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Europe/Russia
Third quarter beer sales in Russia could prove a mixed bag for brewers. While Heineken on 24 October 2012 reported beer volume gains in its Central & Eastern European unit (that’s Bulgaria, the Czech Republic, Poland, Romania, Russia and Serbia!) by 3.6 percent on an organic basis, AB-InBev was forced to admit on 31 October 2012 that it saw its Russian beer volumes decline by 17 percent in the quarter.
Europe/Russia
“Vodka Martini, James?” “No, make mine a Heineken.” The day after James Bond was first seen sipping a Heineken out of a bottle on the big screen – a deal reportedly worth USD 45 million to the Dutch brewer - Heineken said on 24 October 2012 that its third-quarter revenue grew 7.1 percent to EUR 4.97 billion, with an organic growth of 4 percent. Volumes were up 1.5 percent thanks to the brewer selling more beer in the Americas, Eastern Europe and Africa.
Europe/Russia
This is what France’s President Francois Hollande means by squeezing the rich. In his EUR 7 billion tax rise for the well-off and for firms he did not spare the brewers. On 1 October 2012 the French Government unveiled plans to hike beer excise by a staggering 160 percent. This would hit foreign-owned brewers most, as 90 percent of the beer market is controlled by AB-InBev, Heineken and Carlsberg. Beer production in France stood at 17 million hl in 2011.
Europe/Russia
The family shareholders of Duvel Moortgat NV, the brewer of Duvel, are prepared to splash out EUR 125 million to buy all of Duvel’s shares that are not yet in their possession, the company said on 12 October 2012. The family still owns three-quarters of the shares.
Europe/Russia
The saying came to mind about rodents deserting a sinking ship when news broke on 11 October 2012 that Coca Cola Hellenic (CCH) is leaving the country to seek legal incorporation in Switzerland, together with a London stock-market listing. The material impact on Greece will be limited, the company said. The Greek plants will go on working and the business will be unaffected.
Europe/Russia
Beer drinkers, incensed at excessive tax hikes on the nation’s favourite pub drink, are now set to force a debate in Parliament. By 20 September 2012 over 100,000 people had signed an online petition on the issue, launched by the British Beer and Pub Association (BBPA). Campaigners say it’s a wake-up call for the Government and its damaging tax policy on Britain’s beer and pubs.
Europe/Russia
These days, Czech citizens could be forgiven for thinking that Czech Government is an oxymoron – a contradiction in terms – as the country reels from a scandal over adulterated spirits, an attack on the country’s president and a Budweiser Budvar audit which the government is desperate to bury.
Europe/Russia
Anti-European hackles have been raised in the UK and Scotland following a legal threat from Brussels, which challenges Scotland’s First Minister Alex Salmond’s law to impose a minimum price on booze – a plan which Mr Cameron had hoped to follow in England and Wales.
Europe/Russia
Will there be an exodus from Burton to Prague as brewer Molson Coors integrates its European businesses into a single unit as of January 2013? Speculation is rife on the web following the announcement on 1 October 2012 that Molson Coors Europe will combine its UK and Ireland business with its recently acquired businesses in Central Europe and establish new pan-European headquarters in Prague.
Europe/Russia
Is the end near for more than one third of pubs and bars in the UK? According to research by R3, an insolvency trade body, which was released on 26 September 2012, 34 percent of bars and pubs have been identified as “at risk of failure” in the next 12 months.
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BRAUWELT on tour
Most Read
BRAUWELT on tour
