A Canadian judge on Friday put Molson Coors Brewing Co.’s (TAP) sponsorship deal with the National Hockey League in doubt after ruling the league had reneged on an existing deal with Labatt Breweries, according to the Toronto Star. (more…)
Apparent consumption of Ready to Drink (pre-mixed) (RTDs) beverages decreased 1.9% in 2009-10, following a fall of 30% in the previous year, according to figures released on Thursday by the Australian Bureau of Statistics (ABS). (more…)
Heineken N.V. today announced that Siep Hiemstra (56), currently Regional President Asia Pacific, will succeed Tom de Man (63) as Regional President Africa and the Middle East, following Mr de Man’s retirement after a highly successful 40 year career at Heineken. (more…)
Australian brewing giant Foster’s Group Ltd. said Friday it had nothing to disclose in regard to a potential buyout of the brewer after media reports indicated bidders were beginning to circle. (more…)
Danish brewer Carlsberg stands to own 90% of its India operations as Sri Lanka . investor Lion Brewery Ceylon sells its stake to focus on the Sri Lankan beer market. The buy out, subject to shareholder nod, would enable Carlsberg own twice the stake it held before. (more…)
* Molson, Modelo weigh joint bid for Foster’s – source
* Banks including BoFA, Deutsche helping w/ financing
* Foster’s ADRS up 5.5 pct; Molson shares down 3 pct (Adds company background, details on potential bidders, analyst comment, Molson Coors closing share price) (more…)
Beer enthusiasts are toasting the Alabama Legislature for passing a bill that they hope will lead to a resurgence of brew pubs and the opening of more breweries. (more…)
Thousands of public events across Europe depend heavily on sponsorships by European brewers and could be in danger amid ongoing scrutiny of such financial support that totals nearly €1 billion annually, according to a new study commissioned by The Brewers of Europe. (more…)
Craft Brewers Alliance, Inc. (CBA) /quotes/comstock/15*!hook/quotes/nls/hook HOOK -1.60% , an independent craft brewing company, has hired Andrew (Andy) Thomas to complement and enhance the company’s growth opportunities in providing quality craft beer and new beer experiences to consumers. In his role as the president of commercial operations, Thomas will be accountable for all sales and marketing activities at CBA and will report directly to CEO Terry Michaelson. Thomas recently served as a consultant for CBA. (more…)
Malt: still at the bottom Records of Federal Service of State Statistics show that in 2010 malt production decreased by 4% and comprised 1 011 thousand tons. Despite the decrease, this trend could be considered positive for malt manufacturers, as it denotes stabilization after a prolonged setback in production which was persisting since 2007. Taking into consideration poor harvest which resulted in malting barley deficiency and, at the same time, a perceptible increase in tradable malt output in autumn 2010, it is possible to suggest that there developed a balance between supply and demand. In 2010 beer production decreased to the extent, comparable with malt output, by 5%, but its slight growth is expected in 2011. At the time of writing, beer production was already showing signs of recovery, although the dynamics of the first quarter does not yet indicate any trends. The fact is that from September to December 2009 brewing enterprises required additional volume of malt, and at the beginning of 2010, due to the drop in production and negative expectations, large volume of malt was not necessary any more. It is obvious that this slight movement was connected with the fact that distributors stocked up on additional beer…
