India. Graft: VACB quizzes Babu
The VACB probing the alleged irregularities in the issuance of beer and wine parlour license interrogated former Excise Minister K Babu on Monday in connection with the case. (more…)
China. Crafting a new beer boom
One hot Saturday afternoon mid-September, Li Hao, a 29-year-old researcher with a chemical company in Shanghai, binged on a dozen varieties of craft beer. He helped himself to all those drinks at a beer fair at Pudong Kerry Center in Shanghai. More than 50 stalls were selling hundreds of brands, both global and local. Li wished he had a pair of bellies to take them all in.
Thailand. ThaiBev’s Tipsy Valuation Risks a Hangover for Investors
The third-largest company in the world’s biggest Buddhist-majority country is ThaiBev, which makes its money selling rum and beer to a population whose religious texts exhort them to abstain from alcohol. (more…)
China. Beer company Broo raise $10.5 million in share offer
After a six week initial public offering, Victorian beer firm Broo has announced it has raised $10.5 million and can now list on the ASX.
The move is part of broader strategy to target the biggest beer market in the world, China. (more…)
Japan. Kirin to buy stake in Brooklyn Brewery for craft beer growth
Kirin Holdings Co. agreed to acquire a minority stake in Brooklyn Brewery, marking a rare investment by an Asian company in the $22 billion U.S. craft lager industry. (more…)
Japan. Kirin Holdings to Take 20% Stake in Brooklyn Brewery
Kirin Holdings Co. of Japan has agreed to take a minority stake in Brooklyn Brewery, people familiar with the matter said, in one of the first investments by a Japanese company in a U.S. craft brewer. (more…)
Vietnam. Ministry guides Sabeco, Habeco to sell shares
The Ministry of Industry and Trade (MoIT) issued a decision to establish a steering committee for the sale of shares of two leading brewery companies.
Sai Gon Alcohol, Beer and Beverages Corp. (Sabeco) and Hanoi Beer Alcohol and Beverage JSC (Habeco) will complete their divestiture from state funding in the near future. (more…)
China Resources Beer completes acquisition of share capital of China Resources Snow Breweries
Oct 11 China Resources Beer Holdings Co Ltd :
* announces completion of acquisition of 49% of total issued share capital of china resources snow breweries (more…)
India. For PE investors, craft beer emerging as new area of interest
Craft beer is emerging as a new area of interest for private equity investors. Last month, Gateway Brewing Co. said it is in talks to raise $3.3 million from private equity investors to expand its presence and start bottling operations. (more…)
India. Lounge review: White Owl beer keggers, Mumbai
To bring the kegger home, it’s mandatory to have a one-day liquor permit from the excise department.
For the first time in India, beer enthusiasts in Mumbai can bring craft beer home in handy five-litre keggers, courtesy the White Owl brewery in Lower Parel. (more…)