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Asia/Australia
What will be the new look of business conglomerate San Miguel, having recently sold its entire 65 percent stake in its softdrink arm to joint-venture partner Coca Cola Co?
Asia/Australia
Investors must have been pleased that shortly before closing time Lion Nathan pulled away from an escalating price war, with a price tag of over AUD 1 billion for the company founded in 1987 by the late Michael Erceg, who died in a plane crash in November 2005. A sale of Independent Liquor has been pending since mid-2006.
Asia/Australia
If Kirin’s forecast were to materialise, this might be the time to pick up some shares in the brewer.
Asia/Australia
Although they could have leant back and watched their piles of money grow, Bob Oatley and his family, whose famous Rosemount brand kick-started the Australian wine export boom, and who sold out to Foster’s two years ago, have re-entered the industry – as vintners.
Asia/Australia
SABMiller’s Chinese venture, in which SABMiller has 49 percent, plans to pay USD 320 million or USD 42 per hl to buy the shares it does not own yet in the leading brewer in China’s Southwest.
Asia/Australia
According to reports in the Indian media, Anheuser-Busch is planning to enter the local beer market through a joint venture. Anheuser-Busch is expected to roll out its flagship Budweiser and another strong beer in the first half of 2007 in partnership with India’s Crown Breweries from a plant in the southern Indian city of Hyderabad.
Asia/Australia
Only a few months ago Aussie beer drinkers have been hit with the latest massive price rise on their favourite domestic brews. That was nothing out of the ordinary. New research shows that big beer companies have imposed huge price increases on mainstream beers like VB, Carlton Draught and Tooheys in recent years.
Asia/Australia
Having entered the Chinese beer market in 1994 through its 49 percent stake in China Resources Snow Breweries (CR Snow), SABMiller has managed to become China’s major brewer with a market share of 14.9 percent (by its own account), followed by Tsingtao Brewery Co. Ltd., which has a share of 13.9 percent and Yanjing Brewery Co. which has 10.2 percent.
Asia/Australia
You would have thought that Coca-Cola learnt a thing or two from its Belgian PR blunder in 1999, when the Belgian Government temporarily banned the sale of all Coca-Cola drinks. More than 100 children had to be hospitalised following the consumption of coke’s drinks which forced Coca-Cola to withdraw some 15 million cans and bottles from sales – its biggest product recall in its corporate history. Come August 2006: a different location but the picture is uncannily the same.
Asia/Australia
All it took was a bit of takeover speculation published in the national media and the Foster’s Group Ltd, Australia’s biggest beer and wine maker, saw its shares jump 9.2 percent to a record high of 5.95 AUD at the end of August. The Sydney Morning Herald newspaper had said that Foster’s was being sought by a number of suitors. Although Foster’s Chief Executive Trevor O’Hoy was quick to point out that the company hadn’t received any specific takeover offers, which subsequently sent the shares down as much as 3 percent, the published rumour still served as a timely reminder that Foster’s strategy of self-defence was not all that deterring if put to the test.
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BRAUWELT on tour
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BRAUWELT on tour
