Tennent’s is to be distributed across China after owner C&C Group agreed a strategic partnership with Beijing-based import business Vandergeeten. (more…)
As summer came, the season of beer sales has started. Consumers saw imported beer in the best shelf spaces in many big supermarkets. Profits from selling imported beer are much higher than from Chinese sorts which created a great problem for the local brewers. (more…)
Heineken says China is not a great market for beer profits. (more…)
In Putian City, Fujian province the construction of Ab InBev new project is in full speed. In the nearest future, one of the largest in Asia state of art breweries will be opened in Tianjin Binhai Industrial Park Hanjiang. (more…)
Despite the market premiumization, Chinese producers speak about, beer and wine, on the contrary are experiencing price fall.
According to Price monitoring center of National Development Commission People’s Republic of China, in April 2016, the average prices for beer in bottle of 630 ml decreased by 0.68% against March and returned to the figures of the year beginning. (more…)
C&C, the owner of the Bulmers/Magner cider brand and Tennents lager, will soon enter the Chinese market, after it signed a distribution deal for the world’s most populous country.
The company, which on Wednesday reported a fall of 10 per cent in operating profits in the year through February, is eyeing further growth in its international division, where sales rose last year by more than 12 per cent. (more…)
The global beer market is on track to generate $688.4 billion in sales by 2020. So, in having just a couple of percentage points share of this market, a beer brand can be hugely lucrative. (more…)
Danish brewer Carlsberg A/S on Wednesday said sales fell more than expected in the first quarter due to decline in the Chinese market and foreign exchange fluctuation.
Sales fell 3 percent to 13.01 billion Danish crowns ($1.99 billion), missing the 13.18 billion crowns average of 14 analyst estimates compiled by Thomson Reuters. The negative impact from foreign exchange amounted to 5 percentage points, the brewer said. (more…)
Anheuser-Busch InBev company has disclosed 1Q2016 performance results and has shared expectations for the further year.
According to the quarter report, industry volumes in China remain under pressure. However, AB InBev volumes continue to perform ahead of the industry, declining by 1.1% in the quarter, helped by the focus on the Core Plus, Premium and Super Premium segments. (more…)
Korea’s beer companies are competing to supply their products to Chinese tourists whose latest trend is to come here in the thousands and enjoy food parties together. (more…)