Carlsberg cuts 2011 outlook on weak Russia

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Danish brewer Carlsberg on Wednesday posted a drop in second-quarter profit and more than halved full-year growth prospects as drinkers in its key Russian market struggled to absorb higher beer prices. (more…)

Greek local breweries looking to secure competitive edge

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The so-called hot market of home consumption has drawn the attention of Greek breweries as the cold market (restaurants and hotels) is expected to shrink even further with the value-added tax increase that is set to come into force on September 1. (more…)

SABMiller Seen Winning Foster’s With 6% Boost

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While SABMiller Plc (SAB)’s A$4.90 offer for Foster’s Group Ltd. (FGL) is unlikely to win over shareholders, the Peroni maker may not have to go as high as the market anticipated two months ago to win Australia’s biggest brewer. (more…)

US. New Committee Created for Brewpubs

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A new group of brewers and brewery owners have been meeting with members of the Brewers Association Board and staff to look at ways to better serve the Association’s brewery restaurant membership. (more…)

Foster’s CEO defends plans to grow market share

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Foster’s Chief Executive John Pollaers on Friday defended his plans to grow market share in a declining Australian beer market, as the brewer fends off a $10.4 billion bid by world No.2 SABMiller . (more…)