Recession hangover as Romanian beer market shows no signs of frothing

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Romanians love their beer, especially on a scorching summer’s day, but so far it looks like not even the torrid weather will help brewers defy the droop of recent years. The local beer market fell by 3.5 percent in 2010 and another 2 percent in the first quarter of 2011, forcing local brewers to adapt to the sober new conditions. (more…)

Kirin buys control of Brazil’s Schincariol for $2.6 bln

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* Kirin pays 198.8 bln yen to get control of Schincariol
* Kirin buys Aleadri-Schinni, with 50.45 pct Schincariol stake
* Brazil No.2 beer maker could boost Kirin’s overseas strategy (Adds details, background)
(more…)

Foster’s CEO Says SABMiller Offer Was “So Far From Reality”

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The 9.6 billion Australian dollar ($10.54 billion) indicative bid Foster’s Group Ltd. (FGL.AU) received last month from rival brewer SABMiller PLC (SAB.JO) was pitched at a level where it wasn’t worth entering negotiations, the chief executive of the Australian company said Friday. (more…)

Foster’s raises a glass to friendship with renamed Carlton United Brewers

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Foster’s Group has relaunched its iconic beer business with a new name and brand identity as part of its renewed focus as a dedicated, world-class brewer and to celebrate beer’s meaning to Australians. Carlton & United Breweries, the business formed in 1907 through the unification of Foster’s Brewing Company, the Victoria Brewery, the Carlton Brewery and three other Melbourne breweries, has been renamed Carlton United Brewers. (more…)

Earnings Preview: Molson Coors

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Molson Coors Brewing Co. is expected to update investors on the global beer market and commodity prices when it reports its second-quarter results before the stock markets open Tuesday. (more…)

China Resources to buy domestic retailer for $573 mln

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China Resources Enterprise Ltd , the country’s biggest supermarket operator and top beer maker, said on Friday it plans to buy domestic retailer Jiangxi Hongkelong Department Store for 3.69 billion yuan ($573 million). (more…)