Asahi Group Holdings Ltd. (2502) said Tuesday that it will sell its entire 55% interest in China’s Hangzhou Xihu Beer Asahi Co., or Hangzhou Beer, due to a disagreement with its local joint venture partner.
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Molson Coors Brewing Co. found that higher prices were not enough to offset weak beer sales and increased costs for fuel and ingredients in the second quarter. The maker of Coors Light, Keystone Light, Carling and other beers reported Tuesday that its net income fell 6 percent, missing analysts’ expectations. (more…)
After years of shipping beer farther and farther away, many small brewers are now shrinking distribution to sell beer more profitably at home. The strategy reflects the nation’s growing thirst for boutique beers from independent breweries that simply can’t produce enough to meet the demand of a larger market — so they’re putting local customers first. (more…)
The number of UK drinkers trying real ale has risen by 40% since 2006, with more than 200 new breweries opening in that time, says the Campaign for Real Ale (CAMRA). (more…)
Beverage giants Carlsberg and SABMiller have announced plans to expand further in the Chinese beer market. (more…)
drinktec, the Worldґs Leading Trade Fair for Beverage and Liquid Food Technology, is now a co-organiser of CBB, China Brew & China Beverage, International Brew & Beverage Processing Technology and Equipment Exhibition for China. The organisers of the two trade fairs signed a contract to this effect at the beginning of August in Beijing. (more…)
* Danish brewer forms joint venture to expand China business
* It will own 30 pct of new J/V with Chinese partners
* New company will operate 12 breweries in China (Adds details, quote, share price) (more…)
Tom Long, MillerCoors’ new chief executive, wants to prove that big beer hasn’t gone flat. (more…)
Puerto Rico’s dominant brewer is seeking a piece of the island’s premium beer market. (more…)
Romanians love their beer, especially on a scorching summer’s day, but so far it looks like not even the torrid weather will help brewers defy the droop of recent years. The local beer market fell by 3.5 percent in 2010 and another 2 percent in the first quarter of 2011, forcing local brewers to adapt to the sober new conditions. (more…)
