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Asia/Australia
It’s like a mass mutiny. First Stella, then Asahi and Corona, now Carlsberg. One by one, Foster’s is being deserted by foreign brand owners. The latest ones to leave the Foster’s stable are Carlsberg and Kronenbourg, both owned by the Danish Carlsberg Group.
Asia/Australia
India’s largest brewer, United Breweries Limited is likely to undergo a major restructuring in shareholding pattern. According to grapevine Heineken is likely to emerge as majority shareholder in the company. Heineken had acquired a 37.38 percent stake in United Breweries Limited as a result of its takeover of Scottish and Newcastle in 2008. Since then, Heineken has had two non-executive representatives on the board and a chief executive officer in UBL. The Amsterdam based global beer major had indicated at that time that India is a market with significant upside.
Asia/Australia
The move had been expected but it still came as a surprise when Mexican brewer Grupo Modelo, the parent of Corona Extra, abruptly terminated its contract with Foster’s as of 9 March 2012.
Asia/Australia
Did his resignation pre-empt his being kicked out? In late February 2012 Rob Murray, 49, informed the board of brewer-cum-dairy company Lion that he would like to move on to a different phase of his life and give up his CEO role in 2013. His resignation came only weeks after Lion reported a disastrous beating of its profits for the year to 30 September 2011.
Asia/Australia
Hello? Didn’t they do due diligence before they bought Foster’s? So why complain now? At two recent investor conferences in the U.S. (February 2012) SABMiller’s head of investor relations, Gary Leibowitz, accused former Foster’s CEO John Pollaers and his team of failing to properly implement beer sales and marketing fundamentals and said it’s time to go back to basics.
Asia/Australia
What a partner Heineken has picked in India. The larger-than-life entrepreneur Vijay Mallya is having troubles both at his Kingfisher Airlines and at his liquor company United Spirits. On 20 February 2012 The Times of India newspaper reported that the beleaguered Kingfisher Airlines’ operator Mallya plans not to shut down the private carrier which struggled to stay afloat after further large-scale flight disruptions and resignation of pilots.
Asia/Australia
Will Foster’s be trembling in their boots? Coca-Cola Amatil chief Terry Davis has warned former joint-venture partner SABMiller, the new owner of brewing major Foster’s, that he will be back in the Australian beer market in 2014. Speaking at the release of the Coca-Cola Amatil’s (CCA) annual results on 22 February 2012, Mr Davis said expansion into the alcoholic beverage sector remained a "core strategy for CCA".
Asia/Australia
When the supermarket chain Coles began selling two-litre bottles of house brand milk for AUD 2 (USD 2.12) in January last year, a discount of up to 33 percent that was instantly matched by larger rival Woolworths and German-owned discounter Aldi, Australia’s brewer-cum-dairy-company Lion knew they were in for a rough year.
Asia/Australia
It’s that time of the year for Coca-Cola and Pepsi: Infamous Indian summer is just around the corner and cola companies in this geographically wide market react to the weather, with temperatures reaching up to 42–45 degree Celsius during the four month (April – July) period. In an early move, before the onset of summer, Coca-Cola India has decided to reduce prices for its 200 ml returnable glass bottle. The price of Coke bottles will be cut by INR 2 to a uniform Rs 8 across the country. Competitor Pepsi may do the same as the 200 ml glass bottle segment is very price-sensitive as most of its sales come from rural areas and small towns. Glass bottles account for around 35 percent of sales, PET bottles account for 63 percent and cans for 2 percent of total cola sales in the country.
Market
2011 was all about beer. Newspapers, magazines, blogs. Microbreweries got tons of great press. So BRAUWELT International went to the Middle East to find out what’s really going on.
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