The beer-making industry is generally characterized by steady and predictable growth, yet this year major brewers have had a tough time meeting expectations so far. The sector has been slow to recover in the wake of the financial crisis. In the first quarter, three of the four major U.S. beer-makers failed to meet their target earnings per share. (more…)
Molson Coors Canada has launched the Six Pints Specialty Beer Co., a new stand-alone segment targeted at the craft and specialty beer industry. (more…)
Brewers operating in the African market still have a lot of room for future growth as beer consumption on the continent is still far from saturation levels. (more…)
A new global campaign for Pilsner Urquell will launch today aiming at celebrating the history of the brand. (more…)
Molson Coors Brewing Company announced that its Board of Directors has increased the quarterly dividend on its Class A and Class B common shares by 14%, or $0.04, to US$0.32 per share, payable June 15, 2011, to shareholders of record on June 6, 2011. (more…)
Lion’s Canterbury brewery will not be opened again after the February 22 earthquake. (more…)
Carlsberg closes its famous Tetley’s brewery in Leeds on June 17. Nearly 190 years of brewing history in Leeds will come to an end when the brewery stops brewing and production of Tetley’s beer will be transferred to Marston’s-owned Banks’s brewery in Wolverhampton, Molson Coors’ brewery in Tadcaster and Cameron’s Brewery in Hartlepool. (more…)
Consolidated Breweries (CB) Plc may be at the verge of acquiring Benue Breweries Limited and Champion Breweries Plc if the planned acquisition of the majority shares of both brewers gets the approval of its shareholders, as it fetes distributors. (more…)
A bill designed to protect the state’s smallest craft brewers is poised for Gov. Pat Quinn’s approval, but not everyone is celebrating. The legal battle that led to legislative intervention has created problems for one popular brewery and has brewpubs wondering why they shouldn’t enjoy the same privileges as small breweries. (more…)
Anheuser-Busch InBev , the world’s largest brewer, will invest several hundred million dollars in China this year, a sharp increase over past investments, the China Daily reported on Saturday, citing the company’s chief executive. Carlos Brito, CEO of the Belgium-based company, did not disclose an exact figure but said the investment followed “impressive growth” in China last year. (more…)
