China. April 2016 saw price cut for beer and wine after “holiday” price rise

  • Reading time:2 min(s) read

Despite the market premiumization, Chinese producers speak about, beer and wine, on the contrary are experiencing price fall.

According to Price monitoring center of National Development Commission People’s Republic of China, in April 2016, the average prices for beer in bottle of 630 ml decreased by 0.68% against March and returned to the figures of the year beginning. (more…)

India. ED plans to freeze Vijay Mallya’s shares in listed companies

  • Reading time:2 min(s) read

As per sources, Enforcement Directorate is planning ways to ensure that transactions such as the one industrialist Vijay Mallya struck with Diageo for Rs 500 crore does not take place in future. ED will shortly ask national depositories to freeze the shares owned by Mallya in listed companies. (more…)

Magners set for China as C&C eyes Africa and Asia growth

  • Reading time:3 min(s) read

C&C, the owner of the Bulmers/Magner cider brand and Tennents lager, will soon enter the Chinese market, after it signed a distribution deal for the world’s most populous country.

The company, which on Wednesday reported a fall of 10 per cent in operating profits in the year through February, is eyeing further growth in its international division, where sales rose last year by more than 12 per cent. (more…)

The 10 best-selling beer brands in the world

  • Reading time:5 min(s) read

The global beer market is on track to generate $688.4 billion in sales by 2020. So, in having just a couple of percentage points share of this market, a beer brand can be hugely lucrative. (more…)

India. Summer effect: beer, liquor sales up in Vijayawada

  • Reading time:2 min(s) read

High temperatures during March and April left the people of the district in torrid weather but the same has contributed to abnormal rise in sale of beer and liquor.

Scorching temperatures and sale of booze are always directly proportional and the same has been proved by the tipplers who consumed as many as 5,57,580 cases of liquor and beer worth Rs. 132.20 crore during April alone this year. (more…)

Carlsberg’s Q1 sales hit by China decline, currency headwind

  • Reading time:2 min(s) read

Danish brewer Carlsberg A/S on Wednesday said sales fell more than expected in the first quarter due to decline in the Chinese market and foreign exchange fluctuation.

Sales fell 3 percent to 13.01 billion Danish crowns ($1.99 billion), missing the 13.18 billion crowns average of 14 analyst estimates compiled by Thomson Reuters. The negative impact from foreign exchange amounted to 5 percentage points, the brewer said. (more…)