Where is the non-alcoholic beer market heading to? Companies and brands. Baltika as a democratic leader. Heineken – how do you shake up the market and shove up the competitors. AB InBev Efes – premium corner. Non-alcoholic import beer. Non-alcoholic beer - Who drinks it? General conclusions. Summer beer. ...
“Catalogue of Russian Beer Producers 2020” includes 1285 businesses ranging from large subsidiaries of international companies to rather small restaurant and craft breweries.This issue has 171 more breweries compared to 2018 (155 business have been excluded and 326 have been included).Starting from 2019, FTS has been publishing data on excise payments by brewers (delayed by 1.5 years), that can be translated into beer equivalent for most of producers.Depending on the volumes, we ranked the brewers that provided information by 6 groups (see pic.). At one end of the production spectrum there are 2/3 of breweries outputting less than 10 thousand decaliters. Their net share amounts to as little as 0.2% of the total beer output volume. On the other end there are 6 federal groups accounting for almost 80%. ...
Dmitry Nekrasov’s Philosophy — on the Past, Present and Future of Ukrainian Brewing IndustryA meeting with Dmitry Nekrasov always turns into a training course: “Introduction to brewing business“. We are talking to a clever “playing trainer“ a person that can be called a godfather of the Ukrainian craft. He has a dozen of successful projects to his name. Dmitry told us about craft beer in Ukraine, on market cycles, on specifity of operating in retail and HoReCa, on union of Ukrainian brewers and certainly, how a brewery of his own, First Dnipro Brewery is doing.
The market of import beer in Russia: review and databasesThe market of import beer is rapidly growing and changing. But while in the past years it was growing due to brands variety, in 2019 major and affordable brands from TOP-10 were developing actively. It seems that the fact of a brand origin from far abroad counties, even if it is not well known but has moderate price and good distribution provides for million liters of sales in the territory of Russia. Among distributors AB InBev Efes was far behind, yet the role of Baltika and suppliers of the second row got more important. The boom of German brands was followed by stagnation of import from other traditional regions (and Belarus) instead the supplies from Mexico, Lithuania and Asian countries grew considerably.
Doubts over SABMiller bid for Fosters
Why would the London-listed global brewer clear the decks if it was not gearing up to pounce? On the other hand, analysts are far from convinced that SABMiller would benefit much from doing so, apart from increasing its size and planting a flag in the Pacific.
The actual profit potential from synergy savings is marginal, especially in Australia, which is a developed market.
Figures from Evolution Securities point to Australia being five times more profitable per hectolitre of beer than the UK, but Foster's share price is already discounting a fully priced bid of about $11.5 billion and that includes the troubled wine interests, Treasury Wine Estates, which encompasses the Rosemount, Penfolds, Wolf Blass and Wynn's labels.
Could rivals be tempted into the fray and flush out SABMiller? Some speculate that Japan's big brewers, themselves struggling with static home markets, might be interested, but they have never made a success of overseas acquisitions and would face the same lack of cost-saving opportunity as SABMiller.
However, the cost of capital to the Japanese is minimal and the desire to do something - anything - to revive their businesses is strong.
Foster's shareholders would love a premium to the present share price, which almost 10% below where it stood last summer when the group said it was considering splitting the beer and wine arms into two separately listed companies, so divergent were their prospects and calls on capital.
However, it is hard to see anyone paying a premium price after Foster's announces its six-month figures in a couple of weeks' time. They are likely to be less than buoyant due to the floods and other recent natural disasters in its home market.
Even more depressing is that the potential that value of Treasury Wine Estates has probably decreased since Foster's turned down a ?1.7bn bid from Cerberus Capital, the US investment group, in the autumn.
Analysts calculate that the beer division is worth about $10bn, which at Foster's present share price puts a value of just $1.5bn (?1bn) on Treasury. Foster's said the Cerberus offer undervalued Treasury but the Americans have made no further move. Perhaps they think they are now in a buyers' market.
However, the Foster' s board has this week acted to secure Treasury's vital supplies of New Zealand wine by lifting its stake in Rapaura Vintners to 50%.
The popularity of sauvignon blanc, which now outsells chardonnay in Australia, means secure sources in Marlborough are essential. Rapaura is a key supplier to international markets with the capacity to package 11m cases a year.
That may help improve the prospects of a bidder for Treasury, but the Foster's board has a delicate balancing act to perform on February 15.
Assuming that Foster's announces the split of the beer and wine arms (watch the share price fall if it doesn't), the best prospect of attracting a premium bid for the beer division is to have it carry as little debt as possible. But that would mean saddling Treasury with extra burdens and making it less attractive.
Could Foster's announce a final solution with offers for both divisions on February 15? Stranger things have happened.
28 Янв. 2011