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. United Breweries Holdings Ltd appoints Ajay Kumar Vijay new CFO
Vijay succeeds Ravi Nedungadi, who retired last month after reaching prescribed retirement age.
"The Board of Directors at their meeting held on April 20, 2016 have also appointed Mr Ajay Kumar Vijay, CFO as a Key Managerial Personnel by passing a resolution as required under Section 203 (1) of the Companies Act, 2013," the company said in a filing with the BSE on Thursday.
The move comes at a time when quite a few senior management have stepped down amidst growing scrutiny of the company and courts have begun hearings of winding up against UBHL and now defunct Kingfisher Airlines (KFA).
Mallya's son Siddharth, who was a non-executive, non-independent director of the company, stepped down last month. Mallya and the promoter group continue to hold 52.34% shares of UBHL.
UBHL, which has been declared a wilful defaulter by State Bank of India, Punjab National Bank and United Bank of India, is contesting the winding up petitions in the Karnataka High Court.
Vijay Mallya, who is currently staying in the UK, is being probed my multiple agencies across the country due to his alleged non-payment of loans related to Kingfisher. Earlier this month, the lenders consortium turned down his offer to repay Rs.4,000 crore to settle the debts of KFA. He also offered to pay an additional Rs.2,000 crore if he won a pending lawsuit against an aircraft engine maker.
22 Apr. 2016