China. Former Marketing Director became the CEO of CR Snow
Immediately after China Resources Group bought 49% of the shares of SABMiller, there was a message about changes of personnel at CR Snow. (more…)
India. SBI Seeks Vijay Mallya’s Arrest, Seizure Of Passport
Top state-run lender State Bank of India (SBI) has sought arrest of Vijay Mallya, and also impounding of his passport, as the bank approached Debt Recovery Tribunal (DRT) seeking action against the UB Group promoter for defaulting on loans. (more…)
More Brewers in Sights After China Resources Snow Beer Buy
China’s top brewer could start acquiring smaller competitors to cement its leading position in the Chinese beer market, after buying out venture partner SABMiller Plc and taking full ownership of the world’s best-selling Snow beer. (more…)
Thailand. Activists demand big hike in booze taxes
The government should increase taxes on alcohol just as it has done with cigarettes in order to discourage new drinkers, the Centre for Alcohol Studies says. (more…)
Booze tax goes up in Malaysia
Consumers will now have to pay more for beers with a higher alcohol content.
There will be no cheers from drinkers now that a revised excise duty, calculated according to the alcohol level in beverages, has been introduced. (more…)
India. Expired beer bottles seized at Edappally
Officials of the Food Safety Department on Wednesday seized more than 1,300 bottles of expired beer from the State Beverages Corporation outlet at Edappally. (more…)
Ukraine. The beer market is falling, but sales of some companies continue to grow
In the last few years, the brewing industry in Ukraine is in a difficult situation. According to Evgeny Shevchenko, the CEO of Carlsberg, on the whole, in 2015 the production of beer in Ukraine fell by 17% to 193 million liters due to the increase of the tax burden and decrease of the purchasing power of the Ukrainians. (more…)
China Resources Beer gains more than 49% of China Snow
China Resources Beer (Holdings) Co. agreed to buy out the remaining stake in its Chinese venture with SABMiller Plc for $1.6 billion, smoothing the way for a takeover of its partner by Anheuser-Busch InBev NV. The Chinese brewer’s shares jumped. (more…)
In Singapore, Craft Beer Where You’d Least Expect It
Silhouetted against pastel-colored shophouses in the historic Chinatown district of Singapore, Daniel Goh leaned forward at a lime-green table on the second floor of the Chinatown Complex to take a break from his animated critique of the city-state’s rapidly developing craft beer scene. “The thing most people don’t know,” he said, “is that people used to come here to die.” (more…)
China Resources Beer gains SABMiller stake in China Snow at bargain price
China Resources Beer will pay $1.6 billion to buy out SABMiller Plc’s stake in their China Resources Snow Breweries venture, a much lower price than expected and sending shares in the state-backed firm soaring by a quarter in value. (more…)