Global brewer SABMiller is set to renew its assault on Australian bid target Foster’s later this month with a slightly higher offer likely to succeed after rival bidders fail to appear, bankers and investors. (more…)
Two senators visited craft brewers on Tuesday, August 8th, bringing attention to the proposed Brewer’s Employment and Excise Relief Act (S. 534). The Senators recognize the bill as a way to create jobs, and support “Main Street” businesses which help to keep money in local communities and states. (more…)
* Group Q2 results on Aug 11 at 0600 GMT
* Core Q2 profits expected to rise 11 percent
* Beer volumes seen flat, after Q1 drop (more…)
The UK tax duty reduction on reduced alcoholic beer will not have a strong impact on the beer industry, at least not in the short-term, according to Euromonitor. (more…)
Major retailers are stepping up efforts to compete with leading beer manufacturers by developing and marketing low-priced house-brand beer. (more…)
Soft drink supplier Coca-Cola Amatil (CCA) says it will re-enter the beer market despite having to give up its beer operations if SABMiller succeeds in taking over Foster’s Group. (more…)
A judge has ordered the temporary suspension of a $2.53 billion deal that would give Japan’s Kirin Holdings Co. a controlling stake in Brazilian beer producer Schincariol. (more…)
Major breweries in Britain have plans to develop low-alcohol beers, following a new government measure to cut down duty on low-alcohol beers, which is set to be implemented this October. (more…)
Dollar growth up 15% in first six months of 2011; U.S. sees rapid growth in breweries in planning (more…)
Japan’s Kirin Holdings Company on Friday reported the impact of the Great East Japan Earthquake, which struck on March 11, continued to place downward pressure on the Japanese economy during the first six months of this year, especially in production. Despite the harsh conditions continuing though, constraints on the supply side have been gradually easing and consumer spending is bottoming out, the company said. (more…)
