India. Heineken may soon take management control of UBL
Heineken International BV is likely to buy out Vijay Mallya and PAC stake in United Breweries at Rs 920/share, sources say. (more…)
Singapore. Fraser and Neave’s net profit up 34% to $25.5m in Q1
A security guard walks past a logo of Fraser and Neave Limited at its office building in Singapore January 21, 2013. Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close. REUTERS/Edgar Su (SINGAPORE - Tags: BUSINESS LOGO)
Thanks to higher dairies revenue.
Fraser and Neave reported that its net profit from continuing operations jumped 34% to $25.5m in the first quarter, boosted by a staggering 92% surge in profits from its Dairies segment. (more…)
Myanmar. Beer Brands Return to Heineken from Military-Owned Brewery
Two well-known beers, Tiger and ABC Stout, are returning to their mother company after two decades with the military-backed Myanmar Brewery, Heineken announced on Wednesday. (more…)
India. Tasmac shops have plundered common man’s wealth in Tamil Nadu
Increasing sale of liquor through State-run retail shops is one issue that has affected every family in Tamil Nadu, Pattali Makkal Katchi’s Chief Ministerial candidate Anbumani Ramadoss said on Wednesday. (more…)
Singapore. Splurging billions on Peroni and Grolsch may not be the smartest move for F&N
Expanding in the ASEAN might make better sense.
Analysts are wary over Fraser and Neave’s involvement in the EUR3 billion sale of premium European beer brands Peroni and Grolsch. (more…)
Vietnam. Masan’s sales jump 90%, profits up 24% to $113m
Masan Group Corporation yesterday reported a revenue of VND30.6 trillion (US$1.37 billion) in 2015, as an increase of 90 per cent over the previous year, in HCM City. (more…)
India. United Breweries: the beer drought ends
UB’s Ebitda rose by 50.8%, even after accounting for increases in expenses on salaries, promotions and other expenses.
Beer guzzlers went on a binge in the December quarter. What prompted this is not really known, but the industry is not complaining. Sure, there was a low base effect, but not enough to explain the 13% increase from a year ago in the beer industry’s growth. (more…)
Myanmar Beer – Fighting the Foreign Invasion
The local favorite Myanmar Beer still controls much of the market, but a flood of foreign beers are tapping into a consumer base thirsty for new choices. (more…)
British businessman finds China welcoming market for agri-food education, beer
When President Xi Jinping shared a pint of beer with British Premier David Cameron at a Buckinghamshire pub during his state visit in October, the gesture reverberated across the continents. It stirred curiosity about beer and flushed some business owners with cash. (more…)
AB InBev gets “Competition Commission of India” nod to acquire SABMiller
Breweries major AB InBev has received fair trade regulator CCI’s approval to acquire its close rival SABMiller for about 71 billion pounds. (more…)