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 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 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…)
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…)
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…)
2015 was not easy for the Chinese brewing industry. Beer sales continued to fall, and imported beer became more popular. (more…)
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?
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…)
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…)