The trend of complication of Russian beer market is going on and in several directions at the same time. The range has got wider, the import and small segments are growing, namely craft beer, alcohol-free beer and special flavor beer. At the same time, all ex-mega brands and light lagers by Russian brewers are experiencing a decline of their shares. AB InBev Efes, Heineken, MBC and Pivzavod Trekhsosenskiy have exceeded the market, Carlsberg was developing slower than the market and Ochakovo as well as some other mid-sized breweries have been cutting down their volumes. To a big extent brewers’ performance was connected to their ability to reach agreement with networks, sacrifice their margin and enter new markets. Craft brewers are facing a serious danger of producers’ registration introduction – de facto licensing. ...
The global outlooks of the legal market of cannabis are excellent. It is possible to simultaneously imagine dry law repeal and craft brewing boom but not in one but in several consumer categories. For alcohol is contained in liquids and cannabis derivatives can be in three physical forms.The value of legal market of cannabis and its products can reach 10% of the world beer market in five years, and in 2030-2040 even reach the same scope provided the current rates of legalization and development of market infrastructure remain at the same level. Cannabinoids are actively integrating into the food industry from chewing gum to beverages deforming the pharmaceutical and alcohol markets, they influence the trends of healthy lifestyle and beauty. ...
Beer market of Kazakhstan acquired both traits of East European countries and South Eastern Asia taking a transitional position between them by many criteria and consumption style. Yet there is a positive trend in beer production which differs Kazakhstan from most of the neighboring countries. The market has remained consolidated in the hands of two international players because of its small size. However, it faces dynamic processes such as fast growth of draft beer sales, up and downs of regional companies and Carlsberg Group’s ultimate expansion. Excessive mainstream segment has declined over the recent years, yet, Zhigulevskoe and national brands with regional links have yielded their positions to a range of new products. In our review special attention was paid to regional analysis of the markets. In 14 regions of Kazakhstan we compared the companies’ positions, the market price segmentation and DIOT channel development. Besides we have compared the beer market of Kazakhstan to neighboring countries. ...
India. Banks to file objections to Heineken’s impleadment plea
"We will file objections to Heineken's application seeking impleadment in Vijay Mallya case, tomorrow," SBI Senior Counsel Nagananda submitted before DRT Presiding Officer C R Benakanahalli.
Heineken on June 18 had sought permission to implead itself in the case and enjoy the right of first refusal over the UBL shares.
Heineken has some presumptive rights on UBL shares held and owned by Mallya.
Right of first refusal is a contractual term between shareholders which are usually included in the Articles of Association.
If one shareholder wishes to dispose of shares that are subject to a right of first refusal (ROFR), it must first offer them to those other shareholders who have the benefit of ROFR.
Earlier, IDBI Bank pleaded to sustain its August 2015 order relating to attachment of 34 lakh equity shares of United Spirits Limited in the case, since Vijay Mallya's resortment to asset stripping has resulted in eroding of his networth. The IDBI Counsel also said that Mallya's liability to Kingfisher will have to be collected by gaining through the doctrine of reverse piercing because he has controlling interest in all companies and also is the chief promoter and controlling interest.
"Therefore, all his companies will have to be put on one platform and, Mallya has to be looked at as a common denominator and should be held responsible to settle dues of Rs 1,746 crore to IDBI," he argued.
Challenging the arguments, USL Counsel said Mallya cannot be looked at as common denominator and should be considered independently because the liquor baron is no way connected to USL.
Moreover, USL is not indebted to IDBI as it has cleared all the dues to them, including interests on loan and penalties thereof, he said.
The USL Counsel also questioned the reason for IDBI not make any reference to the clean chit given by the Punjab National Bank (PNB) to USL of clearing all dues.
"I ask myself, why IDBI is not making any submission of PNB giving no-objection certificate to USL, which had cleared all its dues," he contended.
USL Counsel also said Mallya cannot be looked at as common denominator and should be considered independently.
Countering IDBI argument, Srinivasan said "the plea of USL not to look at Mallya as common denominator is a pre-designed act by him to divest himself from accountability and run away to London."
Mallya, whose now-defunct group company Kingfisher Airlines owes over Rs 9,000 crore (Rs 90 billion) to 17 banks, had left the country on March 2 and is in the UK.
The beleaguered businessman has been declared a proclaimed offender by a special PMLA court in Mumbai on a plea by the Enforcement Directorate in connection with its money laundering probe against him in the alleged bank loan default case.
"The Bank hereby makes an humble submission to sustain attachment of 34 lakh equity shares of United Spirits Limited, since Mallya has resorted to asset stripping by resigning from every company, which has resulted in eroding of his net worth," IDBI Bank Counsel N V Srinivasan said.
Srinivasan also submitted that the eroding of his net worth is a violation of agreement between Kingfisher Airlines Limited and IDBI, because the former has to maintain its personal guarantor net worth.
Moreover, Kingfisher could avail loans because of Mallya's net worth in addition to other securities, Srinivasan submitted.
23 Июн. 2016