Global brewer under tax lens
Multinational brewer SABMiller will come under the close scrutiny of tax authorities in five African countries, including South Africa, next month. (more…)
SABMiller’s Wyman to retire, spotlight on CEO
Global brewer SABMiller Plc said its Chief Financial Officer Malcolm Wyman would retire at end-August to be replaced by internal candidate James Wilson, which is likely to throw the spotlight on when Chief Executive Graham Mackay decides to retire. (more…)
CWB reports global deficit in quality malting barley
The Canadian Wheat Board (CWB) on Thursday released its April 2011 Pool Return Outlook (PRO) for the 2010-11 crop year. (more…)
US. Brewers Supply Group acquires Crosby and Baker
Brewers Supply Group (BSG), the industry leader in distribution of brewing ingredients to the North American Craft Brewing Industry, has acquired one of its competitors, Crosby and Baker Ltd. The deal becomes effective on May 1, 2011. (more…)
Denmark. Royal Unibrew’s “positive earnings trend continues” in Q1 2011
Royal Unibrew reported its revenue — measured organically — declined in Q1 by just below 1% primarily because Easter is in Q2 in 2011, whereas in 2010 it was in Q1. (more…)
Foster’s demerger of Treasury Wine Estates approved by shareholders
Foster’s Group Limited announced that Foster’s shareholders approved the demerger of Treasury Wine Estates Limited on Friday. Foster’s will now seek orders from the Supreme Court of Victoria for approval of the scheme of arrangement to effect the demerger at a hearing scheduled for Wednesday, 4 May 2011. (more…)
Ethiopia Says Heineken to Acquire Two State-Owned Breweries
Heineken NV, the world’s third-largest brewer, will buy two Ethiopian state-owned beer makers for 2.7 billion birr ($160 million), the Horn of Africa country’s privatization agency said. (more…)
US. Mountaineer Brewing Company to be Sold
West Virginia’s most widely known craft brewery is up for sale. The Mountaineer Brewing Company closed its doors a few weeks ago; now the owner is looking to sell the business. (more…)
Speculation mounts that Foster’s beer assets may be lost in foreign takeover bid
Speculation is intensifying that a foreign predator could swoop on one of Australia’s best-known companies – Foster’s – now the demerger of its beer and wine businesses is almost complete. (more…)
US. Senate OKs self-distribution for craft beer brewers
Local brewer Chris Trudeau was ecstatic to hear that the Illinois Senate passed a measure Tuesday designed to allow craft brewers to self-distribute limited quantities of beer. (more…)