Feb 13 San Miguel Corp has decided to keep its $500 million controlling stake in an unlisted bank, opting to pursue growth in the sector instead of exiting due to lack of presence, the president of the Philippine conglomerate said on Friday. (more…)
After defending the State’s liquor policy, Natham R. Viswanathan flagged off an anti-liquor awareness rally. (more…)
The warming in the provinces of Nghe An and Ha Tinh has caused an increase in demand and prices of beer. The retailers managed to sell existing stocks of beer during the three-day celebration of the Tet (New Year). (more…)
In less than a decade of its entry, Danish brewer Carlsberg has turned profitable in the Indian beer market, posting its first profit in the October-December quarter on the back of rising demand for its strong beer brands. (more…)
Delhi-based Indulge Beverages brand Bonhomia has raised $1 million in angel funding from HNI’s lead by Alok Rawat, president of FGWilson and an early investor in Grey Orange Robotics as well as Neeta Mirchandani from Kae Capital and Kanwaljit Singh, the founder of Fireside Ventures among others. (more…)
Asahi Group Holdings’ move into Europe shows how eager Japanese drinks groups are to expand beyond a shrinking domestic market. (more…)
Communist Party of India (CPI) State secretary Kanam Rajendran has questioned the sincerity of the Congress in implementing its liquor policy as the same party was busy sanctioning hundreds of bars in neighbouring Karnataka. (more…)
After a period of lull, the Tamil Nadu State Marketing Corporation Limited (Tasmac) has witnessed a spurt in liquor sales across the State. (more…)
Small breweries are taking away the share of transnational companies, writes the Russian business newspaper Kommersant. (more…)
Japan’s Asahi Group Holdings is diving into Europe in hopes of instantly enlarging its presence in an ever-consolidating global beer market.
The purveyor of Super Dry has offered to buy not one but four brewers and beer distributors owned by SABMiller for a total of 2.55 billion euros ($2.85 billion), it said on Wednesday. (more…)
