US. Firm unveils plans to build Iowa’s largest brewery
A brewery with one location in northeastern Iowa has announced plans to open the state’s largest brewing operation in Coralville next year. (more…)
SABMiller PLC’s Romanian Unit Invests over EUR 1.0 Million in New Brewery-SeeNews
SeeNews reported that the Romanian unit of SABMiller PLC will open a small brewery in the northwestern city of Cluj-Napoca in a week, following an investment of more than EUR 1.0 million (USD 1.4 million). (more…)
India. Carlsberg launches super premium strong beer
The world’s fourth largest brewer Carlsberg is positioning strong beer in the premium segment, a market so far restricted to mild beer. The Danish company will brew Carlsberg Elephant, a super premium beer to bet on strong beer which accounts for the lion’s share of the market. (more…)
Russia. Baltika Breweries share buy-back oversubscribed
On 20 June 2011, Baltika Breweries completed accepting registered share buyback applications. (more…)
US. Wisconsin Gov. Walker doesn’t veto beer provision
Wisconsin Gov. Scott Walker didn’t veto a controversial provision in the state budget that bans beer brewers from owning distributorships and taverns in the state. (more…)
US. Dick Yuengling Rewrites Family History
When Richard “Dick” Yuengling Jr. first took a job at his family’s brewery as a teenager, his grandfather’s secretary discreetly gave him this advice: “You ought to go out and do something else, because we’re barely making payroll.” (more…)
US. New ‘Sonic’ Will Sell Beer and Wine
Want a beer with that burger? Sonic Drive-In in Homestead, Florida will soon become the first of the chain’s 3,500 restaurants to offer beer and wine along with bacon cheeseburgers, chili dogs and cherry limeades. City Council members on Wednesday gave the chain approval to serve alcohol at the restaurant, located at 2425 NE Eighth St. in Homestead. (more…)
SABMiller Takeover of Foster’s Would Benefit Both Companies, Moody’s Says
SABMiller Plc (SAB)’s A$9.5 billion ($9.9 billion) takeover offer of Foster’s Group Ltd. (FGL) would benefit both companies’ earnings and help them cut costs if a deal is completed, according to Moody’s Investors Service. (more…)
Sector movers: SABMiller toasts management change, beverages higher
The beverages sector is going well today, helped by brewing giant SABMiller, famous for its Miller- and Peroni-branded lagers. (more…)
It’s all but cheers to Foster’s as global beer economics scales new heights
THE board of Foster’s Group awaits the next move in the multibillion dollar takeover battle for the country’s biggest beer company, two private equity operators are hoping some of the takeover dust comes their way as they crank up the search for a strategic partner for alcopop group Independent Liquor. (more…)