SABMiller – Out to get ’em
Hot on the heels of its successful bid for Australian brewer Fosters, SABMiller has clinched a deal with Turkey’s largest brewer, Anadolu Efes (Efes), earning it a standing ovation from analysts.
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MillerCoors Reports Challenging Third Quarter
SABMiller plc (SAB.L) and Molson Coors Brewing Company (NYSE: TAP; TSX) reported that MillerCoors third quarter underlying net income, excluding special items, decreased 14.1 percent to $286.9 million versus the third quarter 2010, driven by a weak economy, low consumer spending and commodity inflation. (more…)
Premium Chinese beer a bitter brew for foreign brands
Chinese brewers are making an aggressive push into premium beer, lured by high margins and huge growth potential, posing a tough challenge to the foreign companies that dominate the category in the world’s largest beer market. (more…)
Watch Out, San Miguel: Wine Picks Up in the Philippines
Filipinos have long preferred beer — specifically San Miguel — to wine, but wine distributors believe that’s changing. (more…)
SABMiller summarized the first six months of the current fiscal year. Miller Brands Ukraine has been demonstrating considerable production growth while the market collapses
SABMiller plc summarized the first six months of the current fiscal year that started April 1, 2011*. Miller Brands Ukraine , the Ukrainian branch of SABMiller, demonstrated considerable production growth amidst beer market collapse in the Ukraine. (more…)
SABMiller launches first ever cassava lager in Mozambique
SABMiller plc (SAB.L), one of the world’s largest brewers, today announces the launch of the first ever commercial-scale cassava-based beer. The beer, ‘Impala’, will be brewed in Mozambique by SABMiller’s local subsidiary, Cervejas de Mo?ambique (CDM). (more…)
India. United Breweries 2Q Net Profit Falls 11% To INR195.2 Million
United Breweries Ltd. (532478.BY) said Monday second-quarter net profit fell 11%, pressured by higher costs and increased interest outgo. (more…)
US. Otter Creek Brewing Co. Acquires The Shed Brewery
Otter Creek Brewing Co, LLC of Middlebury, Vermont is pleased to announce that an agreement is in place with Ken and Kathleen Strong, the founders of the legendary The Shed Restaurant in Stowe, VT- to have Otter Creek Brewing acquire The Shed Brewery and the award winning Shed brand family of ales. (more…)
US. Craft beer is about going local, but it’s also about going creative
What The Faker said: You don’t have to be a connoisseur to enjoy the cornucopia that is the craft beer “revolution.” It’s that time of year to hoist the horn of plenty and celebrate its diversity in offering something for just about every taste, leaving no excuse for those who may feel they just want to throw up their hands when the choices overwhelm. (more…)
Heineken N.V. to propose changes to Supervisory Board
Heineken N.V. announced today that it will propose to the Annual General Meeting of Shareholders (AGM), to be held on 19 April 2012, to appoint Mr Hans Wijers as member of its Supervisory Board for a four year term. (more…)