UK. Why is alcohol consumption falling?
Despite new evidence that more people are being treated in hospital for excessive drinking, the overall trend is that we are drinking less as a nation. Why? (more…)
Plzensky Prazdroj to open a new PET bottle line
Plze?sk? Prazdroj will be investing CZK 150 million in a new PET bottling line at its Plze? brewery. The line will be located in Prazdroj’s Plze? brewery in the current packaging hall, and its maximum capacity will be 18,000 bottles per hour. (more…)
Falling beer sales dent Foster’s result
Foster’s Group has blamed falling beer sales and the strength of the Australian dollar for a drop in its half-year profit. (more…)
Czech Republic: Beer output in 2010 the lowest since 1989
The output of Czech breweries sank by 8 percent to 17.1 million hectolitres, the lowest amount since 1989, according to preliminary estimates (more…)
Kirin to sell Dalian brewery stake to AB Inbev
Kirin Holdings (2503.T) will sell its entire 25 percent stake in Dalian Daxue Brewery to Anheuser-Busch InBev (ABI.BR) (more…)
Foster’s to cast off wine; beer profit disappoints
Foster’s Group (FGL.AX), Australia’s largest brewer, pushed ahead on Tuesday with plans to split its beer and wine businesses, but it risked dampening bidder appetite for either unit by also reporting soft first-half profits. (more…)
Belgium: Anheuser-Busch InBev starts US$8bn debt exchange
Anheuser-Bush InBev has begun converting US$8bn of its debt to freely tradable notes. (more…)
UK. Pub chains: January better than expected
The Coffer Peach Business Tracker, which monitors sales performance across 18 major pub and restaurant operators, including Mitchells & Butlers, Whitbread, Pizza Hut, Punch Pub Co, Gondola and Tragus, reported like-for-like sales up 10.7% in January on last year. Total sales, including new openings, were up 11.4%. (more…)
Cheers to Pinsents and TLT as they guide Molson Coors brewery deal
Pinsent Masons and TLT Solicitors have been toasting their success after winning mandates on the ?20m sale of Cornwall-based Sharp’s Brewery to Molson Coors. (more…)
Vietnam. Thirsty drinkers make beer market sparkle
Roughly 2.38 billion litres of beer was consumed in 2010, an increase of 19.8 per cent compared with 2009. Domestic beer consumption in 2011 is expected to reach 2.8 billion litres, according to Ministry of Industry and Trade (MoIT). (more…)