Budweiser is getting a new look as its parent company tries to revive weak sales in the U.S. (more…)
Asahi Group Holdings Ltd. (2502.TO) said Tuesday that its net profit for the interim period ended June 30 grew 4.7% from the previous year, in part due to lower expenses. (more…)
MillerCoors CEO Blames Bad Weather, Weak Economy for Sales Drop While Analysts Point to ‘Strategy,’ ‘Marketing Front’ (more…)
SABMiller plc, the world’s second biggest brewer, has plans to start construction of a new brewery in northern Namibia soon.
* Danish brewer forms joint venture to expand China business
* It will own 30 pct of new J/V with Chinese partners
* New company will operate 12 breweries in China (Adds details, quote, share price) (more…)
Asahi Group Holdings Ltd. (2502) said Tuesday that it will sell its entire 55% interest in China’s Hangzhou Xihu Beer Asahi Co., or Hangzhou Beer, due to a disagreement with its local joint venture partner.
Molson Coors Brewing Co. found that higher prices were not enough to offset weak beer sales and increased costs for fuel and ingredients in the second quarter. The maker of Coors Light, Keystone Light, Carling and other beers reported Tuesday that its net income fell 6 percent, missing analysts’ expectations. (more…)
After years of shipping beer farther and farther away, many small brewers are now shrinking distribution to sell beer more profitably at home. The strategy reflects the nation’s growing thirst for boutique beers from independent breweries that simply can’t produce enough to meet the demand of a larger market — so they’re putting local customers first. (more…)
The number of UK drinkers trying real ale has risen by 40% since 2006, with more than 200 new breweries opening in that time, says the Campaign for Real Ale (CAMRA). (more…)
Beverage giants Carlsberg and SABMiller have announced plans to expand further in the Chinese beer market. (more…)