Beer giants struggle in China market chill
Competition is fierce in China’s beer industry as purveyors of alcoholic beverages battle for market share amid reverberations from acquisitions by the global giants. (more…)
China. New CR Snow team will have to work on the company’s profitability
The merger of two brewing giants AB InBev and SABMiller against the background of the Chinese beer market drop provided an opportunity for China Resources Beer cheaply buy back shares from the foreign partner. (more…)
C&C bids to push Magners brand in Thailand
C&C, the company behind Bulmers cider, has entered into a strategic distribution agreement with Asian drinks giant San Miguel. (more…)
Could Singapore have its own craft beer boom?
Craft Singapore, the city-state’s first-ever craft beer festival, launches Friday in hopes of luring lager and ale guzzlers to more independent fare. (more…)
AB InBev goes it alone in shrinking Chinese beer market
Anheuser-Busch InBev Wednesday announced the termination of a joint venture in a Chinese brewery between SABMiller and China Resources Beer.
China Resources Beer will buy SABMiller’s stake in the Beijing-based CR Snow brewing company for $1.6 billion. The sale clears the way for the completion of AB InBev’s takeover of London-based SABMiller. (more…)
Myanmar. Family of Late Burmese Composer Considers Lawsuit Against Carlsberg
The family of the late Burmese composer Myoma Nyein is preparing a lawsuit against Denmark-based Carlsberg Brewery Company for their use of his Burmese song title on their product, Tuborg beer. (more…)
China. Former Marketing Director became the CEO of CR Snow
Immediately after China Resources Group bought 49% of the shares of SABMiller, there was a message about changes of personnel at CR Snow. (more…)
India. SBI Seeks Vijay Mallya’s Arrest, Seizure Of Passport
Top state-run lender State Bank of India (SBI) has sought arrest of Vijay Mallya, and also impounding of his passport, as the bank approached Debt Recovery Tribunal (DRT) seeking action against the UB Group promoter for defaulting on loans. (more…)
More Brewers in Sights After China Resources Snow Beer Buy
China’s top brewer could start acquiring smaller competitors to cement its leading position in the Chinese beer market, after buying out venture partner SABMiller Plc and taking full ownership of the world’s best-selling Snow beer. (more…)
Thailand. Activists demand big hike in booze taxes
The government should increase taxes on alcohol just as it has done with cigarettes in order to discourage new drinkers, the Centre for Alcohol Studies says. (more…)