Thailand’s Singha beer producer Boonrawd Brewery plans to spin off its packaging subsidiary, listing it on the Stock Exchange of Thailand. (more…)
This might sound like something straight out of Ripley’s Believe it or Not if you were not in Tamil Nadu.
For tipplers here, though, the heat and elections combined together are a prescription for beer. That is why after two years, beer sales at The Tamil Nadu State Marketing Corporation Limited have gone up by 20 per cent. (more…)
iquor firm Kaama Impex is aiming for 30 per cent market share in the premium imported beer segment in the next two years through its UK-brewed craft beer Witlinger.
The company, which has rights of several global beer brands in India, including Sol and Magners, today launched retail sales of Witlinger. (more…)
As Asian companies aspire to grow, they become more inclined to look beyond their home turf. Some of the successful forerunners present at the FT-Nikkei Asia300 Forum on Monday morning embody the importance of companies diversifying their business portfolios. (more…)
Singha Corp, Thailand’s leading beverage maker, is using the cash flow generated by beer sales to fund increasing diversification in property and other new businesses, according to Piti Bhirom Bhakdi, Managing Director of Boon Rawd Trading Co., Ltd., the group’s main sales arm. (more…)
A group of lenders led by State Bank of India on Monday sought to strongly refute the United Breweries Group chairman Vijay Mallya’s contention that they, needing to recover over R9,000 crore from him, have no business to know about his overseas assets. The banks iterated that his personal guarantee “subsisted” and was a “major source of recovery” for them given that petitions seeking winding up of his two insolvent companies — Kingfisher Airlines (KAL) and United Breweries Holdings — are pending in the Karnataka High Court. (more…)
In the first quarter of 2016, China Resources Beer (Holdings) Limited sales of beer increased by 0.4% to 2.659 billion liters. (more…)
Despite a slump following the shuttering of bars in 2014, beer sales witnessed a steep and alarming rise during 2015-16 courtesy the UDF government’s decision to allow more beer and wine parlours. (more…)
Most experts, when asked about the tax increases for beer, liquor and cigarettes, said they advocate the plan, especially if the government tries to collect more from domestic taxes to increase budget revenue. (more…)
Refuting the allegations that his government had given 20 acres of land to United Breweries Limited (UBL) at a throwaway price in Palakkad district, Chief Minister Oommen Chandy said that the UDF government was only being made a scapegoat. (more…)