Carlsberg aims to strengthen position in India – CEO

Carlsberg aims to strengthen position in India – CEO
An employee works at a line bottling beer at Carlsberg brewery "Baltika-Pikra" factory in Krasnoyarsk, January 10, 2013. REUTERS/Ilya Naymushin/Files
  • Reading time:3 min(s) read

Danish brewer Carlsberg said on Wednesday it swung to a pretax loss of 1.73 billion Danish crowns ($261.8 million) in 2015 after it booked impairment and restructuring charges of around 10 billion crowns, mainly in the third quarter. (more…)

5 Things to Know About Chinese Consumers

  • Reading time:3 min(s) read

The world is watching a slowing China and is increasingly concerned that China’s consumers are about to close their wallets. A new report from consultancy McKinsey & Co. says that won’t likely be the case. Here are five takeaways from the report, which surveyed 10,000 consumers, ages 18 to 65, across 44 Chinese cities. (more…)

India. Tasmac Tries to Buy Time to Identify, Shift Outlets Near Temples and Schools

  • Reading time:3 min(s) read

The Tamil Nadu State Marketing Corporation (TASMAC) has assured the first Bench of Madras High Court that it would collect data on location of its retail shops in the State and identify those near places of worship or educational institutions in six months and shift those outlets to other permitted places in another six months. (more…)

Vietnam. Beverage companies seek tax delay

  • Reading time:3 min(s) read

Beverage companies seek to delay until the beginning of 2017 the application of amended regulations on calculating their special consumption tax, claiming they need more time to adjust their production plans. (more…)

Heineken eyes control of indebted Indian tycoon’s brewery

Heineken eyes control of indebted Indian tycoon’s brewery
Bottles of beer are seen on an assembly line during the opening ceremony of the Heineken Beer factory outside Yangon July 12, 2015. REUTERS/Soe Zeya Tun
  • Reading time:4 min(s) read

Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India’s largest brewer, three people with direct knowledge of the plan told Reuters. (more…)

India. Liquor set to become cheaper in Punjab

  • Reading time:1 min(s) read

The Punjab council of ministers on Tuesday approved the state’s excise policy for 2016-17, increasing the excise revenue target by Rs 400 crore from Rs 5,040 crore in the outgoing fiscal 2015-16. (more…)