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Europe/Russia
Russia has just lost the economic war with the West, media touted in December, as her currency descended into free fall. Russia’s economy is facing a perfect storm – as is Carlsberg. Since July 2014, Carlsberg’s stock has lost what it managed to gain since 2011. In December alone, Carlsberg’s market value slumped more than USD 2 billion, giving it a market capitalization of DKK 70 billion (USD 12 billion).
Europe/Russia
It’s going to be an interesting year for Carlsberg Germany. The German Federal Cartel Office expects that its case against Carlsberg Germany will go to court in the first six months of 2015.
Europe/Russia
Dr Isaac Sheps, CEO of Baltika Breweries, who resigned on 27 November 2014, is the most high-profile casualty of the Russian beer crisis to date. Only three years ago he had been posted to Russia from Carlsberg UK and replaced Baltika’s then head Anton Artemiev, who had failed to prevent a slump in Baltika’s profits amid declining beer volumes and steep tax hikes.
Europe/Russia
The business climate in Russia seems to be getting icier. The Russian subsidiary of France’s Groupe Danone has demanded an apology from the country’s agriculture minister after he slammed the company for its reportedly substandard dairy products in the latest Kremlin assault against a Western company.
Europe/Russia
What kind of tourists visit Greece these days? Misers? Tee-totallers? Although inbound tourism to Greece has been on the rise over the past few years, beer consumption declined to 3.9 million hl in 2013 from 4.5 million hl in 2008 according to data published by the Brewers of Europe. In the past, thirsty tourists proved a boon to the country’s brewers. Not any longer, it seems.
Europe/Russia
It may only be a temporary victory but it was still extraordinary. The UK government was defeated in a vote in Parliament on the degree of control that parent companies can exercise over pubs. On 18 November 2014 MPs voted 284 to 259 in favour of an amendment, which would allow landlords an independent rent review and give them the right to buy their beer on the open market.
Europe/Russia
You snooze, you lose. Or “those who are late will be punished by life itself“. Mr Gorbachev’s famous words will be ringing in Heineken’s ears. Heineken is the number three brewer in the Czech Republic, which it entered late, in 2003, when it acquired the Czech brewer Starobrno. In 2007, it bought the then German-owned Krusovice brewery from Radeberger, increasing its market share to 8 percent. But even with the purchase of Drinks Union in 2008, Heineken’s share has languished at around 13 percent. Same with Molson Coors. It acquired Staropramen in 2012 when its then owner, the private equity-controlled brewer StarBev, was sold for USD 3.5 billion. Staropramen, which is the country’s number two brewer, has a market share of 18 percent. SABMiller’s Pilsner Urquell is number one with a market share of 47 percent. Budweiser Budvar ranks fourth at 8 percent.
Europe/Russia
At the end of the school year 2013/14 those students to become brewers and malters were offered a special highlight: The Nårke Kulturbryggeri from Örebro in Sweden introduced themselves within the framework of the Erasmus+ project “Young European Apprentices’ Special Training”, short “Y.E.A.S.T.”. A 14-days internship is offered to apprentices and a 60-days internship to those who finished their training successfully.
Europe/Russia
Multinational tax dodging has finally become a top political issue across Europe. The European Commission is probing the terms of tax deals granted by Luxembourg, the Netherlands and Ireland to multinationals, including Apple and Starbucks, media reported in early November 2014.
Europe/Russia
At the opening ceremony of BrauBeviale in Nuremberg on 11 November 2014 Jim Koch of the Boston Beer Company gave a thoughtprovoking presentation on Samuel Adams. Mr Koch was one of three Bavarian Beer Medal winners and in his key note address he went on to tell the tale of his life as a craft beer pioneer.
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BRAUWELT on tour
Most Read
BRAUWELT on tour
