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Europe/Russia
Russia | What are we to make of Russia currently creating the world’s most ambitious and strictest supply chain track and trace system? Its digital system, known as Chestny Znak (trans. “honest sign”), is expected to be fully operational in 2024.
Europe/Russia
Europe | Diageo, LVMH and Davide Campari Milano ended July 2021 with their shares at record highs. While LVMH’s 53 percent growth in organic revenue in the first six months of this year was driven largely by the dominant fashion and leather goods division, the Moët Hennessy wine and spirits arm achieved a sales increase of 56 percent on the coronavirus-crippled 2020.
Europe/Russia
Germany | It is turning into a never-ending story. On 27 August 2021, Carlsberg will be dragged to court again over price fixing which occurred between 2006 and 2008.
Europe/Russia
Germany | All families quarrel. But none more viciously if a business is involved. The five children from the first and second marriage of Rudolf-August Oetker, grandson of the eponymous founder of a custard powder dynasty, and the three offspring from his third have been at each other’s throats for years.
Europe/Russia
United Kingdom | Drinks group Diageo has beaten expectations for full-year sales as it gears up for the reopening of hospitality venues across Europe. On 29 July 2021 it reported net sales of GBP 12.7 billion (USD 17.5 billion) in the year to the end of June, up 8.3 percent on the previous year, but still slightly below 2019 sales which stood at GBP 12.8 billion.
Europe/Russia
Belgium | Michel Doukeris, AB-InBev’s new CEO, will be pleased. The brewer drove second-quarter turnover to above pre-pandemic levels and sharply boosted profit as drinkers took advantage of eased restrictions in its major markets.
Europe/Russia
The Netherlands | Dutch Heineken said on 2 August 2021 that its first-half turnover grew by 14 percent to EUR 12 billion. But it is still trailing more than 10 percent behind the first half of 2019.
Europe/Russia
The Netherlands | How to knock a low margin business into better shape? During Heineken’s investor call on 2 August 2021, CEO Dolf van den Brink explained the recent transformation of its Brazilian business: one is a portfolio shift, the other is a route to market shift.
Europe/Russia
Germany | Beer sales dropped 2.7 percent or 1.1 million hl in the first half of 2021 compared to the same period in 2020. As the Federal Statistical Office (Destatis) reported on 30 July 2021, German breweries sold around 42 million hl beer in the first half of 2021.
Europe/Russia
Germany | Warsteiner Brewery reported a 9.1 percent decline in domestic sales in the first half of 2021, compared to the same period in 2020, when the company had already recorded a decline of 16.4 percent. The brewery did not provide any volume figures. However, observers estimate that sales have dropped to below 900,000 hl beer in the first half of 2021. Warsteiner ranked 7th among Germany’s major beer brands in 2020.
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BRAUWELT on tour
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BRAUWELT on tour
