Mexico’s Modelo Q4 profit falls as peso gains
Mexican brewer Grupo Modelo (GMODELOC.MX) said fourth-quarter profit fell slightly, as the peso strengthened against the dollar, hurting the company’s foreign-currency investments. (more…)
Kenya: Diageo’s East African Breweries’ H1 sales rise
Diageo’s African beer subsidiary, East African Breweries, has survived a consumer shift towards lower-priced beers to report higher net sales in its fiscal half-year. (more…)
The real thing?
SIX months ago, if you ordered a Peroni Nastro Azzurro at your favourite pizza restaurant, or bought a slab of the well-known Italian brand at the bottle shop, what you got was a real imported beer, brewed in Rome. If you go into your favourite pizza place tonight and order a Peroni – or pick up a slab on your way to a barbecue tomorrow – the bottles will look the same, but the contents will probably have been brewed in Warnervale, on the NSW Central Coast. (more…)
San Miguel enters into new agreement with G K Skaggs
San Miguel Corporation (SMC), a Philippines-based food, beverage and packaging company, has reached an agreement with G K Skaggs, a global importer with a national distribution platform in the US, for import and distribution of San Miguel’s beer brands within the US. (more…)
SABMiller: Tsogo Sun, Gold Reef Resorts Merger Unconditional
SABMiller PLC (SAB.JO), the brewer which houses premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft, and Grolsch, said Friday all conditions precedent relating to the merger of Tsogo Sun, its South African hotels and gaming associate, with Gold Reef Resorts Ltd. have been fulfilled or waived and accordingly, the transaction has become unconditional. (more…)
India. Q&A: Kalyan Ganguly, MD, United Breweries
United Breweries Ltd, with 53 per cent of the Indian beer market, has seen sound demand in the third quarter of the current financial year. Of the 230 million cases of beer sold in the country annually, 130 million cases are from UB. It is to introduce Heineken beer in the latter part of 2011. Kalyan Ganguly, managing director, discusses growth and challenges with Raghuvir Badrinath and Debasis Mohapatra. (more…)
Plze?sk? Prazdroj announces its sales results for 2010
Dramatic increase in excise tax in January 2010 in combination with difficult economic conditions resulted in decline of the overall beer market. Plze?sk? Prazdroj was no exception to this trend* and its sales domestically and aboard declined by 6% in annual comparison. (more…)
US. Labatt Breweries Announces Multi-Million Dollar Project
Labatt Breweries is making a major investment in its St. John’s operation. Chris Hesson, the plant’s manager and brewmaster, says Labatt will invest $3.5 million in capital expenditures this year. (more…)
Heineken changes tack to protect market share
Heineken will reverse its long-held priority of value over volume as it seeks to maintain its dominance in maturing European markets. (more…)
Ireland. Heineken warn of challenging 2011
Heineken’s Irish market share grew marginally last year — driven by good performances from its eponymous lager and Coors Light brands — but the company has warned of a “challenging” 2011 ahead. (more…)