Print PDF According to Munich’s tourism office, about 200,000 Italians come to Munich to attend the Oktoberfest every year. The “Italian weekend” alone sees 75,000 people, something tourism officials attribute to off-season prices for motor home rentals in Italy. The Italian tourists come to the city they call Monaco di Baviera, and spend their euros. [...]
Print PDF In a press release dated 29.09. the two companies announced the Merger of Heinrich Durst Malz GmbH & Co. KG with the French malting group Soufflet in Nogent sur Seine. As per market perception, one of the biggest, yet independent German maltster will rather be taken over by Soufflet. Both are family owned malting companies with a long tradition. Durst operates in southwestern Germany Malz and Soufflet group, active throughout Europe, will start their common way on 01.10.2011 by common routes, if agreed by antitrust authorities. Soufflet returned as a consolidator [...]
Print PDF After the takeover of Anheuser-Busch, the new ABInbev was highly leveraged, but synergies quickly helped the new Number 1 world wide to be highly profitable. Debt could be reduced quicker than analysts had expected. Reuters and Business Day Online quoted unnamed bankers discussing a possible 80-billion dollar AB Inbev buyout of SAB Miller [...]
Print PDF The Australian Competition and Consumer Commission will not oppose the proposed acquisition of Foster’s Group by SABMiller plc, after concluding that the acquisition is not likely to substantially lessen competition in the Australian market for the supply of bulk and packaged beer. “The ACCC has formed the view that the proposed acquisition is [...]
Print PDF Beers from Belgium, Brazil, Netherlands and Chile received gold medals at the international competition “Copa Cervezas de América 2011.” 21 countries and 280 beer brands took part in the event, which was held for the first time in Chile’s capital Santiago. All beers were blind tasted and evaluated by a jury. The gold [...]
Print PDF Anheuser-Busch InBev announced a set of three-year global goals to drive and measure the impact of its responsible drinking programs around the world. As part of its dream to be the “Best Beer Company in a Better World”, Anheuser-Busch InBev is dedicated to working with governments, NGOs, customers and community partners to help [...]
Print PDF The controversy over the use of “Budweiser” in Britain ended up in a tie: both, the original Czech Budvar beer and the American brrewery Anheuser Busch, may use the same brand name “Budweiser” in the UK, the European Court of Justice ruled. Thus the highest European court confirmed the jurisdiction of an English [...]
Print PDF A new report shows that more than a quarter of a million jobs have been lost in two years as a result of the growing tax burden and impact of the economic crisis on beer, damaging the European economy as a whole. Although there are signs that the downward trend slowed in 2010, [...]
Print PDF Bralirwa Ltd., Heineken’s Rwandan unit, reports its net profit increased by 40.1% in the first half of 2011 to Frw 5.4 billion, driven by a solid operating profit growth. The company’s volume rose by of 26.3% driven by strong growth of the Primus and Mützig beer brands and higher soft drink sales. Revenue [...]
Print PDF SABMiller plc has agreed with Foster’s Group Limited a recommended cash offer to Foster’s shareholders at A$5.10 per share, which values Foster’s equity at approximately A$9.9 billion, the world’s second largest brewer on Wednesday announced. As part of the transaction, and in line with Foster’s previously announced capital management initiative, Foster’s will pay [...]
Print PDF At the 6th Beer and Health Symposium in Brussels top European scientists and researchers confirmed that moderate beer consumption among adults can be consistent with a healthy adult lifestyle. The Symposium highlighted the potential health benefits of moderate beer consumption ranging from a lower risk for cardiovascular disease to positive effects on bone [...]
Print PDF A new production line was launched at Ball Packaging Europe’s plant in the Belgrade district of Zemun, doubling can production fully designated for export. The new production line worth €35 million was officially opened by Boris Tadic, President of the Republic of Serbia, in the presence of other state officials, global and local [...]
Print PDF Diageo plans to step-up their multi-million dollar strategic partnership with Facebook, which will drive unprecedented levels of integration and joint business planning and experimentation between the two companies. The current relationship has seen Diageo enjoy strong return on advertising investment, with an initial study across five key brands in the US* showing a [...]
Print PDF Heineken on Monday announced the launch of a new global company visual identity “that reflects the significant transformation of the Heineken business over the past decade”. At the heart of the new company identity is a re-designed Heineken name, appearing in capital letters, complemented by a red spark to represent the spirit and [...]
Print PDF As previously announced on August 2nd, Kirin Holdings Company, Limited acquired Aleadri-Schinni Participações e Representações S.A., a company that holds 50.45% of the outstanding shares of Schincariol Participações e Representações S.A. (Schincariol). The minority shareholder of Schincariol filed a precautionary measure requesting the suspension of the effects of the transaction, and on August [...]
Print PDF The General Court annuls the €31.66 million fine imposed on Koninklijke Grolsch NV, subsidiary of SABMiller, for its participation in a cartel on the Dutch beer market, the court said on Thursday. By decision of 18 April 2007, the Commission imposed fines totalling more than €273 million on the main Dutch brewers2, Heineken [...]
Print PDF Carlsberg Malaysia announced Group half year Profit after tax of RM80.6 million, for the period ended 30. June 2011, a growth of 16.5% compared to the same six month period a year ago with revenue of RM752.7 million an increase of 5.6%. Earnings per share for the half year increased to 26.15 sen, [...]
Print PDF Molson Coors Brewing Company has been named to the Dow Jones Sustainability North America Index (DJSI North America), marking the first year that the company has been listed on the DJSI. Of the 143 companies that achieved listing on this year’s North American Index, Molson Coors is one of only six companies included [...]
Print PDF Foster’s board unanimously recommended its shareholders to reject SABMiller’s offer, the company said in a statement on Monday. SAB Miller Plc had announced its intention to make a takeover offer for all the shares in Foster’s Group Limited at a price of $4.90 per share in cash reduced by the amount of any [...]
Print PDF UK alcohol consumption in 2010 remains far lower than it was six years ago, with consumption continuing to flat-line – this and a wealth of other key statistics are contained in the latest annual edition of the British Beer & Pub Association’s Statistical Handbook 2011. While there was a small 0.6% rise in [...]
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