Europe/Russia
Needless to add that Ms Bätzing is not a person Germany’s brewers and publicans would call a friend. What irks them particularly is that her initiatives to curb alcohol abuse are clubbed together under the heading “alcohol prevention scheme”. This is no mistake. According to the Bavarian Brewers’ Association, Ms Bätzing is out to curtail alcohol consumption tout court rather than just alcohol abuse.
Europe/Russia
A-B InBev is to move ahead with at least USD 7 billion in asset disposals and cut costs more quickly than expected as it tries to de-leverage its balance sheet, which carries USD 56.5 billion (EUR 45 billion) in debt.
Europe/Russia
For once, Africa is good news. Symrise has launched a series of beverages with African ingredients which have the novelty factor as well as health benefits on their side.
Europe/Russia
"The only difference between a caprice and a life-long passion is that the caprice lasts a little longer", Oscar Wilde has Lord Henry say to the dandy Dorian Gray. "In that case, let our friendship be a caprice", SABMiller, one of the world’s biggest brewers, might have answered Antonio Berardi, celebrated fashion designer of celebrities and wannabees.
Europe/Russia
Designed and presented by some of the industry’s most experienced educators, the two-week WBA Concise Course provides students with comprehensive training in brewing technical theory, the dynamics of brewery operations, and the science behind the creation of consistently excellent beer.
Europe/Russia
It was in 1974 that the family that controlled L’Oréal invited Nestlé to take an indirect holding in the firm. The Bettencourts feared that François Mitterrand, then presidential candidate for France’s Socialist Party, might otherwise nationalise the firm if he was elected.
Europe/Russia
Net profit for the full year was EUR 209 million, down from EUR 807 million in 2007. Sales rose 27 percent to EUR 14.3 billion, boosted by the company’s EUR 10.2 billion acquisition of Scottish & Newcastle in May, which made Heineken the largest brewer in Britain.
Europe/Russia
Gilde in Hannover has always been a regional brand whose fortunes have declined in sync with German beer consumption and InBev’s disdain for the lacklustre brand. At the end of the 1990s, Gilde sold more than 1 million hl. Today the volume of its namesake brand has declined to an estimated 250,000 hl. Unfortunately, the brewery has a capacity of a 1.8 million hl. Which means that it would have been heavily underutilised for years – had not InBev used the extra capacity to brew its other German brand Beck’s there plus 1.2 million hl of a white brand for the German discount supermarket chain Lidl.
Europe/Russia
Carlsberg proposed an annual dividend of DKK 3.50 for 2008, down from DKK 6 a share in 2007 and said it will cut capital expenditure in 2009 to DKK 3.75 billion from DKK 5.3 billion to improve cash flow and reduce debt.
Europe/Russia
Baltika Breweries, the leader on the Russian beer market, on 19 February reported that its net profit edged up 11 percent to RUB 15.5 billion (USD 425 million) in 2008 year-on-year.
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