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. Former Marketing Director became the CEO of CR Snow
Immediately after China Resources Group bought 49% of the shares of SABMiller, there was a message about changes of personnel at CR Snow. (more…)
More Brewers in Sights After China Resources Snow Beer Buy
China’s top brewer could start acquiring smaller competitors to cement its leading position in the Chinese beer market, after buying out venture partner SABMiller Plc and taking full ownership of the world’s best-selling Snow beer. (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. Ziemann Holvrieka has a 40 percent share of the domestic market
It has seven manufacturing plants in Asia and Europe and it plans to build more factories in emerging markets to secure more market share. (more…)
The Rising Upper Middle Class Vice of Craft Beer Infiltrates China
Waiters serve small glasses of beer arriving from Europe, Japan and New Zealand to hundreds of tasters who gather at the Festival of Craft Beer in Beijing, raising a toast to the rise of this upper middle class vice in the land of Mao. (more…)
China. Chongqing Brewery announced the closure of the brewery in Liupanshui
Chongqing Brewery announced the closure of the only brewery in Liupanshui city. The reason of production suspension is the decrease of the brewery’s profitability and policy of reducing the number of redundant businesses. (more…)