Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of United Breweries, India’s largest brewer, three people with direct knowledge of the plan told Reuters. (more…)
According to Hebei News portal, recently the brewing company Anheuser-Busch InBev has put into operation a new brewery in Baoding, Hebei province, with a capacity of 250 000 tons of beer a year. The investments in the brewery amounted to 760 million yuan. (more…)
The Punjab council of ministers on Tuesday approved the state’s excise policy for 2016-17, increasing the excise revenue target by Rs 400 crore from Rs 5,040 crore in the outgoing fiscal 2015-16. (more…)
Here’s a bit of trivia: Over 30 years ago, Shangri-La established its first China property in the dreamy, ancient Chinese city of Hangzhou. Now, meet the Hong Kong-based group’s second 417-room property in this very city, the Midtown Shangri-La, Hangzhou. (more…)
2015 was not easy for the Chinese brewing industry. Beer sales continued to fall, and imported beer became more popular. (more…)
What makes the beer sector an exciting one to watch in 2016? From flavored beers to new breweries, here are some areas with promising potential. (more…)
Dutch beer giant Heineken has appointed investment bank JM Financial to help increase its stake and control in United Breweries in yet another sign that beleaguered liquor baron Vijay Mallya’s hold over the last big company of his once flourishing business empire is under threat. (more…)
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…)
