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…)
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…)
China Resources Beer gains more than 49% of China Snow
China Resources Beer (Holdings) Co. agreed to buy out the remaining stake in its Chinese venture with SABMiller Plc for $1.6 billion, smoothing the way for a takeover of its partner by Anheuser-Busch InBev NV. The Chinese brewer’s shares jumped. (more…)
China Resources Beer gains SABMiller stake in China Snow at bargain price
China Resources Beer will pay $1.6 billion to buy out SABMiller Plc’s stake in their China Resources Snow Breweries venture, a much lower price than expected and sending shares in the state-backed firm soaring by a quarter in value. (more…)
China. AB InBev financial results of 2015 and expectations for 2016
According to Anheuser-Busch InBev Full Year 2015 Results report, company’s revenue grew by 6.3% in FY15, with revenue per hl growth of 7%. (more…)
Japan. With SABMiller deal, Asahi helps rival out of a jam
Japan’s Asahi Group Holdings said Wednesday it has agreed to acquire some operations from U.K.-based brewer SABMiller in a deal that could smooth the way for a much larger transaction between SABMiller and Belgium-based Anheuser-Busch InBev. (more…)
Russia. Beer roams the regions
Small breweries are taking away the share of transnational companies, writes the Russian business newspaper Kommersant. (more…)
Japan. Brewer Asahi tries to make splash in big pond
Japan’s Asahi Group Holdings is diving into Europe in hopes of instantly enlarging its presence in an ever-consolidating global beer market.
The purveyor of Super Dry has offered to buy not one but four brewers and beer distributors owned by SABMiller for a total of 2.55 billion euros ($2.85 billion), it said on Wednesday. (more…)
Japan. It’s Miller time for Asahi
You can make the best products in the world, but distributing them to customers is where a consumer company wins big. (more…)