The world biggest drinks company is an unlikely victim of the slowdown in the Chinese economy, says Questor.
Diageo’s slight rise in sales yesterday was just enough to appease investors who have become impatient after two years of lacklustre performance. (more…)
According to Beer Industry Information Network, in 2015 the retail beer market increased by 5.4% and amounted to 51.65 billion litres. In monetary value, the retail sales increased by 12.5% and by the end of 2015 they are estimated at 450.244 billion yuan. (more…)
The government is considering increasing the duties on alcoholic beverages before the Chinese New Year.
According to a report in Sin Chew Daily yesterday, a 10% hike is expected in the duties for liquor and other alcoholic drinks. (more…)
Shares of liquor makers such as United Spirits and United Breweries fell in a listless trade on Wednesday on news that Goa is planning to ban consumption of alcohol in public places. Analysts said companies will not be impacted by this move but sentiment in these stocks was hit on worries that other states too, may impose restrictions on consumption of liquor. (more…)
Anheuser-Busch InBev NV will try to defy conventional wisdom and hold on to SABMiller PLC’sChina beer business CR Snow, according to two people familiar with the company’s plan. (more…)
The Ministry of Corporate Affairs has sent a notice to United Spirits Ltd, now majority owned by British liquor firm Diageo, asking why action should not be taken against the company, its former directors and officers, which include its chairman Vijay Mallya. (more…)
According to Rosstat, in 2015 beer production in Russia decreased by 5.1% against 2014. However, in December 2015, beer production in Russia increased by 13% compared to the same period of 2014 and by 23.2% compared to November 2015. (more…)
Mumbai’s Gateway Brewing Co. and a home brewer come together to launch Kaapi, a stout infused with single-estate coffee.
What happens when you infuse an Indian stout with a single estate coffee from southern India? You get Kaapi. But, first. in case you are unfamiliar with different styles of beer, here’s a bit about stouts. (more…)
San Miguel Brewery Hong Kong issued a profits warning yesterday in a filing with the Hong Kong Stock Exchange, saying the Hong Kong arm of the Philippine-based company ‘is expected to incur a consolidated net loss for the year ended 31 December 2015’. (more…)
When he left a job in banking to join a “company that sells fish sauce” in Vietnam, Michael Nguyen’s parents wondered if he was throwing away a lucrative career. Now a big cheese at Masan Group, one of the country’s largest listed companies, the Vietnamese-American seems happy with his gamble. Masan’s brands meet a big chunk of the local demand for pungent sauces, noodles and freeze-dried coffee—and in December the firm accepted a $1.1 billion investment from Singha, a Thai brewer, to help finance an assault on Vietnam’s frothy beer market. (more…)
