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Europe/Russia
United Kingdom | BrewDog was late in reporting its 2023 financials. The numbers were certainly better than last year’s, but the Scottish beer, drinks and pub operator still spilled red ink.
Europe/Russia
Austria | What a challenge. Soft drinks giant Coca-Cola HBC is recalling 28 million half-litre plastic bottles across a range of brands, fearing some could contain small pieces of metal after a glitch in one of its bottling plants. Reportedly, a sieve had burst during production.
Europe/Russia
Belgium | Shares in AB-InBev came under pressure on 31 October, after the brewer posted a sharper-than-expected 3.1 percent drop in beer volumes. Total volumes fell 2.4 percent in the third quarter, dragged down mainly by a 14.2 percent slide in volumes in China.
Europe/Russia
The Netherlands | Sometimes investors seem to be grateful for small mercies. Dutch brewer Heineken’s third-quarter sales figures beat forecasts on 23 October, buoyed by higher priced and non-alcoholic beers. The world’s number two brewer reported a 3.3 percent rise in organic net revenue year-on-year, beating analyst expectations of 3.2 percent growth.
Europe/Russia
Scotland | Staff at BrewDog’s Ellon brewery in Aberdeenshire were read the riot act in a furious email about “sour beer” by Chris Fielden, the firm’s chief supply chain officer, after the firm had received a record number of complaints.
Europe/Russia
United Kingdom | Is Pimm’s too much of an English thing? Drinks firm Diageo had to scrap the sale of its gin liqueur Pimm’s after failing to reach a deal with potential buyers.
Europe/Russia
United Kingdom | Carlsberg’s UK venture, Carlsberg Marston’s Brewing Company (CMBC), is planning to shutter the Banks’s Brewery in Wolverhampton in autumn next year. Nearly 100 employees will be affected by the closure.
Europe/Russia
United Kingdom | On 24th September, Diageo began a trial of a 90 percent paper-based bottle for Johnnie Walker Black Label whisky at its Johnnie Walker Princes Street bar in Edinburgh. The drinks firm hopes to both reduce the amount of packaging it uses and change the materials used, in order to bring down its Scope 3 emissions.
Europe/Russia
Luxembourg | The Advocate General of the European Court of Justice (ECJ), on 27 September, issued her opinion that the damages claims, resulting from market abuses by Heineken’s Greek subsidiary, should be decided by a court in the Netherlands.
Europe/Russia
United Kingdom | The UK is a tough market, not just for craft brewers but for Big Brewers too. While Heineken UK saw its profit cut in 2023, Budweiser Brewing Group, the UK and Ireland business of AB-InBev, continued to make a substantial loss during its latest financial year despite raising its prices, UK media reported on 30 September.
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BRAUWELT on tour
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BRAUWELT on tour
