Beer market of Russia 2016: PET goes to draftThe beer market of Russia was warmed up by the hot summer, but the preparation for large volume PET prohibition has already impacted it negatively. The year was successful for Efes, MBC and regional producers; Carlsberg’s positions were virtually stable but AB InBev and Heineken lost a part of market share having focused on the sales profitability. The dynamics of big brands was determined by how much the companies were willing to keep the prices down or by their promotional activity. In this context the economy segment of the beer market and sales of inexpensive draft beer were increasing. The premium segment started shrinking due to license brands migrating to the mainstream segment.
Beer market of Vietnam: “Young tiger”Vietnam is one of the few big beer markets that continue to grow steadily. The beer popularity results from its low price, street consumption culture, and social motives. The outlooks of beer market as well as the Vietnamese economy inspire optimism, though the country is heavily dependent on export of goods. The state regulation can be called liberal, but the key risk for brewers is harbored in intensive rising of excise. Within TOP-4 there are two leaders, Sabeco and Heineken that grow at the fastest rates. The first company effectively employs its capacities, the second one focuses on marketing technologies. Almost 80% of the market belongs to century-old brands, yet the middle class and the youth are shifting their interest toward international premium that is growing taking share from the mainstream.
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.
India. ED seeks to recall exemption from personal appearance granted to Vijay Mallya
Chief metropolitan magistrate Sumit Dass, who was hearing final arguments in the case, was told by the ED’s prosecutor N.K. Matta that he would file an appropriate application in this regard within a week.
The court posted the matter for further hearing on 20 May.
During the hearing, Matta argued that the court should recall its December 2000 order by which Mallya was granted permanent exemption from personal appearance as a Prevention of Money Laundering Act court in Mumbai recently issued an open-ended warrant against Mallya, in connection with an alleged money laundering case.
He said the exemption order was passed by the court and the present status is that Mallya has gone abroad and in such situation, he will file an application seeking cancellation of exemption granted to Mallya.
Senior advocate Ramesh Gupta, who appeared for Mallya, said his client was earlier granted exemption from personal appearance on 20 December 2000 and he be exempted for Wednesday.
In the present case, the ED alleged that Mallya violated the provisions of the Foreign Exchange Regulation Act (FERA) in arranging funds to advertise his company’s liquor products abroad.
The ED claimed that Mallya was summoned on four occasions for questioning in connection with a contract signed in December 1995 with London-based firm Benetton Formula Ltd for promotion of the Kingfisher brand abroad.
When Mallya failed to appear before the ED in response to the summons, a complaint was filed on 8 March 2000 before a court and later on, a charge was framed against him under section 56 of FERA.
According to the ED, Mallya allegedly paid $200,000 to the British firm for displaying the Kingfisher logo in Formula One World Championships in London and some European countries in 1996, 1997 and 1998.
The agency claimed that the money was allegedly paid without prior approval from the Reserve Bank of India in violation of FERA norms.
28 Apr. 2016