Asahi Beer New Design
Asahi Beer have re-released one of their classic beer bottle designs on cans of their Asahi lager for the Christmas and New Year period. (more…)
Asahi Group Holdings Jan-Sep Net Profit Up On Cost Reductions
Asahi Group Holdings Ltd. (2502.TO) said Monday that its net profit for the nine-month period ended September grew 37% on year, due to efforts to scale down sales promotion and other costs. (more…)
Beermaker Asahi to Sell Bonds to Finance Overseas Purchases: Japan Credit
Asahi Group Holdings Ltd., Japan’s biggest beermaker by volume, plans to take advantage of the world’s lowest interest rates and sell bonds for the first time since last year to finance overseas acquisitions. (more…)
Asahi buys NZ firm for $1.3 bln in pre-mixed drinks push
* To buy 100 pct of Independent Liquor from private equity firms
* Asahi aims to hike overseas sales to 2-2.5 trln yen by 2015
* Japanese companies compete with foreign firms for deals
* Asahi president indicates more overseas deals likely
* Asahi shares rise 1.7 pct in broader market down 1.3 pct (Adds details) (more…)
Why Asahi Isn’t Buying Foster’s
With SABMiller PLC taking the gloves off in a $10 billion hostile offer to buy Australia’s Foster’s Group Ltd., it’s tempting to imagine what might have been for Japan’s Asahi Group Holdings Ltd. (more…)
Asahi Said to Be Near Agreement to Buy Independent Liquor for $1.2 Billion
Asahi Group Holdings Ltd., Japan’s largest brewer by volume, is close to an agreement to buy New Zealand’s Independent Liquor for about NZ$1.5 billion ($1.2 billion), two people with knowledge of the matter said. (more…)
Asahi Group Holdings 1st Half Net Profit Up 4.7% On Lower Costs
Asahi Group Holdings Ltd. (2502.TO) said Tuesday that its net profit for the interim period ended June 30 grew 4.7% from the previous year, in part due to lower expenses. (more…)
Asahi To Unload Stake In China’s Hangzhou Beer To Local Brewer
Asahi Group Holdings Ltd. (2502) said Tuesday that it will sell its entire 55% interest in China’s Hangzhou Xihu Beer Asahi Co., or Hangzhou Beer, due to a disagreement with its local joint venture partner.
(more…)
Asahi, Kirin to Jointly Distribute Beer, Drinks in Tokyo
Asahi Breweries Ltd. (2502) and Kirin Holdings Co. will jointly distribute some beverages in Tokyo to cut costs and emissions at the nation’s two largest beermakers. (more…)
Asahi Breweries Delays West Japan Plant Closure Amid Supply Concerns
Asahi Breweries Ltd. (2502.TO) said Monday it will postpone the planned shutdown of its brewery in Nishinomiya, western Japan, by one year to provide stable beer supplies amid concerns about power shortages in the east of the country after the March 11 earthquake and tsunami. (more…)