analysis of beer market in China (on Russian)
Beer market of Ukraine: big three losing weightIn 2016, fast increase of excises and resulting price spike stood in the way of the beer market stabilization. Most of competition (as well as mass sorts) moved to the economy segment of the market. The biggest losses were incurred by the leading three, especially Obolon, which again experienced pressure after reallocation of Efes market share. However, one should already speak of TOP-4. Group Oasis CIS (PPB) became a strong player and competitor to transnational companies. Besides the net sales of many regional medium breweries look rather good and 16-fold cost reduction wholesale trade license for craft brewers opens up a possibility of rapid growth in 2017.
Analysis of beer market in China
China’s transition to a “new normal” reality backfired on the brewing industry unexpectedly. Stagnation and subsequent market decline resulted from dynamic social and economic changes. There has emerged a “two speed” market where the medium class significance is growing, yet the share of main beer consumers, “blue collar” is decreasing. Also the inflow of consumers is shrinking, as demographics stopped being a growth driver. Finally, beer is giving way to other alcohol drinks....
India. Vijay Mallya out of country, SC notice to appear before court within 2 weeks
Attorney General (AG) Mukul Rohatgi cited the CBI inputs and informed the the apex court that Vijay Mallya has left the country.
The court allowed notice to be served to Mallya through his official Rajya Sabha email ID via Indian High Commission at London and his counsel.
Consortium of banks sought directions for appearance of Mallya in person before apex court and for freezing his passport.
Pulling up the banks, SC also questioned why loans were given to Mallya when he was a defaulter and was facing proceedings in court of law. However, AG told SC that Mallya’s assets abroad are far in excess to loans taken by him.
Prior to moving the High Court, the banks had filed four pleas in the Debt Recovery Tribunal (DRT) at Bengaluru seeking reliefs like freezing of Mallya’s passport, and for his arrest. They had also sought a direction to Mallya that he should to disclose his assets on oath.
The DRT, on March 2, heard arguments only on one plea and did not consider other three pleas which were related to freezing of the passport and restraining Mallya from leaving country, the banks said in their appeal to the apex court. The banks had moved the DRT in the backdrop of Mallya’s recent resignation from the chairmanship of United Spirits. The Tribunal also restrained Diageo from disbursing Rs 515 crores as settlement money to Vijay Mallya.
9 Mar. 2016