-
Home
-
International Report
- Europe/Russia
Europe/Russia
United Kingdom | Veteran investment manager Terry Smith has ditched his fund’s stake in drinks firm Diageo after almost 15 years. He reckons the drinks industry is in trouble due to the impact that weight-loss drugs could have in turning people off alcohol.
Europe/Russia
United Kingdom | Distillers should be worried. UK whisky exports were down by nearly 30 percent by value from January to September 2024, compared with the same period in 2023.
Europe/Russia
Russia | 2025 began with a whole lot of bad tidings for foreign brewers: Not only did Russia confiscate AB-InBev-Efes’ local assets, it also announced new punitive tariffs on imports from countries it deems “unfriendly”, including Germany, effective 1 January 2025.
Europe/Russia
United Kingdom | BrewDog’s co-founder James Watt suggested he may have to delay his marriage to reality TV star Georgia Toffolo for three years, so that he can claim a tax relief for investing in her raw dog food business. This was reported by the BBC on 18 December.
Europe/Russia
Russia | Will AB-InBev-Efes befall the same fate as Carlsberg’s Russian unit Baltika? In a novel twist, Russia’s President Vladimir Putin, on 30 December 2024, signed a decree which placed AB-InBev-Efes’s Russian operations under temporary management. The decree involved handing over all of the joint venture’s assets to a firm called “GK Vmeste”.
Europe/Russia
Belgium | Is the sale of family brewer Het Anker to industry peer Huyghe Brewery, which became public on 26 December 2024, just a lucky match? Or is it a symptom of a wider industry malaise that a swift exit may be the best option all things considered? Beer sales in Belgium dropped 5.8 percent in 2023 over 2022, while exports declined 7.5 percent, according to industry association Belgian Brewers.
Europe/Russia
Portugal | It must be the first time in the industry that a country’s leading brewer opens a craft brewery – not to cash in on a growing trend, but to promote beer culture overall. This is what Super Bock Group hopes to achieve, after investing EUR 4 million (USD 4.2 million) in a former military power plant to establish Browers Beato in Lisbon.
Europe/Russia
Russia | Carlsberg has finalised a deal to sell its Russian assets, including Baltika Breweries, to two senior employees of the company, Reuters reported on 2 December. The day before, Russia’s President Putin had signed a decree which ended state control of the business. The deal, valued at RUB 34 billion (USD 322 million), comes after months of uncertainty following Moscow’s seizure of Baltika in July 2023.
Europe/Russia
Russia | Baltika Brewery has spoken out in favour of the return of beer to Russian football stadiums. Playing down any self-interest, Baltika said that this would not open up an additional sales channel for breweries, but only increase the number of spectators.
Europe/Russia
Russia | When did you last read about the “Yale List” of companies, which tracks western companies’ disengagement from Russia, following the invasion of Ukraine? It must have been a long while ago.
Most Read
BRAUWELT on tour
Most Read
BRAUWELT on tour
