MillerCoors spent $630K lobbying
MillerCoors LLC spent $630,000 in the second quarter to lobby the federal government on tax, advertising, agriculture and alcohol regulation, according to a recent disclosure report. (more…)
Canada. Prairie Malt cuts output and staff by more than half
Prairie Malt, a major producer of malt in Canada and a joint venture of Cargill and Viterra, on Thursday announced to lay off 35 out of 70 workers and to cut output due to the end of a supply deal with a major customer. (more…)
Tanzania Breweries could pay $22m in beer war
Tanzania Breweries Ltd, the country’s largest brewer, could end up paying millions of dollars in damages to its rival Serengeti Breweries Ltd over widely publicised sabotage accusations in the battle for customers (more…)
Weak Foster’s results give SABMiller’s offer a chance
A sustained appreciation in the value of the Australian dollar or the arrival of an aggressive private equity player are regarded as the only factors that might impede SABMiller’s success in acquiring control of Australian brewer Foster’s. (more…)
Nigeria’s huge beer market offers opening for more investments
Nigeria and nine other African countries have emerged as very promising beer markets, a research by Renaissance Capital, a leading emerging markets investment bank has revealed. Renaissance analysts expect significant sector growth across the region, driven by a growing population, increasing discretionary income, high alcohol consumption per capita, a strong preference for beer, and the expansion and increased efficiency of brewers’ distribution networks. (more…)
Canadian maltster to lower production
Prairie Malt Limited, a Canadian producer of malt for beer brewers, said on Thursday that it will reduce production (more…)
Ten banks lead SABMiller’s $12.5 bln loan
* SABMiller nets 10 out of 12 banks
* Dollar funding costs high for European banks
* Further syndication possible (more…)
US. Craft Brewery Business Booming
Brewery startups are taking the U.S. by storm, stealing profits from big-name breweries and providing more access to craft beer for mug tippers from coast to coast. There were 1,759 new breweries opened last year according to the Brewers Association, putting every American within 10 miles of a brewery. (more…)
Peru. After six years in Peru Robert Priday leaves Backus
After almost six years, Robert Priday Woodworth, Managing Director of Uni?n de Cervecer?as Peruanas Backus y Johnston S.A.A is leaving the Peruvian operation of SABMiller. (more…)
Diageo Surges After Posting Profit Growth on Emerging-Market Whisky Sales
Diageo Plc (DGE), the world’s largest distiller, surged in London trading after reporting improved full-year profit and targeting accelerated sales growth. (more…)