Chinese Beer Drinkers Reject Heineken’s “Bitter Taste”

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In what should prove a cautionary tale for those hoping to ride the rise of China, Dutch beer giant Heineken International is in full retreat from its operations in the country, the world’s biggest beer market (the U.S., despite its Homer Simpson-esque reputation, is a distant second). (more…)

SABMiller sees Europe and U.S. tough after H1 miss

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Brewing giant SABMiller Plc narrowly missed forecasts with an 11 percent rise in half-year earnings on Tuesday and cautioned that trading in Europe and North America will stay tough as its input costs ticked higher. (more…)