Beverages
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BrewDog forms craft beer joint venture with Budweiser China to tap into fast-growing segment of China
CHINA – BrewDog, a Scottish multinational brewery and pub chain, is in a joint venture with Budweiser China, the largest international brewer in the market,…
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Rishi Pardal, MD & CEO of United Breweries Limited resigns after three years in office
INDIA – The Managing Director and Chief Executive Officer, Rishi Pardal, has tendered his resignation to United Breweries Limited, an Indian arm of Dutch multinational…
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Beam Suntory posts 13% net sales rise in FY22, premium brands command half of full bottle spirits sales
JAPAN – Beam Suntory, a Japanese multinational alcohol company, has posted a 10.5% year-on-year jump in net sales in the 2022 full-year results that saw…
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Tax relief on EABL’s Senator keg drops by US$192.5m in three years
KENYA – East African Breweries Plc (EABL) is reported to have lost around Sh23.8 billion (approx. 192.5m) in tax relief for its low-end beer brand…
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Heineken begins US$1bn shares buyback from exiting shareholder FEMSA
NETHERLANDS – Heineken has bought €1 billion (US$1 billion) worth of shares from the Mexican Coca-Cola bottler and convenience store operator Fomento Economico Mexicano SAB(FEMSA).…