Mexico’s FEMSA posts higher Q4 profit

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Giant Mexican beverage and retail company FEMSA (FMSAUBD.MX) (FMX.N) said on Friday quarterly profit climbed, boosted by higher sales at its expanding network of convenience stores and its stake in Dutch beer company Heineken. (more…)

Illinois Craft Brewers Fight To Protect Right To Distribute

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In the past few years, the nation-wide trend of craft brewing has developed a following of aficionados as zealous, finicky and committed as its counterpart in the wine world — if a little scruffier. The trend has led to an explosion in the number of breweries operating nationwide, up nearly 20 percent in the last five years alone, according to the Brewers Association. (more…)

Russia to class beer as alcohol

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Beer is to be legally classified as an alcoholic drink in Russia for the first time, according to a report. (more…)