Bar owners and customers in Manila on Thursday described their mixed views on tough-talking mayor Rodrigo Duterte’s plan to have a liquor ban in the Philippines once he becomes president. (more…)
Crowds at a Tasmac outlet ahead of dry days is not something uncommon.
“This time, however, there is a lot of talk among our customers about what will happen after the elections,” said a salesperson at a Tasmac outlet in Adyar. (more…)
According to Baltika, over the first quarter of 2016, the company has enjoyed the leadership. In the sliding market the volume share of Baltika increased by 1.7% in the first quarter of 2016 against the fourth quarter of 2015 and amounted to 35.1%*. (more…)
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…)
Conglomerate San Miguel Corp.’s first quarter net profit surged by 122 percent year-on-year to P13.5 billion on the back of robust food, beverage and packaging businesses plus higher revenues from its power and infrastructure units. (more…)
Carlsberg A/S, the maker of Tuborg beer, reported first-quarter sales that disappointed investors as it offered a gloomier outlook for eastern Europe and Asia. (more…)
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…)
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…)
According to the Ministry of Industry and Trade of Vietnam, over the last four months, the beer production in the country has come 5.8% up versus the same period the previous year. (more…)
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…)