Troubled tycoon Vijay Mallya may offer his shares in United Breweries (UBL) to partner and Dutch beer giant Heineken to generate cash for a possible settlement with lenders of the defunct Kingfisher Airlines. If the lenders respond positively, the latest development offers Heineken a clear opportunity to gain controlling ownership of UBL, the largest domestic brewer and the last big Indian company which Mallya helms. (more…)
Two of Myanmar’s best-loved beer brands, Tiger and ABC Extra Stout, were officially returned to Dutch beer-maker Heineken yesterday after years under the ownership of local giant Myanmar Brewery. (more…)
Bihar will join the select list of states practising complete or partial prohibition with the ban on country liquor coming into force on Friday as part of chief minister Nitish Kumar’s poll promise to stop sale of alcohol. (more…)
While Law on Special Consumption Tax (SCT) and the Regulation on increase in the excise tax prepare for consideration at the meeting of the National Assembly 13, the brewers are actively seeking to postpone the entry into force of these two documents. (more…)
Amid speculations that Heineken could take control of Vijay Mallya-led United Breweries Ltd, the Dutch beer maker today said its increasing stake in UBL to 43 per cent recently will not result in any changes in Indian brewer’s governance structure. (more…)
Philippine conglomerate San Miguel Corp plans to raise another 15 billion pesos ($324.92 million) through preferred shares or corporate notes in the first half of the year to refinance debts, company officials said on Wednesday. (more…)
Suppliers of advertising materials, on-packs, and point-of-sales solutions, external and internal advertising and brand-oriented catering/restaurant supplies as well as promotional ideas and services are just at the right place at drinktec, and this also applies to those interested in these product segments. Marketing and sales promotion are focal topics of drinktec 2017, the World’s Leading Trade Fair for the Beverage and Liquid Food Industry, which will take place in Munich from September 11 to 15, 2017. (more…)
Budweiser is enjoying an unlikely source of growth in Russia’s declining beer market, even as the all-American brand continues to struggle at home. (more…)
Businessman Vijay Mallya on Wednesday offered his debtor banks Rs. 4000 crore as partial settlement of his dues, even as he confirmed in the Supreme Court that he does not want to come home yet due to “surcharged atmosphere” against him fuelled by media reports. (more…)
According to Tsingtao annual report, the sales volume of beer reached 84.8 million hl in aggregate in 2015, the revenues reached RMB27.635 billion, and the net profit attributable to shareholders of the company reached RMB1.713 billion. (more…)
