FOSTER’S shares pretty much kept pace with the sharemarket’s latest rally yesterday despite a pedestrian June 30 result because there was enough in the profit and what chief executive John Pollaers said about it to suggest that SABMiller will need to sweeten its $4.90 a share offer to win control. Not to the $6 mark that Foster’s wants, however. (more…)
Plze?sk? Prazdroj has started a trial run of its new PET bottling line. With a maximum output of 18,000 bottles per hour, the line is Plze?sk? Prazdroj’s biggest one–off investment over the last five years. The value of the line and the overall technical design is approx. CZK 150 million. The company’s offer of PET–packaged beer includes the brands Velkopopovick? Kozel, Primus and Klasik. (more…)
Heineken NV, the world’s third largest brewer, warned weak consumer sentiment and a damp European summer would depress 2011 earnings after the first half missed expectations, driving its shares to a 21-month low. (more…)
As of October Kompania Piwowarska, leader of the Polish beer market, part of the SABMiller group, will be headed by its new President: Robert Priday. The current KP’s CEO Gary Haigh has been appointed as Managing Director of SABMiller’s British subsidiary – Miller Brands UK. (more…)
Irish brewer Guinness, best known for its creamy stout, is rolling out its new Black Lager nationwide next month, the company said Wednesday. (more…)
Molson Coors Brewing Company (NYSE:TAP – News) today announced that it has strengthened the leadership team supporting its growing Molson Coors International (MCI) business. Torsten Kuenzlen, formerly President Director of Coca-Cola’s Indonesia region, has joined as MCI’s new Chief Marketing Officer. Celso White, former Vice President and General Manager, Americas Concentrate Operations at PepsiCo, has joined as MCI’s new Chief Supply Chain Officer. In addition, Lee Reichert, formerly a partner with Lathrop & Gage LLP, has joined MCI as General Counsel. All of the executives will be based in Denver, Colorado. (more…)
SABMiller, the world’s second largest brewer, and SouthWest Development (SWD), an Ethiopian investment group, are going to build a 60-million-dollar brewery in Ethiopia. The brewery will be built near Holeta, 40km from Addis Ababa. (more…)
Follow this company next month is set to start filling Massachusetts glasses with its Smokestack Series line, its first foray into distribution on the East Coast. (more…)
Here’s a game you can play the next time you go for a pint: offer the price of a pint of English ale to any fellow drinker who can name the world’s best-selling beer brand. Heineken, perhaps? Or Carlsberg? Maybe Budweiser…? (more…)
The biggest spending brand in U.S. beer has put its advertising account up for review as Bud Light is soliciting ideas from half a dozen different agencies, Advertising Age reports. (more…)
