FITCH affirms Foster’s at ‘BBB’; outlook stable
May 05 (Fitch) Fitch Ratings has today affirmed Foster’s Group Limited’s (Foster’s) Long-Term Issuer Default Rating (IDR) at ‘BBB’ and Short-Term IDR at ‘F2’. The Outlook is Stable. (more…)
Heineken-APB Completes Divestment of Stake in Kingway Brewery
•Divestment is in line with APB’s China strategy
•Intensifies participation in the premium segment (more…)
Heineken N.V. renews €2 billion Revolving Credit Facility
Heineken N.V. announces the successful closing of a new Revolving Credit Facility for an amount of €2 billion with a syndicate of 17 banks. (more…)
Heineken named preferred bidder for two breweries in Ethiopia
Heineken N.V. today announced that the government of the Federal Democratic Republic of Ethiopia has named the company as the preferred bidder for the Bedele and Harar breweries. (more…)
Kirin Holdings 1Q Group Net Loss Y2.11 Billion Vs Y6.16 Billion Profit Year Earlier
Kirin Holdings Co. (2503.TO) Friday said that it swung into the red during the first quarter ended March 31, due to a special loss related to a quake-damaged brewery in northern Japan. (more…)
Global brewer under tax lens
Multinational brewer SABMiller will come under the close scrutiny of tax authorities in five African countries, including South Africa, next month. (more…)
SABMiller’s Wyman to retire, spotlight on CEO
Global brewer SABMiller Plc said its Chief Financial Officer Malcolm Wyman would retire at end-August to be replaced by internal candidate James Wilson, which is likely to throw the spotlight on when Chief Executive Graham Mackay decides to retire. (more…)
CWB reports global deficit in quality malting barley
The Canadian Wheat Board (CWB) on Thursday released its April 2011 Pool Return Outlook (PRO) for the 2010-11 crop year. (more…)
US. Brewers Supply Group acquires Crosby and Baker
Brewers Supply Group (BSG), the industry leader in distribution of brewing ingredients to the North American Craft Brewing Industry, has acquired one of its competitors, Crosby and Baker Ltd. The deal becomes effective on May 1, 2011. (more…)
Denmark. Royal Unibrew’s “positive earnings trend continues” in Q1 2011
Royal Unibrew reported its revenue — measured organically — declined in Q1 by just below 1% primarily because Easter is in Q2 in 2011, whereas in 2010 it was in Q1. (more…)