Will This Little-Remembered Clause Keep A-B InBev From Owning Popular Chinese Brewer CR Snow?

Will This Little-Remembered Clause Keep A-B InBev From Owning Popular Chinese Brewer CR Snow?
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Anheuser-Busch InBev may get a chilly reception from Chinese regulators if it moves ahead in keeping the CR Snow beer brand in its portfolio. Image source: China Resources.

Chinese brewer CR Snow may be among the most valuable assets in SABMiller’s portfolio of brands, so it’s understandable that Anheuser-Busch InBev — which is planning to acquire SABMiller – would be reluctant to sell it despite conventional wisdom suggesting it will have to do so if it wants to get regulatory approval from China for the deal. But the brewer may be forced to sell the brand thanks to an apparently forgotten provision of a document it signed back in 2008 when InBev bought Anheuser-Busch. (more…)

Publicis agency wins Heineken India account

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Publicis has won the Heineken India business after a three-way agency pitch. The account was earlier with Wieden + Kennedy.

Publicis will handle the account of their Bangalore office. The brand will retain its ‘One World. One Heineken’ ideology. (more…)

Russia. “There is a revolution in the beer market “, – the director of a brewery from St. Petersburg said.

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“The situation on the Russian beer market is in a steep nose dive” – said Nikolai Mitchin, co-owner and founding member of Vasileostrovskaya brewery in an interview with “RosBiznessKonsalting”. During the last two years, in the country ten breweries have closed down, two of which belonged to Baltika, the leader of the domestic beer industry.

Vasileostrovsky brewery is experiencing the reverse situation. (more…)

Singapore. Fraser and Neave’s net profit up 34% to $25.5m in Q1

A security guard walks past a logo of Fraser and Neave Limited at its office building in Singapore January 21, 2013. Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close. REUTERS/Edgar Su (SINGAPORE - Tags: BUSINESS LOGO)
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Thanks to higher dairies revenue.

Fraser and Neave reported that its net profit from continuing operations jumped 34% to $25.5m in the first quarter, boosted by a staggering 92% surge in profits from its Dairies segment. (more…)