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Europe/Russia
If you want to burn money quickly just invest in wine. This is the lesson one could draw from Diageo’s on-going attic sale. The world’s number one drinks company said on 5 November 2015 that it has sold its wine interests in Argentina to the country’s largest producer, Grupo Peñaflor. The sale includes the Navarro Correas and San Telmo wine brands along with production sites and vineyards, Diageo said.
Europe/Russia
As was widely expected, AB-InBev has reached an agreement with MolsonCoors to sell SABMiller’s 58 percent stake in the MillerCoors business to its joint venture partner for USD 12 billion. This is to ward off U.S. anti-trust opposition to its GBP 71 billion (USD 107 billion) takeover of rival SABMiller. AB-InBev already controls 46 percent of the U.S. beer market.
Europe/Russia
Wanting to be home alone, the Dutch beer giant Heineken announced on 6 November 2015 that it was buying all the outstanding shares of Jamaican brewer Desnoes & Geddes to gain 100 percent control of the company.
Europe/Russia
In case you did not know, 1 November 2015 was World Vegan Day and media took the opportunity to report that the Irish brewer Guinness is changing the way it produces its eponymous stout by eliminating fish bladders, thus making it acceptable to vegetarian and vegan consumers.
Europe/Russia
The two brewers now have until 11 November 2015 to finalise the terms of their proposed USD 104 billion transaction.
Europe/Russia
AB-InBev, which is in the process of taking over rival SABMiller, reported on 30 October 2015 a 45 percent decline in the third-quarter net profit. However, EBITDA improved, along with strong top line results and higher volume.
Europe/Russia
The family controlled Dutch beer company saw global beer sales in the third quarter of 2015 increase 7.5 percent year-on-year, topping EUR 15 billion in revenue for the first nine months of 2015, it was reported on 28 October 2015.
Europe/Russia
True, the supermarket chain Tesco has heaps of problems of its own, but perhaps it’s also a sign of the times that retailers think that a reduction in SKUs will take complexities and costs out of their operations.
Europe/Russia
Who or what reined in Belgium’s legislators? Was it political sense or successful lobbying? In any case, the beer tax hike as of 1 November 2015 will not be as high as proposals suggested in July this year.
Market
Given that Belgian beer consumption has dropped almost a quarter over the past twenty years to 72 litres per capita while one in three breweries shut its doors over the past seventy years, an American delegate at the recent Beer Bloggers Conference in Brussels could be forgiven for asking pointedly: “Are we supposed to be shocked or relieved by these numbers?” He got no reply. Which is no surprise as Belgium’s 160 brewers are so used to facing strong headwinds both domestically and in their export markets that “resilience” must be their middle name.
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BRAUWELT on tour
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BRAUWELT on tour
