A few years back, burglars snatched away ₹ five lakhs from an employee who was on his way to the bank. Though the police arrested the culprits later, the Bevco management blamed the employee for negligence and initiated punitive measures. (more…)
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…)
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.
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…)
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…)
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…)
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…)
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…)
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…)
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…)