The Indian Supreme Court’s restrictions last year on the sale of alcohol near state and national highways led to the closure of about a third or about 30,000 of the country’s liquor vendors, causing a drop in demand for beer and spirits.
Where are the health commissars to warn against hidden sugar in cosmetics? Because the Korean makeup brand The Face Shop has launched a range of Coca-Cola cosmetics in an unusual collaboration with the US soft drink brand.
Here they go again. ZX Ventures, a subsidiary of AB-InBev, has acquired the local craft brewer The Hand & Malt Brewing Company. The acquisition was inked on 2 April, according to local media.
Under the old definition, beer had to be made from water and hops and have a malt content of 67 percent or higher. But on 1 April 2018, when the new law came into effect, that was lowered to 50 percent, marking the first change in 110 years.
It’s tit-for-tat. After president Trump introduced tariffs on USD 60 billion worth of Chinese goods, the Chinese Ministry of Commerce retaliated and hiked tariffs on 128 US products, including an additional 15 percent tariff on wine as was reported on 2 April 2018.
The tanks and process technology expert announced Lars Roed as its new Chief Commercial Officer (CCO). The 48-year-old will thus account for the company’s worldwide sales and marketing activities. In doing so, Roed can benefit from his decades of inside experience: The mechanical engineer has been working for the company since 1994.
Tsingtao Brewery, the country’s number two brewer, on 27 March 2018 posted a 21 percent jump in annual profits, short of forecasts but still the firm’s fastest profit growth since 2010 after it had reined in costs.
China Resources Beer is negotiating partnerships with foreign brewers as it hopes to sell more premium beers, according to its CEO Hou Xiaohai. He hopes that a tie-up with an overseas brewer will help China’s major brewer to move upmarket, Mr Hou told an earnings conference on 21 March 2018.
They are not bowing to the craft beer boom, just expanding their portfolio. Australia’s oldest family owned and run brewery, Coopers, has launched its popular new beer, Session Ale, in cans and bottles across Australia. In March 2018. The summer-style ale was introduced in kegs to the on-premise late last year. By January it had become Coopers’ second largest selling keg beer (after Original Pale Ale and ahead of Sparkling Ale and Mild Ale).
So they have given the Cascade Brewery a new lease on life. After an AUD 10.3 million (USD 8 million) upgrade, supported by a AUD one million contribution from the local government, AB-InBev’s Tasmanian brewery will increase its production capacity by 65 percent to probably over 350,000 hl and become the brewer’s Australian craft beer hub.