Denmark | Carlsberg said on 13 August 2020 that it has suspended the second tranche of a share buyback and that it would cut an unspecified number of jobs at its head office in Copenhagen.
The Netherlands | Because of the global pandemic, Heineken saw a lot of declines in the first half of 2020: in beer sales, revenue and profit. So much so that it swung into a loss.
United Kingdom | Although locked-down drinkers may have taken to mixing their own cocktails, this wasn’t enough to stop profit tumbling at the Guinness and Smirnoff owner Diageo.
Belgium | AB-InBev’s performance in the second quarter took a bad hit. Profits were down by a third, while beer sales declined about 17 percent, in line with turnover shrinking 17 percent to USD 10 billion year-on-year.
United Kingdom | Responding to accusations that it has re-labelled old kegs with new best-before-dates, Heineken has said that the unbroached kegs, which had been repatriated during the lockdown, have been kept in optimum conditions and are therefore fit to be redistributed.
Germany | In the first half of 2020, beer sales fell 6.6 percent (or 3 million hl) to around 43 million hl compared with the same period 2019, the Federal Statistical Office (Destatis) reported on 30 July 2020.
Denmark | To boost its share price, Carlsberg has issued preliminary first half 2020 figures, and warned that its profit declined while the outlook for summer beer sales remains uncertain.
Ireland | The maker of Magners cider, C&C Group, has appointed Heineken UK’s Managing Director David Forde, 52, as its new CEO. Mr Forde will join C&C at the latest in early 2021.
United Kingdom | What was the government thinking? It designated the US Independence Day – 4 July – as the moment England ends its 15 week-long hibernation and flocks to the pub.
United Kingdom | Beer and pub operator Marston’s reported a bruising swing to loss in its first half, with sales down GBP 40 million (USD 50 million) due to covid-19.