China Resources Beer goes upmarket to counter slowing sales
China Resources Beer is counting on the premium segment to boost margins as the country’s sluggish economy and intense market competition has hurt beer sales. (more…)
China. CR Beer profit bubbles despite flat market
China Resources Beer, which bought out SABMiller’s joint venture stake in the company earlier this month to smooth the way for AB InBev’s takeover of the London-listed brewer, today announced a nearly 14 per cent rise in profits on its beer operations last year, despite a soft Chinese beer market. (more…)
Carlsberg aims to strengthen position in India – CEO
An employee works at a line bottling beer at Carlsberg brewery "Baltika-Pikra" factory in Krasnoyarsk, January 10, 2013. REUTERS/Ilya Naymushin/Files
Danish brewer Carlsberg said on Wednesday it swung to a pretax loss of 1.73 billion Danish crowns ($261.8 million) in 2015 after it booked impairment and restructuring charges of around 10 billion crowns, mainly in the third quarter. (more…)
5 Things to Know About Chinese Consumers
The world is watching a slowing China and is increasingly concerned that China’s consumers are about to close their wallets. A new report from consultancy McKinsey & Co. says that won’t likely be the case. Here are five takeaways from the report, which surveyed 10,000 consumers, ages 18 to 65, across 44 Chinese cities. (more…)
China. AB InBev has launched a new brewery in Hebei province with a capacity of 250 000 tons
According to Hebei News portal, recently the brewing company Anheuser-Busch InBev has put into operation a new brewery in Baoding, Hebei province, with a capacity of 250 000 tons of beer a year. The investments in the brewery amounted to 760 million yuan. (more…)
China. Midtown Shangri-La Opens with In-House Craft Brewery in Hangzhou
Here’s a bit of trivia: Over 30 years ago, Shangri-La established its first China property in the dreamy, ancient Chinese city of Hangzhou. Now, meet the Hong Kong-based group’s second 417-room property in this very city, the Midtown Shangri-La, Hangzhou. (more…)
China. Second tier brands are moving into the high-end segment
2015 was not easy for the Chinese brewing industry. Beer sales continued to fall, and imported beer became more popular. (more…)
China. Anheuser-Busch InBev Divesting Its Stake in World’s Largest Beer Brewer
The sale is part of the company’s attempt to ease regulatory approval for its merger with SABMiller, but did management let it go too cheap?
Anheuser-Busch InBev recenty announced the $1.6 billion sale of SABMiller’s stake in Chinese brewery CR Snow. The deal is part of AB InBev’s ongoing efforts to “proactively address regulatory considerations” in its bid to secure approval for its mega-merger. However, there was likely a deep sense of disappointment that the company couldn’t keep its ties to the Chinese brand. (more…)
China. AB InBev plans to close a brewery in Zhejiang Province
It became known today that Anheuser-BuschInBev, one of the leaders of the Chinese beer market, plans to close its brewery in Zhejiang Province, Zhoushan district. (more…)
China’s taste for craft offers fizz for global brewers
Small-scale brewers from Brooklyn to Beijing are tapping growing demand from cosmopolitan Chinese consumers for high-end beers, a trend which could also help global brewing giants finally unlock frothier profits in the world’s largest beer market. (more…)