Woolworths is being trounced in hardware and beaten in supermarkets but its liquor business is still performing strongly, and has just struck an exclusive deal to sell the biggest beer brand in the world for the first time in Australia through its outlets. (more…)
Within the framework of the previously signed agreement, on January 28 Singha Asia Holding transferred $650 million of investment for purchasing shares of Masan Group. Of this, $600 million were transferred to pay 14.3% of the shares of Masan Consumer Holdings (MCH), and the remaining $50 million were for payment of 33% of the shares of Masan Brewery. (more…)
US private equity firm KKR has announced its full exit from Vietnamese portfolio investee Masan Group, in which it invested $359 million in two rounds. (more…)
Snow Beer, the biggest selling beer in the world, is now available to Australian consumers for the first time. (more…)
The world biggest drinks company is an unlikely victim of the slowdown in the Chinese economy, says Questor.
Diageo’s slight rise in sales yesterday was just enough to appease investors who have become impatient after two years of lacklustre performance. (more…)
According to Beer Industry Information Network, in 2015 the retail beer market increased by 5.4% and amounted to 51.65 billion litres. In monetary value, the retail sales increased by 12.5% and by the end of 2015 they are estimated at 450.244 billion yuan. (more…)
The government is considering increasing the duties on alcoholic beverages before the Chinese New Year.
According to a report in Sin Chew Daily yesterday, a 10% hike is expected in the duties for liquor and other alcoholic drinks. (more…)
Shares of liquor makers such as United Spirits and United Breweries fell in a listless trade on Wednesday on news that Goa is planning to ban consumption of alcohol in public places. Analysts said companies will not be impacted by this move but sentiment in these stocks was hit on worries that other states too, may impose restrictions on consumption of liquor. (more…)
Anheuser-Busch InBev NV will try to defy conventional wisdom and hold on to SABMiller PLC’sChina beer business CR Snow, according to two people familiar with the company’s plan. (more…)
The Ministry of Corporate Affairs has sent a notice to United Spirits Ltd, now majority owned by British liquor firm Diageo, asking why action should not be taken against the company, its former directors and officers, which include its chairman Vijay Mallya. (more…)