Over the past two decades, China Resources Beer has become the largest player in the Chinese beer market by aggressively snapping up smaller targets. But on Friday, management declared that from now on, it will only pursue big acquisitions. (more…)
The place looks like a regular house in the suburban Pak Kret district, roughly one-hour drive out of Bangkok. Look closer, however, the house appears unlived, more like a warehouse with some sort of operation going on inside, and a walk round to its backyard reveals five massive hothouses which span 1,600m². (more…)
Carlsberg India Chief Executive Officer Michael Jensen throws up his hands at the capricious nature of India’s business environment and the way in which politics can transform fortunes in a snap. (more…)
For 54-year-old Michael Jensen, who heads Carlsberg in India, it’s not easy to sell products that mostly appeal to consumers half his age. Yet, in his three-year stint as the chief executive of the Danish brewer in India, he has managed to more than double the business to exceed Rs 1,000 crore in calender year 2015. (more…)
Ahead of Onam, the Kerala State Cooperative Consumers’ Federation (Consumerfed) is all set to commence the online sale of liquor. (more…)
China Resources Beer, the country’s biggest beer maker, offset lower sales due to floods and a deteriorating economy with improved cost efficiency to report a 45.1 per cent rise in net profit for the first half of the year. (more…)
The Saigon Beer, Alcohol and Beverage Corp (Sabeco) may get permission to be listed on the stock exchange in the near future, the Ministry of Industry and Trade (MoIT) said in a statement. (more…)
Australian tourists in Bali said they would not continue to visit the holiday island if a mooted ban on alcohol was enforced.
And tourist and hotel operators have warned a booze ban would spell disaster for the island’s lucrative tourist industry. (more…)
The Chinese government used a pair of distinguishing factors in approving Anheuser-Busch In-Bev’s takeover of SABMiller PLC last month that warrant close scrutiny by multinational companies seeking to merge or acquire companies there, practitioners said. (more…)
Carlsberg says its operating profit in Asia is increasing due to premium propositions growth.
According to the first-half results, Asia region continued to deliver solid organic revenue growth (+4%) thanks to a strong 7% price/mix and despite a negative volume development in China. In addition, organic operating profit growth was a healthy 6%. (more…)