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Europe/Russia
Members of Parliament agreed to ban promotions such as supermarket multi-buy deals, “buy-one-get-one-free” offers. This will come into effect in 2011, making this Christmas the last chance to take advantage of such offers.
Europe/Russia
BWI: PriceWaterhouseCoopers (PWC), in its recent 2010 study, paints a bleak outlook for Europe’s beer supply chain if excise taxes on beer were raised by 20 percent. How realistic is this scenario?
Europe/Russia
However, when stripping out the effect of asset sales from year-earlier results, earnings before interest, taxes, depreciation and amortization (EBITDA), excluding some items, rose 9.1 percent to USD 3.53 billion.
Europe/Russia
Pernod Ricard concluded that its first-quarter trends were encouraging for the full year, with the European market improving. The company is aiming for growth in operating profit from recurring operations of close to 6 percent.
Europe/Russia
On 5 January 2010, AB-InBev announced a large restructuring plan that involved cutting 304 jobs at its sites in Leuven in Flanders, Jupille in Wallonia and at other sites in Wallonia, Flanders and Brussels. Management justified its decision by citing the fall in beer consumption in Belgium by some 20 percent between 2000 and 2008. Nevertheless, trade unions and workers rejected this explanation since the group seemed to have escaped the economic crisis, given the large profits achieved in 2009.
Europe/Russia
Total revenue in the quarter rose 13 percent to EUR 4.6 billion. Net profit was EUR 520 million, the company said, without giving a comparable figure.
Europe/Russia
At the end of October 2010, Brigid Simmonds, Chief Executive of the BBPA, called on the government to give the embattled brewing and pub industries a break by cutting regulation and reducing VAT.
Europe/Russia
C&C’s British sales were also boosted by last year’s purchases of Scottish beer brand Tennent’s from AB-InBev and the UK cider assets of Constellation Brands.
Europe/Russia
Organised in collaboration with the Belgian Brewers and the fine cooks association Euro-Toques International, Alberto da Ponte, President of The Brewers of Europe said: “The gala highlighted the brewing sector’s contribution to the European economy in terms of employment and tax revenues and on issues like community involvement and responsible drinking. We also had a frank discussion about key policy issues, such as the need to get the tax framework right.”
Europe/Russia
Munich media also reported with some glee that Jobst Kayser-Eichberg, who was one of the previous owners, was fully convinced until last year that InBev would vacate the inner city site so that he could develop it.
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BRAUWELT on tour
Most Read
BRAUWELT on tour
