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Asia/Australia
One of the great success stories of beverage industry, Red Bull will be of its own after a successful but lately bitter partnership with its Indian partner RNG. With this, the Austrian company will go solo and set up its independent operations in India.
Asia/Australia
This could be Diageo’s chance to get its foot into the door at India’s leading spirits company United Spirits (USL), as Vijay Mallya, the Indian beer and drinks baron, who owns a 28 percent stake in USL, is struggling to save his troubled Kingfisher Airlines.
Asia/Australia
Or did they just fail to grasp the fundamentals of doing business in a market which is as “interesting” as Uzbekistan’s? In early September 2012 Russian media reported that Carlsberg is in talks with investors to sell its subsidiary in Uzbekistan. Uzbekistan is the most populous and mainly Muslim country of 28 million people in Central Asia.
Asia/Australia
Better late than never. Carlton & United Breweries (CUB), the Australian beer business SABMiller acquired with its takeover of Foster’s last year, will revert to a formula for its flagship brand Victoria Bitter, which it abandoned in 2007, and raise the alcohol content from 4.6 percent to 4.9 percent from October this year, CUB said on 4 September 2012.
Asia/Australia
Have they nothing more serious to worry about? An August 2012 review of imported beers highlights the ongoing argument about the quality aspects of fully-imported beers versus those brewed locally under licence.
Asia/Australia
India is a unique (strange would be a better word) beer market: Much like the country’s alcohol consumption trends regarding hard liquors, most of the beer sales in the country happens in strong beer segment. While product offerings and consumption in this segment have more or less remained the same, beer producers in the sub-continent have stepped on the pedal to diversify and expand their premium offerings in recent months in the light segment.
Asia/Australia
Oh, oh, it does not look good for Heineken and its plans to buy out Fraser & Neave’s stake in Asia Pacific Breweries. On 28 August 2012 Thai Beverage (ThaiBev) said it has raised its stake in Singapore conglomerate Fraser & Neave (F&N) to 29 percent, just below the 30 percent level that would trigger a mandatory offer for the whole company.
Asia/Australia
It’s been all over town that if Coca-Cola Amatil (CCA) wanted to re-enter the Australian beer scene, it was only through a partnership with the newly opened Casella brewery. Lo and behold, in August 2012 the beverage giant CCA and the beer industry newcomer announced that they have set up a joint venture.
Asia/Australia
Media called him the "Lion King", probably for his proven staying power at the helm of Australia’s brewer and dairy company Lion. But in February 2012 Kirin-owned Lion said that its CEO Rob Murray, 51, would step down next year after eight years spent running the consumer goods giant.
Asia/Australia
The U.S. economy is in a funk and the euro zone is about to implode while the rest of the rich world is nursing a hang-over from the recent credit boom. All this is accelerating the shift of economic power eastwards. If China can avoid a blow-up in the next decade, it is likely to become the world’s biggest economy by 2018 or 2019, experts say. That should give a boost to the beer industry in the Asia-Pacific region, which at 658 million hl output in 2010 is already the world’s largest. Even if the rapid growth in beer consumption continues for a while, the big question for global brewers is: when will Asia’s low profits per hl finally catch up with its emerging markets’ peers?
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BRAUWELT on tour
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BRAUWELT on tour
