India | The world’s number one drinks company, Diageo, is rumoured to be exploring options to delist its Indian arm, United Spirits, by buying out minority shareholders.
Japan | Japanese brewer Asahi reported a 45 percent decline in first quarter 2020 operating profit, as the covid-19 pandemic forced bars and restaurants in its major markets to shut, hurting its sales.
Australia | The Foreign Investment Review Board, on 7 May 2020, gave its final approval to Asahi’s AUD 16 billion (USD 10.5 billion) bid for Carlton & United (CUB).
Australia | Major brewers Lion and CUB each announced in April 2020 that they are donating resealable bottles to pubs across the country to assist pubs in selling draught beer in a takeaway format.
Australia | Pubs and bars could be shut far longer than in the rest of the world. As social distancing remains a key measure in the battle against covid-19, some health experts have called for pubs and bars to be the last to reopen.
Australia | What has taken the competition authority ACCC so long? More than eight months after the deal’s announcement, the ACCC gave Asahi the go-ahead to take over the country’s leading brewer CUB from AB-InBev.
Australia | Observers have been baffled by the whole process of getting Asahi’s takeover of Carlton & United Breweries (CUB) okayed by the authorities. The USD 11.3 billion deal with AB-InBev was announced in July 2019 and only in April 2020 did the competition watchdog relent.
Australia | The Independent Brewers Association (IBA) is not happy with the approval of Asahi buying Carlton & United Breweries (CUB), as it will lead to further restriction in consumer choice in the on-premise.
Australia | With the 2020 harvest underway, it came as a relief to 2500 wine businesses and 6000 grape growers that their industry has been classed as an essential service during the covid-19 pandemic.
Australia | What is taking the regulator so long to vet Asahi’s purchase of CUB? In an effort to speed things up, Asahi has now proposed to ditch some brands.