Tuborg Strong, Elephant bring fizz to Carlsberg’s India sales

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Strong beer is helping Carlsberg ride out of sluggish beer sales in India. At a time when the overall Indian beer market is growing at about 5% a year, robust sales of brands like Tuborg and Elephant have helped the Danish brewer double its local business every two years. (more…)

China’s brewers face an unfamiliar challenge — sinking sales

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After years of steady growth, China’s beer market is losing its fizz as the economy slows and consumers turn to other types of alcohol. To stay afloat, the country’s brewers are looking to reduce overcapacity and otherwise downsize their operations. (more…)

Thailand. Investors in Thai Big C cheer $3.5 billion stake sale, rival bid seen unlikely

Thailand. Investors in Thai Big C cheer $3.5 billion stake sale, rival bid seen unlikely
A Big-c Supercentre is pictured on the outskirts of Bangkok, Thailand, January 27, 2016. REUTERS/Athit Perawongmetha
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Investors in Big C (BIGC.BK), one of Thailand’s largest supermarket chains, cheered on Monday an up to $3.5 billion deal by France’s Casino Group (CASP.PA) to sell its majority holding to TCC Group, owned by whiskey tycoon Charoen Sirivadhanabhakdi. (more…)

China. San Miguel registers HK$16.9-m loss in Hong Kong operation

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San Miguel Brewery Hong Kong, a unit of conglomerate San Miguel Corp., registered a consolidated net loss of HK$16.9 million in 2015, a turnaround from a profit of HK$37 million in 2014, on lower volume due to the non-renewal of distribution agreements with Anheuser-Busch. (more…)