MillerCoors Reports Challenging Third Quarter

  • Reading time:5 min(s) read

SABMiller plc (SAB.L) and Molson Coors Brewing Company (NYSE: TAP; TSX) reported that MillerCoors third quarter underlying net income, excluding special items, decreased 14.1 percent to $286.9 million versus the third quarter 2010, driven by a weak economy, low consumer spending and commodity inflation. (more…)

Premium Chinese beer a bitter brew for foreign brands

  • Reading time:6 min(s) read

Chinese brewers are making an aggressive push into premium beer, lured by high margins and huge growth potential, posing a tough challenge to the foreign companies that dominate the category in the world’s largest beer market. (more…)

SABMiller launches first ever cassava lager in Mozambique

  • Reading time:4 min(s) read

SABMiller plc (SAB.L), one of the world’s largest brewers, today announces the launch of the first ever commercial-scale cassava-based beer. The beer, ‘Impala’, will be brewed in Mozambique by SABMiller’s local subsidiary, Cervejas de Mo?ambique (CDM). (more…)

US. Otter Creek Brewing Co. Acquires The Shed Brewery

  • Reading time:2 min(s) read

Otter Creek Brewing Co, LLC of Middlebury, Vermont is pleased to announce that an agreement is in place with Ken and Kathleen Strong, the founders of the legendary The Shed Restaurant in Stowe, VT- to have Otter Creek Brewing acquire The Shed Brewery and the award winning Shed brand family of ales. (more…)

US. Craft beer is about going local, but it’s also about going creative

  • Reading time:9 min(s) read

What The Faker said: You don’t have to be a connoisseur to enjoy the cornucopia that is the craft beer “revolution.” It’s that time of year to hoist the horn of plenty and celebrate its diversity in offering something for just about every taste, leaving no excuse for those who may feel they just want to throw up their hands when the choices overwhelm. (more…)

Heineken N.V. to propose changes to Supervisory Board

  • Reading time:2 min(s) read

Heineken N.V. announced today that it will propose to the Annual General Meeting of Shareholders (AGM), to be held on 19 April 2012, to appoint Mr Hans Wijers as member of its Supervisory Board for a four year term. (more…)

US. Boston Beer Q3 beats Street view

  • Reading time:1 min(s) read

* Q3 shr $1.19 vs est $1.10
* Q3 rev $134.8 mln vs est $131.9 mln
* Raises FY11 EPS outlook to $3.60-$3.90/shr vs prior
$3.20-$3.60/shr (more…)