Myanmar. Tuborg turnaround for Carlsber
Carlsberg has caved to complaints from the family of a famous Mandalay singer, who say the Danish brewer used the title of one of his hits as the name for Tuborg Beer in Myanmar. (more…)
Philippines. San Miguel Corp. planning P80 bln preferred shares offering
San Miguel Corp. (SMC) has unveiled a plan to raise some P80 billion from the sale of preferred shares, the diversified conglomerate said in a disclosure to the stock exchange on January 14. (more…)
China contributing to growth of SABMiller revenue
SABMiller PLC reported a fall in third-quarter revenue as the brewer was hit by foreign exchange volatility, although at constant currency, sales climbed strongly. (more…)
Russia. The range of alcohol in restaurants can be halved
Since the beginning of the year, HoReCa establishments cannot resell alcohol purchased at retail, not at wholesalers.
Since 1 January 2016, with the expansion of the scope of the USAIS, the restaurants and cafes have lost the ability to legally purchase alcohol at retail stores and sell it. Igor Bukharov, the Chairman of the Federation of restaurateurs and hoteliers, explained this to Izvestia. (more…)
China. 20 million yuan to be attracted for the implementation of Panda craft plans in 2016
Last weekend, Panda craft, a major producer of craft beer in China announced the receiving of investments in the amount of 20 million yuan.
As the founder of Panda Panding Hao stated, although the company should avoid external funding, but at this stage it is important to get money from institutional investors. (more…)
India. Kingfisher turns to flavoured malts as beer sales stall
Don’t like beer for its bitter taste? India’s largest beer maker is offering a choice to consumers who can’t stand the brew. United Breweries Ltd has just launched a malt-based alcopop—called the Kingfisher Buzz—that aims to take on the Bacardi Breezer, a fruit wine-based drink much favoured by young women. (more…)
Malaysia. Guinness Anchor boosts profit by 19.3% through cost reduction
Guinness Anchor Bhd (GAB) boosted its second-quarter (Q2) net profit to RM90.84mil, up 19.3% from a year earlier, mainly by improving its cost-efficiency.
The brewer told Bursa Malaysia that during the three months to Dec 31, 2015, it phased certain brand advertising and promotion investments, which will take place in the coming months. The company also achieved higher sales to retailers. (more…)
India. Battle Of The Brew
Carlsberg India has shaken the organised beer market by more than doubling its share in a short time. Can it dislodge the rivals amidst intense competition? (more…)
Vietnam’s beer output rises 4.7 percent to 3.4bn liters in 2015
Beer production in Vietnam reached 3.4 billion liters last year, a 4.7 percent year on year increase, according to a report released by the Vietnam Beer Alcohol Beverage Association (VBA) earlier this month. (more…)
Indian Craft Beer ‘Bira 91’ Gets Venture Backing After Viral Success
Just a decade ago, practically the only bars in India were dark, male-only dens where red-eyed drinkers glowered over glasses of so-called Indian-made foreign liquor, aka IMFL. But rising incomes and a new generation of hip, young drinkers have changed all that. These days, the key Indian demographic for a host of alcohol brands and bars is the under-30 set, and craft beer is fast becoming the cutting-edge offering in the premium segment. Just ask Ankur Jain, who’s pioneering the adoption of bottled craft beers in bars and liquor shops, including his own Bira 91. (more…)