The world is watching a slowing China and is increasingly concerned that China’s consumers are about to close their wallets. A new report from consultancy McKinsey & Co. says that won’t likely be the case. Here are five takeaways from the report, which surveyed 10,000 consumers, ages 18 to 65, across 44 Chinese cities. (more…)
The Tamil Nadu State Marketing Corporation (TASMAC) has assured the first Bench of Madras High Court that it would collect data on location of its retail shops in the State and identify those near places of worship or educational institutions in six months and shift those outlets to other permitted places in another six months. (more…)
According to Rosstat, in January 2016 beer production in Russia decreased by 0.4% to 40.6 million decalitres. (more…)
Boards of United Breweries, Sanofi India and Bayer CropScienceBSE 0.21 % — all chaired by Vijay Mallya — have not yet seen any revolt against the beleaguered business tycoon almost two weeks after he left the country even as lenders initiates loan recovery proceedings against him. (more…)
Beverage companies seek to delay until the beginning of 2017 the application of amended regulations on calculating their special consumption tax, claiming they need more time to adjust their production plans. (more…)
Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India’s largest brewer, three people with direct knowledge of the plan told Reuters. (more…)
According to Hebei News portal, recently the brewing company Anheuser-Busch InBev has put into operation a new brewery in Baoding, Hebei province, with a capacity of 250 000 tons of beer a year. The investments in the brewery amounted to 760 million yuan. (more…)
The Punjab council of ministers on Tuesday approved the state’s excise policy for 2016-17, increasing the excise revenue target by Rs 400 crore from Rs 5,040 crore in the outgoing fiscal 2015-16. (more…)
Here’s a bit of trivia: Over 30 years ago, Shangri-La established its first China property in the dreamy, ancient Chinese city of Hangzhou. Now, meet the Hong Kong-based group’s second 417-room property in this very city, the Midtown Shangri-La, Hangzhou. (more…)
2015 was not easy for the Chinese brewing industry. Beer sales continued to fall, and imported beer became more popular. (more…)
