UK. Younger drinkers ‘turning to ale’
Sales of ale – traditionally favoured by older drinkers – are soaring among younger men and women, according to a retailer. (more…)
Carlsberg Group: Financial statement as at 31 December 2010
The Carlsberg Group delivered strong performance in 2010 in spite of the significant impact from the increase in Russian excise duties, which affected the beer market in Russia extraordinarily in 2010. (more…)
Carlsberg Quarterly Profit Misses Estimates on Costs, Russian Sales Drop
Carlsberg AS, the owner of Russia’s biggest brewer, reported fourth-quarter profit that missed analysts’ estimates as the cost of beer ingredients rose and sales in the country declined. (more…)
Sapporo May Spend $1.5 Billion for Acquisitions to Expand Outside Japan
Sapporo Holdings Ltd., the Japanese brewer seeking to expand in North America, plans to spend as much as 125 billion yen ($1.5 billion) on acquisitions and partnerships over a four-year period. (more…)
US. Michigan’s beer boom: For craft brewers, the glass isn’t just half-full, it’s overflowing
While the state’s unemployment rate stood around 12 percent entering this year, breweries, microbreweries and brew pubs from West Michigan to Detroit to Bellaire and Bay City are adding jobs, increasing production and investing in expansions and renovations totaling more than $70 million. (more…)
Players manoeuvre with Foster’s in their sights Adele Ferguson
An agreement in principle between SABMiller and Coca-Cola Amatil to dissolve their local beer joint venture pending a takeover bid by SABMiller for Foster’s Group has turned speculation to the next chapter in the bust-up of the country’s biggest beer and wine group. (more…)
Zimbabwe. Delta invests $100m in two years
Delta Beverages chairman, Canaan Dube, says his company has invested more than $100 million in the last 24 months as it positions itself to fight off competition. (more…)
India. UB plans to increase area under barley
United Breweries Ltd, the market leader in India’s beer industry, is planning to increase its area under cultivation of barley — the main agri-commodity in brewing beer. (more…)
Australia’s Little World Beverages Sees 35% Rise in H1 Profit
Australian craft brewers Little World Beverages have posted a 35.4 percent rise in half-year profit, and predicted full-year net profit before significant or non-recurring items would be as much as A$8.8 million (US$8.88 million). (more…)
UK: 980,000 jobs depend on brewing and pub trade
A new report by leading economic experts Oxford Economics shows that 980,000 jobs in the UK depend on the beer and pub trade. (more…)