Who’s in pole position to buy a stake in Vietnam’s biggest brewer?
AB InBev and SABMiller, Heineken, Asahi, Kirin, ThaiBev and Singha Asia have all registered to bid for stakes in state-owned Sabeco, maker of Saigon Beer and 333. With a price tag of at least $1.8 billion and a government facing a ballooning budget deficit, interested parties don’t need to beat down the door. (more…)
Thai Beverage Public Company Limited (SGX: Y92) has an ambitious target of having more than 50% of its revenue coming from outside of Thailand by the year 2020. Currently, the company generates more than 90% of its revenue within Thailand. However, now it seems that the company might be able to move closer to its target as that opportunity is opening up in Vietnam. (more…)
The world’s largest brewers from Europe to Asia are lining up for a chance to buy a stake in Vietnam’s top beer-maker, in a deal worth at least $1.8 billion as consumption in the Southeast Asian country surges. (more…)
Japanese and Australian breweries are among the latest entrants to Hong Kong’s ever growing craft beer scene, and beer flights and small glasses let drinkers sample a range of brews. (more…)
Responding to a shareholder’s query on Mallya’s status as chairman of the company, Pal said he will continue as chairman of the company. (more…)
Only six weeks to go before CHINA BREW CHINA BEVERAGE (CBB) opens its doors for the first time in Shanghai: from October 11 to 14, 2016. CBB is continuing to grow, showing clearly that the move to Shanghai was the right step. (more…)
San Miguel Brewery Hong Kong Limited posted a loss of HK600,000 (US$77,360) for its first fiscal quarter results, ended June 30, according to its filing with the Hong Kong Stock Exchange. The beer manufacturer saw a 4.7 per cent year-on-year drop in its consolidated revenues, amounting to HK$259.5 million for the period. (more…)
Canada’s premium beer brand, 1793 KROY is scheduled to be launched in Mumbai, Chennai, Goa and Bengaluru in September. The Toronto Ale Brewing is all set to introduce its beer brand in India. (more…)
Staff manning twenty TASMAC shops at prime locations in Chennai including T. Nagar, Egmore and Anna Salai echoed the same views.
The recent decision of Tamil Nadu State Marketing Corporation Ltd (TASMAC) to curtail the working hours of its outlets has had no impact on sales, inquiries reveal. TASMAC, a government-owned company, has a monopoly over wholesale and retail vending of liquor in the State. (more…)
Outbound shipments of South Korean beer hit a record high last year on the back of its popularity in Asian and other countries, government data showed Tuesday. (more…)
