China: Budweiser Brewing Co. APAC shares sharply lower amid Q1 results concerns

Budweiser Brewing Co. APAC shares are sharply lower amid concerns over its first-quarter results as subdued Chinese consumer sentiment continues to hurt consumption the Market Screener reported on April 8. The ...
Published 08/04/2024 More

World: Morgan Stanley upbeat on AB InBev stock but cuts target due to exchange rates

On Monday, April 8 Morgan Stanley made an adjustment to the price target for Anheuser-Busch InBev shares, reducing it slightly to $68.50 from the previous $69.00. Despite this change, the ...
Published 08/04/2024 More

China & USA: China’s Tsingtao 0.0 Non-Alcoholic Beer becomes available in the US

China’s Tsingtao 0.0 Non-Alcoholic Beer has joined the burgeoning zero-alcohol beer category in the US to broaden the reach of the brand, The Drinks Business reported on April 8. Imported by ...
Published 08/04/2024 More

USA: Domestic tax paid beer shipments up in February and in January-February this year

United States’ Beer Institute has published an unofficial estimate of domestic tax paid shipments by beer brewers for February 2024. The February 2024 estimate is 11,900,000 barrels, an increase of ...
Published 08/04/2024 More

USA: Modelo surpasses Bud Light in US ranking amidst non-alcoholic trend

As Americans raise their glasses to celebrate National Beer Day this year, there’s a notable shift in the beer hierarchy. Modelo has officially overtaken Bud Light as the nation’s preferred ...
Published 08/04/2024 More

Nigeria: Nigerian Breweries announce yet another price hike

In what seems to have become a monthly ritual, the Nigerian Breweries Plc has once again announced a hike in the prices of its products that would take effect from ...
Published 07/04/2024 More

Kenya: Keroche Breweries risk losing licence

Keroche Breweries, associated with Nakuru Senator Tabitha Karanja, and London Distillers are among 24 alcohol manufacturers that could lose their licences in 21 days if they do not comply with ...
Published 06/04/2024 More

UK: Stout consumption up 23% between 2021 and 2022

Stout, sometimes thought of as the drink of older men in pubs, is finding a diverse audience – and it’s not just Guinness that’s boosting sales, The Guardian reported on ...
Published 06/04/2024 More

Ukraine: Ukrainian brewers fight to establish identity with new style of beer

In the months following Russia’s February 2022 invasion of Ukraine, US businesses were eager to show support for the besieged nation by flying flags of blue and gold. Few industries ...
Published 06/04/2024 More

Canada, BC: New liquor policy coming to breweries, wineries

The B.C. government has approved a series of regulatory changes it says is designed to improve the experience of people visiting wineries, breweries and distilleries across the province, the Times ...
Published 06/04/2024 More