Lion buys Stone & Wood for AUD 500 million: Is it such a big deal?
Australia | Despite having been in and out of lockdowns for longer than any of us, many Australians have become rather serene about their lot. But come the sale of craft brewer Stone & Wood to the country’s number two brewer, Kirin-owned Lion, in September, there was suddenly talk about it “sending shockwaves through the industry” (the website craftypint.com). Elsewhere, the acquisition, which is subject to regulatory approval, has been described as a bombshell, the end of an era, a devastating blow for the independent sector, etc.