Asahi Group Holdings is offering a little over 400 billion yen ($3.48 billion) to purchase two European beer brands from SABMiller, proposing the biggest-ever overseas acquisition by a Japanese beer company. (more…)
In 2004, 10 brewers controlled 51% of the global beer market by volume. Ten years later, five beer makers — Anheuser-Busch InBev, SABMiller, Heineken, Carlsberg, and China Resources Enterprise — controlled about the same amount. (more…)
United Breweries Ltd’s fiscal third-quarter profit beat analysts’ estimates by a wide margin on a 13% surge in beer sales in terms of volume. (more…)
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…)
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…)
Expanding in the ASEAN might make better sense.
Analysts are wary over Fraser and Neave’s involvement in the EUR3 billion sale of premium European beer brands Peroni and Grolsch. (more…)
Breweries major AB InBev has received fair trade regulator CCI’s approval to acquire its close rival SABMiller for about 71 billion pounds. (more…)
Woolworths is being trounced in hardware and beaten in supermarkets but its liquor business is still performing strongly, and has just struck an exclusive deal to sell the biggest beer brand in the world for the first time in Australia through its outlets. (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…)
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…)