After going dark for some months, the nation’s top alcohol regulator is back with more bad news.
Lao pan, those ubiquitous iced cocktail jugs sold at every festival and night market in Thailand? Illegal since 1950, Samarn Futrakul, the renowned prohibitionist who heads the alcohol control board, pointed out to reporters Sunday. (more…)
The Nielsen Company has released a report related to marketing research which covered six major cities of Vietnam. (more…)
A Hyderabad magistrate court has issued a non-bailable warrant (NBW) against UB Group chairman Vijay Mallya and A Raghunathan, chief financial officer of defunct Kingfisher Airlines, in an alleged cheating case. (more…)
Thai Beverage Public Company Limited had enjoyed growth in both sales and profit in 2015.
Without a doubt, the company’s Beer segment was the standout performer for the year, with revenue and sales volume increasing by 22.5% and 17.5%, respectively. The segment had also gained market share at the expense of the Leo brand of beer, a leading competitor to Thai Beverage’s own Chang beer brand. (more…)
The sale is part of the company’s attempt to ease regulatory approval for its merger with SABMiller, but did management let it go too cheap?
Anheuser-Busch InBev recenty announced the $1.6 billion sale of SABMiller’s stake in Chinese brewery CR Snow. The deal is part of AB InBev’s ongoing efforts to “proactively address regulatory considerations” in its bid to secure approval for its mega-merger. However, there was likely a deep sense of disappointment that the company couldn’t keep its ties to the Chinese brand. (more…)
Thailand is one of the largest alcochol markets in Southeast Asia, which amounts to 497 million litres. Beer occupies 62.93% of the total alcohol market. According to the Center for Alcohol Studies, Thais drinks 64.31 litres of alchohol drinks per capita over the year. (more…)
There is still confusion over the future of ‘Kingfisher’ trademark for the United Breweries beer category, reports CNBC-TV18’s Varinder Bansal. (more…)
United Breweries, India’s largest beer maker, plans to be a water neutral company within the next 10 years, according to a top company executive. (more…)
CIMB Equities Research is retaining its Overweight stance on the brewers as the recent increase in excise duty will not negatively impact the earnings of GAB and Carlsberg significantly. (more…)
Dutch beer giant Heineken said it was “following developments” its Indian partner Vijay Mallya is embroiled in but will not comment right now. Speculation has been gaining ground that Heineken might hasten the move to take full control of United Breweries, makers of Kingfisher beer, of which Mallya remains chairman. (more…)
