Russia takes first step to curb strong beer sales
Russia has passed an early reading of a bill aimed at restricting sales of strong beer in a move that could hit brewers for a second time following a hike in excise duties last year. (more…)
Molson Coors Employees Vote For Contract
Unionized Molson Coors employees in Montreal have voted 75 percent in favour of a seven-year collective agreement with the beer maker. (more…)
Mythos Brewery targets export growth in US, England
Greece’s Mythos Brewery, a subsidiary of Denmark’s Carlsberg, is aiming at boosting exports this year by 40 percent year-on-year in a bid to offset falling volume sales at home arising from lower consumption and a drop in tourism arrivals. (more…)
Erdinger Alkoholfrei Beer a sports drink for athletes
A BAVARIAN brewmeister is touting its no-alcohol beer as the latest sport drink for athletes, handing it out at the finish line of sporting events and touting its regenerative benefits (more…)
Russia. Summary of Baltika’s performance in 2010
2010 was a unique year for the Russian brewing industry. At 1 January 2010, the excise duty on beer with 0.5-8.6% ABV was raised by 200%. Baltika minimized the volume impact from the substantial excise duty increase through our pricing strategy of gradual price increases throughout the year, recovery of the market dynamics in the second half of 2010. (more…)
UK. Younger drinkers ‘turning to ale’
Sales of ale – traditionally favoured by older drinkers – are soaring among younger men and women, according to a retailer. (more…)
Carlsberg Group: Financial statement as at 31 December 2010
The Carlsberg Group delivered strong performance in 2010 in spite of the significant impact from the increase in Russian excise duties, which affected the beer market in Russia extraordinarily in 2010. (more…)
Carlsberg Quarterly Profit Misses Estimates on Costs, Russian Sales Drop
Carlsberg AS, the owner of Russia’s biggest brewer, reported fourth-quarter profit that missed analysts’ estimates as the cost of beer ingredients rose and sales in the country declined. (more…)
Sapporo May Spend $1.5 Billion for Acquisitions to Expand Outside Japan
Sapporo Holdings Ltd., the Japanese brewer seeking to expand in North America, plans to spend as much as 125 billion yen ($1.5 billion) on acquisitions and partnerships over a four-year period. (more…)
US. Michigan’s beer boom: For craft brewers, the glass isn’t just half-full, it’s overflowing
While the state’s unemployment rate stood around 12 percent entering this year, breweries, microbreweries and brew pubs from West Michigan to Detroit to Bellaire and Bay City are adding jobs, increasing production and investing in expansions and renovations totaling more than $70 million. (more…)