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Asia/Australia
Carlsberg is keen to develop Asia as an additional growth engine to reduce its dependency on mature western European markets and the group’s big but unpredictable Russian operations, Baltika.
Asia/Australia
For over 30 years Mr O’Donnell has filled various technical roles at Courage Australia, Toohey’s (Lion Nathan) and Foster’s.
Asia/Australia
For once, this is not going to be a story about the ailing pub retail sector in the UK whose alarming numbers of weekly pub closures have dominated the news for two years now. Across the Atlantic, the situation is hardly any better. The U.S. restaurant industry, which constitutes fast food, casual dining and upscale chains, is facing its toughest times in three decades. Due to the ongoing economic turmoil and significant unemployment, consumer demand is expected to drop by 4 percent this year, says Alix Partners, a consultancy in a recent report.
Asia/Australia
Media sources say that both Korean banks and foreign institution have lined up in recent months to court the two private equity outfits for a recapitalisation of the number-two South Korean brewer.
Asia/Australia
Pacific Beverages’ revenue for 2009 jumped to AUD 109.14 million (EUR 75 million) from AUD 78.7 million in 2008, a gain of 38.7 percent despite the slowdown in the beer market.
Asia/Australia
In retrospect it’s easy to say: “We have always told you so. This will not fly.” I remember that’s what people said when the spirits company Grand Metropolitan and brewer Guinness combined to form Diageo in 1997. And where is Diageo today? At the top. Did they have to sell Guinness? No. Would there have been buyers for Guinness? Definitely. Plenty. And did Diageo stay clear off wine? No. Theirs is in fact a multi-beverage strategy that did fly. Although their wine portfolio is nowhere near as large as Foster’s. That’s a fact, too.
Asia/Australia
The Foster’s Group Ltd., Australia’s biggest liquor maker, plans to spin off its wine unit, unwinding an AUD 6.8 billion (EUR 4.7 billion) expansion marred by falling prices and shrinking profit margins.
Asia/Australia
Constellation Brands, the world’s major wine company, which has been selling off vineyards in Australia for two years now, has announced plans in April 2010 to offload another of its wine assets through the planned sale of Amberley Estate in the Margaret River region, West Australia.
Asia/Australia
Deutsche won the mandate to advise Kirin in the Lion Nathan deal and ASIC is investigating whether the confidentiality of the bid was breached. The deal gave Deutsche the Lion Nathan “tombstone”, slang for an investment banker’s brag for a completed deal. In the deal, Lion Nathan agreed to Kirin’s offer of AUD 12.22 a share. The company went into a trading halt on 23 April last year at AUD 7.96 a share; when it resumed trading, prices shot to AUD 11.09.
Asia/Australia
The Henry Taxation Review, which represented no less than a complete examination of Australia’s tax system, recommended an introduction of volumetric excise for all alcoholic beverages, which would have hit the Australian wine industry hard: it would have forced the cost of four- or five-litre cask wine to triple, while trendy two-litre boxes would have more than doubled in price, according to wine industry forecasts.
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BRAUWELT on tour
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BRAUWELT on tour
