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Asia/Australia
Having fought off an AUD 4.70 per share bid from private equity outfit KKR earlier this year, Treasury Wine Estates probably thought they were safe from a takeover. Well, that pious hope only lasted until early August. The new AUD 5.20 offer from KKR and its partner Rhone Capital is large enough to force Treasury’s board to the negotiating table.
Asia/Australia
Australia’s third-largest brewer, Coopers Brewery, has valued itself at around AUD 500 million (USD 464 million) as it prepares to undertake another share buyback. Media report that shares in the company are worth AUD 357 each. Not bad for a brewer that sells around 750,000 hl beer.
Asia/Australia
In its first quarter trading update published on 24 July 2014, SABMiller said that sales at its Australian unit CUB fell by 6 percent, while volumes slipped by 3 percent.
Asia/Australia
Patience (helped by wads of dollars) eventually paid off. Five years after entering initial takeover discussions, Diageo can finally claim ownership of United Spirits (USL), India’s major drinks company, media reported on 23 June 2014.
Asia/Australia
Five years ago, when cider barely registered as a popular drink, Australian politicians and lawmakers were loudly voicing their concerns about the increasing consumption of pre-mixed spirits (“alcopops”). Now in 2014 the latest data from Roy Morgan Research reveal that cider consumption is about to overtake that of pre-mixed spirits, perhaps within months.
Asia/Australia
Craft beer sales may be on the rise in Australia, but craft beer brewers are still struggling to make serious inroads into the lucrative on-premise sector. Why? Because they suspect that the country’s two big brewers have managed to protect their dominance over the beer taps of Australia’s pubs and bars.
Asia/Australia
The recent decision (May 2014) by French luxury goods company Moët Hennessy to launch a new e-commerce site that sells the company’s entire portfolio of wine and spirits directly to the public has been met with outrage by liquor retailers, Australian media report.
Asia/Australia
“No” was the word most frequently used by Australia’s Treasury Wine Estates’ PR in May. “No”, the world’s number two wine company was not in talks to be acquired by China’s Bright Food Group. And “no”, it had not been approached by either Pernod Ricard or Constellation Brands for its U.S. business.
Asia/Australia
Is it because Australian beer drinkers are shunning traditional brands that SABMiller on 23 May 2014 had to report that three of its top Australian brands have witnessed declines in volumes over the past year?
Asia/Australia
Global drinks group Diageo has received regulatory approval for an open offer to acquire a 26 percent stake in United Spirits for an estimated Rs 114.48 billion (EUR 1.4 billion/USD 1.9 billion), it was reported.
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BRAUWELT on tour
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BRAUWELT on tour
