Earnings Preview: Molson Coors
Molson Coors Brewing Co. is expected to update investors on the global beer market and commodity prices when it reports its second-quarter results before the stock markets open Tuesday. (more…)
China Resources to buy domestic retailer for $573 mln
China Resources Enterprise Ltd , the country’s biggest supermarket operator and top beer maker, said on Friday it plans to buy domestic retailer Jiangxi Hongkelong Department Store for 3.69 billion yuan ($573 million). (more…)
Foster’s does not rule out takeover talks with SABMiller
* CEO Pollaers says SABMiller offer was too low to bother with
* Says rejection of SABMiller bid did not mean it would not engage in talks
* Foster’s rebrands beer business, tweaks name
* Shares trading barely above SABMiller’s rejected offer (Adds analyst quotes, details) (more…)
Germans brew more beer for first time since 2007
Warm weather and a strong export market in the first six months of the year have helped German brewers reverse a long decline in beer production. (more…)
Heineken to take competitor to court over a barrel
Dutch brewer Heineken said on Thursday it would take a rival company, headed by one of its former employees, to court over the use of its barrels, in the latest spat between the two companies. (more…)
A breakthrough decision of the Milan Court of Appeal is opening the door for the Budweiser Budvar brand back on the Italian market
The Italian Court of Appeal in Milan supported the Italian importers of the Budweiser Budvar brand in its ruling. The dispute originated in 2001 by the legal action brought by Anheuser-Busch Inbev (hereinafter referred to as ABI) and its Italian representative Birro Peroni Industriale S.P.A. against Budweiser Budvar for alleged unfair competition and breach of rights to their trademarks of “Budweiser“, “Bud“ and similar by importing beer of the “Budweiser Budvar” brand to Italy and selling it there. (more…)
Budweiser Budvar increased its gross profit by 7% last year
Budweiser Budvar, N.C. has made its audited economic and business results for 2010 public today. Due to a difficult situation on the beer market the beer sales decreased by 5.2% last year. This slump was, however, fully compensated by efficient purchases of material and services, reduction of inefficient overhead costs, forex securing against the strengthening Czech koruna as well as many other precautions. Owing to that Budweiser Budvar’s last year economic results before taxation noted a year-on-year increase of 7%, reaching an amount of CZK 220 million. (more…)
US. Trouble brewing for beer as hops, barley prices increase
Beer lovers could be tapped to dig deeper into their wallets at the store this fall as production costs increase and breweries struggle to stay afloat. (more…)
US. Upland Brewery announces $3 million expansion
Upland Brewery, a Bloomington-based brewery, announced plans for a $3 million expansion of its brewing facilities after much growth during the past few years. (more…)
Ambev vs. Anheuser-Busch: A Primer on Retained Earnings
In my last article, I recommended Brazilian beermaker Ambev (ABV). In the comments section an argument was made that Ambev’s parent company Anheuser-Busch InBev (BUD) was in fact the better beer buy. The concern generally centered on Ambev’s growth prospects and hence its valuation. (more…)