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....
China. CR Breweries board appointed a new Executive Director and CFO
According to the decision of China Resources Breweries (Holdings) Limited board starting from June 2016, Li Boasheng will take up the office of Executive Director, Chief Financial Officer and the company’s secretary. From then onward, Li Ruxiong is non-executive director.
Li Ruxiong was appointed the Executive Director and CFO in June 2009, at the age of 54. In August that year, he also became the company’s secretary. Previously, Ruxiong occupied the position of CFO at Eagle Brand Holdings, Inc., as well as Executive Director and CEO at China Resources Gas Group Limited. The former executive director of CR Breweries has a Bachelor’s diploma of Commerce from Western Australia’s Commerce University and Business Administration diploma from Western Australia's Curtin University of Technology. He is also a member at Hong Kong Accountants’ community and Australian CPA
1 Jun. 2016