South Korea: Craft beer maker Jeju Beer sells management rights after underperforming

While South Korea’s beer consumption is declining amid a growing global interest in health, Jeju Beer, the nation’s No. 1 craft beer maker, has sold its management rights after underperforming, ...
Gepubliceerd 20/03/2024 Meer

Malaysia: Carlsberg optimistic about its chances for top premium beer market in Malaysia

Carlsberg Malaysia is optimistic about its chances to conquer the country’s premium Japanese beer market this year with new partner brand Sapporo, with the latter formally replacing Asahi as the ...
Gepubliceerd 20/03/2024 Meer

Nigeria: International Breweries seeks approval for $379.9 million shareholder loan and debt conversion

The Board of International Breweries Plc will as part of a special resolution at the company’s Extra-ordinary General Meeting (EGM) seek approval of a $379.9 million shareholder loan and debt-to-equity ...
Gepubliceerd 20/03/2024 Meer

World: AB InBev completes repurchase of its shared from Altria

Anheuser-Busch InBev SA/NV announced on March 19 the completion of its repurchase of 3,335,417 Ordinary Shares from Altria (the 'Direct Share Buyback'). The aggregate purchase price for the Direct Share ...
Gepubliceerd 20/03/2024 Meer

UK: Brewery closures jump 82% in 2023

The proportion of UK breweries which entered insolvency in 2023 grew by 82% in 2023, rising from 38 in 2022 to 69 by the end of December, according to audit ...
Gepubliceerd 20/03/2024 Meer

EU & UK: Barley crop forecast increased to 61.2 mln tonnes

COCERAL, in its latest forecast for the 2024 European Union/United Kingdom grain crop, trimmed its projection by 1 million tonnes to 295.5 million. If realized, it would still be 3.1 ...
Gepubliceerd 20/03/2024 Meer

USA, OR: Brujos Brewing launches its brick-and-mortar space in northwest Portland

Brujos Brewing officially opened on March 2 its new brick-and-mortar space in northwest Portland. Not to say there was some unholy spirit involved, but as beer sales have fallen nationwide, ...
Gepubliceerd 20/03/2024 Meer

China: China Resources Beer stock target raised, retains Buy rating

On Monday, March 18, Jefferies maintained a Buy rating on China Resources Beer Holdings Co Ltd. and slightly increased the stock price target to HK$44.67 from the previous HK$44.50. The ...
Gepubliceerd 19/03/2024 Meer

World: AB InBev continues to dominate global beer market with a market capitalization of over $123 bln

As the world’s most popular alcoholic beverage, beer can be found in nearly every corner of the globe. But when it comes to the companies that have the largest slice ...
Gepubliceerd 19/03/2024 Meer

Bulgaria: Union of Brewers in Bulgaria reports 3% decline in beer sales last year

At its annual meeting, the Union of Brewers in Bulgaria (UBB) reported BGN 57 million in capital investments in 2023, including over BGN 20 million in fixed tangible assets for ...
Gepubliceerd 19/03/2024 Meer