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Asia/Australia
In keeping with the Government’s war on binge drinking, John Harvey has learnt that the concessional tax on low-alcohol beer, worth AUD 48 million over four years, is likely to be retained but the concessional rate of excise on brandy, which is 7 percent lower than for other spirits will disappear, at a cost to drinkers of AUD 20 million.
Asia/Australia
In Australia, cider may be the next big thing, as RTDs are taxed out of popularity and sales of beers and wines remain static. Moreover, cider is benefiting from a decade-long trend of drinkers experimenting outside their usual beer and wine choices.
Asia/Australia
According to rumour, private-equity firms Kohlberg Kravis Roberts & Co and Affinity Equity Partners are among the bidders that qualified for the second round.
Asia/Australia
On 19 March, organisers of the Australian International Beer Awards (AIBA), which was established 16 years ago to reward excellence in the field of brewing
Asia/Australia
Following the decision by the Australian senate to reject the RTD tax, Australia’s largest distillers have confirmed their immediate commitment to donate any tax refunds they receive to DrinkWise Australia.
Asia/Australia
Nielsen ScanTrack Liquor figures to the end of January this year suggest RTD sales have dropped dramatically by 29 percent since the introduction of the excise hike on 27 April 2008. Between May last year and January this year, the number of RTDs sold dropped by a total of 310 million standard drinks.
Asia/Australia
The Coca-Cola Company should have seen it coming. Remember how the Chinese government responded to the purchase of Anheuser-Busch by InBev last year?
Asia/Australia
On 19 February, Lion Nathan reported an increase of 7 percent in net sales for the quarter ending 31 December 2008 and reaffirmed its operating profit guidance of profit rising to AUD 315 million (EUR 160 million) for fiscal 2009. The domestic beer market is still strong with drinkers moving to premium, low-carb and mid-strength beers.
Asia/Australia
A sale to Kirin would reduce San Miguel Corp.’s stake in the brewing unit to 51 percent from 94.25 percent, according to estimates.
Asia/Australia
We shall never find out the truth behind Steel Partners withdrawing its offer. It is equally likely that Steel Partners was strapped for money – many funds these days are.
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BRAUWELT on tour
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BRAUWELT on tour
