Anheuser-Busch InBev Wednesday announced the termination of a joint venture in a Chinese brewery between SABMiller and China Resources Beer.
China Resources Beer will buy SABMiller’s stake in the Beijing-based CR Snow brewing company for $1.6 billion. The sale clears the way for the completion of AB InBev’s takeover of London-based SABMiller. (more…)
The family of the late Burmese composer Myoma Nyein is preparing a lawsuit against Denmark-based Carlsberg Brewery Company for their use of his Burmese song title on their product, Tuborg beer. (more…)
Immediately after China Resources Group bought 49% of the shares of SABMiller, there was a message about changes of personnel at CR Snow. (more…)
Top state-run lender State Bank of India (SBI) has sought arrest of Vijay Mallya, and also impounding of his passport, as the bank approached Debt Recovery Tribunal (DRT) seeking action against the UB Group promoter for defaulting on loans. (more…)
China’s top brewer could start acquiring smaller competitors to cement its leading position in the Chinese beer market, after buying out venture partner SABMiller Plc and taking full ownership of the world’s best-selling Snow beer. (more…)
The government should increase taxes on alcohol just as it has done with cigarettes in order to discourage new drinkers, the Centre for Alcohol Studies says. (more…)
Consumers will now have to pay more for beers with a higher alcohol content.
There will be no cheers from drinkers now that a revised excise duty, calculated according to the alcohol level in beverages, has been introduced. (more…)
Officials of the Food Safety Department on Wednesday seized more than 1,300 bottles of expired beer from the State Beverages Corporation outlet at Edappally. (more…)
In the last few years, the brewing industry in Ukraine is in a difficult situation. According to Evgeny Shevchenko, the CEO of Carlsberg, on the whole, in 2015 the production of beer in Ukraine fell by 17% to 193 million liters due to the increase of the tax burden and decrease of the purchasing power of the Ukrainians. (more…)
China Resources Beer (Holdings) Co. agreed to buy out the remaining stake in its Chinese venture with SABMiller Plc for $1.6 billion, smoothing the way for a takeover of its partner by Anheuser-Busch InBev NV. The Chinese brewer’s shares jumped. (more…)
