Lion, owned by Kirin Holdings, announced its trading update for the half ended 31 March 2011. The company said, it continues to pursue its strategy of investing in its people and a focussed portfolio of high potential brands to drive sustainable results in the long term. Business integration is progressing to plan, with the business uniting under one trading name, Lion, since the conclusion of the half. (more…)
Cargill, international producer and marketer of food, agricultural, financial and industrial products and services, on Tuesday reported $404 million in earnings from continuing operations in the fiscal 2011 fourth quarter ended May 31, a 7 percent decrease from $435 million in the same period a year ago. For the full fiscal year, earnings from continuing operations totaled $2.69 billion, a 35 percent increase from $1.99 billion in the prior fiscal year. (more…)
Heineken N.V. today announced that it has completed the acquisitions of the Bedele and Harar breweries from the government of the Federal Democratic Republic of Ethiopia for US$85 million and US$78 million, respectively. These transactions follow Heineken’s participation in the public auctions for the two breweries. (more…)
Anheuser-Busch InBev
Premium beer, which currently accounts for 5% of sales in the Brazilian beer market, is expected to increase its share by 3% to 8% in 2012. (more…)
United Breweries introduced locally brewed and botted Heineken lager in Mumbai and Pune this month and will roll it out across 7-10 other markets by the year end, the company said. (more…)
Global brewer SABMiller is set to renew its assault on Australian bid target Foster’s later this month with a slightly higher offer likely to succeed after rival bidders fail to appear, bankers and investors. (more…)
Two senators visited craft brewers on Tuesday, August 8th, bringing attention to the proposed Brewer’s Employment and Excise Relief Act (S. 534). The Senators recognize the bill as a way to create jobs, and support “Main Street” businesses which help to keep money in local communities and states. (more…)
* Group Q2 results on Aug 11 at 0600 GMT
* Core Q2 profits expected to rise 11 percent
* Beer volumes seen flat, after Q1 drop (more…)
The UK tax duty reduction on reduced alcoholic beer will not have a strong impact on the beer industry, at least not in the short-term, according to Euromonitor. (more…)
