Kirin Holdings Fiscal Year Group Net Profit Y11.39 Billion, Down 77%
Kirin Holdings Co. (2503.TO) said Thursday that its net profit for 2010 tumbled 77%, due to amortization of goodwill related to M&As in 2007. (more…)
US. Stores Ramp Up Private-Label Beer Offerings
Supervalu, Walgreens and 7-Eleven are among the contenders who are pushing their own brew brands. (more…)
Brewer calls for balancing act on duty
SABMiller has called on the UK government to rebalance alcohol duty to encourage consumers towards lower-strength alcohol products. (more…)
Asahi drops out of Foster’s beer race
Japanese beverage giant Asahi Breweries has taken itself out of the running to buy Foster’s beer arm in the lead up to the historic $11 billion demerger of the Australian brewer. (more…)
US. Small Brewers Seek to Modernize Archaic Laws to Reflect Changes in the Beer Industry
The past 40 years have seen enormous innovation and change in American businesses. One of the industries that has completely reinvented itself is the beer business. (more…)
Brewery giants looking to Asia / Suntory ready to spend 200 billion yen on M&As; rivals not sitting on hands
Suntory Holdings Ltd. plans to spend up to 200 billion yen on corporate mergers and acquisitions in Southeast Asia as it seeks a bigger slice of the market there, according to Suntory President Nobutada Saji. (more…)
This new Bud’s for you – only it’s an American ale
The beer world is always changing, with new brands coming on the market and big breweries merging with others. But few beer icons have remained as constant as classic Budweiser lager. Original Bud and its sibling Bud Light remain the world’s best-selling beers. Those beers serve a huge market, and the Bud name is the most precious asset of Anheuser-Busch. (more…)
US: Supervalu takes on Bud Light and co with cut-price beer
Private label specialist Supervalu is taking on brewing heavyweights Anheuser-Busch InBev and MillerCoors by launching a cheaper alternative to the likes of Bud Light and Coors Light. (more…)
Brewers Association revises ‘craft brewer’ definition
The Brewers Association, Boulder, Colo., announced its board of directors voted to change its definition of “craft brewer.” The term “craft brewer” now includes any independent brewery that produces up to 6 million barrels of traditional beer. (more…)
Foster’s moves to unmix its well-know lagers from unsuccessful wines
It is shaping up to be one of the final chances to grab a beer group of any scale. Foster’s is preparing to split itself into two, triggering a race for both its wine and beer divisions. (more…)