Here’s a bit of trivia: Over 30 years ago, Shangri-La established its first China property in the dreamy, ancient Chinese city of Hangzhou. Now, meet the Hong Kong-based group’s second 417-room property in this very city, the Midtown Shangri-La, Hangzhou. (more…)
2015 was not easy for the Chinese brewing industry. Beer sales continued to fall, and imported beer became more popular. (more…)
What makes the beer sector an exciting one to watch in 2016? From flavored beers to new breweries, here are some areas with promising potential. (more…)
Dutch beer giant Heineken has appointed investment bank JM Financial to help increase its stake and control in United Breweries in yet another sign that beleaguered liquor baron Vijay Mallya’s hold over the last big company of his once flourishing business empire is under threat. (more…)
After going dark for some months, the nation’s top alcohol regulator is back with more bad news.
Lao pan, those ubiquitous iced cocktail jugs sold at every festival and night market in Thailand? Illegal since 1950, Samarn Futrakul, the renowned prohibitionist who heads the alcohol control board, pointed out to reporters Sunday. (more…)
The Nielsen Company has released a report related to marketing research which covered six major cities of Vietnam. (more…)
A Hyderabad magistrate court has issued a non-bailable warrant (NBW) against UB Group chairman Vijay Mallya and A Raghunathan, chief financial officer of defunct Kingfisher Airlines, in an alleged cheating case. (more…)
Thai Beverage Public Company Limited had enjoyed growth in both sales and profit in 2015.
Without a doubt, the company’s Beer segment was the standout performer for the year, with revenue and sales volume increasing by 22.5% and 17.5%, respectively. The segment had also gained market share at the expense of the Leo brand of beer, a leading competitor to Thai Beverage’s own Chang beer brand. (more…)
The sale is part of the company’s attempt to ease regulatory approval for its merger with SABMiller, but did management let it go too cheap?
Anheuser-Busch InBev recenty announced the $1.6 billion sale of SABMiller’s stake in Chinese brewery CR Snow. The deal is part of AB InBev’s ongoing efforts to “proactively address regulatory considerations” in its bid to secure approval for its mega-merger. However, there was likely a deep sense of disappointment that the company couldn’t keep its ties to the Chinese brand. (more…)
Thailand is one of the largest alcochol markets in Southeast Asia, which amounts to 497 million litres. Beer occupies 62.93% of the total alcohol market. According to the Center for Alcohol Studies, Thais drinks 64.31 litres of alchohol drinks per capita over the year. (more…)