The Maharashtra government is considering a proposal to stop the supply of water to breweries and distilleries in Aurangabad district due to severe shortage of water, a senior official at the water works department said, on the condition of anonymity. (more…)
Anheuser-Busch InBev NV accepted Asahi Group Holdings Ltd.’s offer to buy the Peroni, Grolsch and Meantime beer brands for 2.55 billion euros ($2.9 billion), clearing another hurdle in for the European brewer’s efforts to win regulatory approval for the purchase of SABMiller Plc. (more…)
While big Chinese brewers have seen sales slip amid a broad market downturn, Belgium-based Anheuser-Busch InBev’s savvy marketing has helped it buck the trend. (more…)
Four Chinese beer brands are among the world’s top 10 best-selling beers, according to market research firm Euromonitor International.
The business intelligence company’s 2015 ranking show that breweries Harbin, Yangjin, Tsingtao, and Snow were among the world’s top 10 best sellers based on market share. This likely accounts to China’s large population, which is anticipated to generate a steady beer demand. (more…)
If a combination of Anheuser Busch InBev and SABMiller could prompt the mega-brewer to focus on its bigger brands and see a massive worldwide distribution, then it should also be the case for Malaysian-listed Guinness Anchor Bhd (GAB), whose major shareholder now is the second largest beer group in the world by volume, Heineken NV. (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…)
What makes the beer sector an exciting one to watch in 2016? From flavored beers to new breweries, here are some areas with promising potential. (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?
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…)
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…)
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…)