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Asia/Australia
Having vented their anger at Foster’s Annual Meeting on 25 October 2011 over the allegedly excessive bonuses awarded to Foster’s CEO John Pollaers, shareholders in brewer Foster’s nevertheless gave an overwhelming go ahead to the takeover by SABMiller. On 1 December 2011 at the Scheme Meeting, 99 percent of the shareholders voted in favour of the deal. An OK from at least 75 percent had been required by Australian law.
Asia/Australia
“King of Good Times”: the marketing theme of India’s largest beer producer United Brewery Group (Kingfisher brand) is one of the most recalled advertising catch line in the Indian industry. UB Group sells more than half of the beers sold in India, while its liquor business controls three-fourths of the Indian market. And we are not talking about beer or spirits industry alone.
Asia/Australia
Let’s hope SABMiller know what they are getting themselves in. The country’s major retailers Coles and Woolworths are locked in a discount liquor price war as the festive season approaches. With prices cut by up to 31 percent at its Liquorland and 1st Choice chain of stores, Coles declared a "war on liquor prices" on 16 November 2011. That was not long before Woolworths countered by saying that prices in its Dan Murphy stores would always be lower.
Asia/Australia
Like most companies across Australia's retail, grocery and other consumer goods sectors, Lion continued to experience tough market conditions during its third quarter. The brewer-to-drinks-to-dairy company, which is wholly owned by Japan's Kirin, reported on 4 November 2011 its third quarter results for the three months to 30 June 2011.
Asia/Australia
Foster’s shareholders were not amused. Actually, they were quite irate at Foster’s – probably – last Annual General Meeting held in Sydney on 25 October 2011, as 42 percent of shareholders rejected an AUD 5.2 million (USD 5.5 million) pay and perks package for Chief Executive John Pollaers.
Asia/Australia
More often than not, beer packaging is one of the most challenging arenas for beer producers across the globe. By its nature, the beer industry is very dynamic, where product innovation and changes have happened at a very fast pace across the different geographies. However, innovations in packaging have followed quite longer cycles. Much of this limitation can be attributed to the product. From amphorae in ancient times to glass bottles and then metal cans in the 20th century, beer packaging has changed at a snail’s pace. Glass and metal have dominated the market for the last 50 years and continue to do so in Indian industry.
Filtration
To avoid the demography-is-destiny-trap, Japanese firms are looking overseas for growth. But it’s a big leap to become a fully-fledged international player.
Asia/Australia
If you listen to wine companies explain why they aren’t doing well, they are never short of excuses. The weather, the supermarkets, the consumers. The latest excuse seems to be „international currency movements“. Heavens know how the wine industry could ever dream of going global.
Asia/Australia
Heineken has every reason to feel concerned about Fraser and Neave’s (F&N) future plans. At the end of September 2011, the Singaporean conglomerate, whose interests range from food and beverages to real estate, ended a 75 year partnership with The Coca-Cola Company. Or rather, it was Coke which did not want to renew their contract.
Asia/Australia
SABMiller’s AUD 11.5 billion bid for Foster’s looks set for success as key shareholders backed the sweetened deal on 21 September 2011 with only an outside chance of a rival offer.
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BRAUWELT on tour
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BRAUWELT on tour
