China: Tsingtao’s third-quarter earnings miss analysts’ estimates

Narrow-moat Tsingtao Brewery’s third-quarter earnings missed analysts’ estimates on revenue and net profit. Sales declined year on year but gross and net profit still grew modestly, as margins benefited from ...
Published 01/11/2023 mehr

India: United Spirits closes its manufacturing plant in Uttar Pradesh

United Spirits Ltd (USL), owned by British multinational alcoholic beverage company Diageo, announced on October 31 that it has closed its manufacturing unit in Uttar Pradesh, which has been in ...
Published 01/11/2023 mehr

EU: 2023-24 barley crop lower than five-year average

The European Commission updated its 2023-24 grain production numbers for its 27 member states last week with soft wheat output increased slightly compared to the September forecast, as were the ...
Published 01/11/2023 mehr

Thailand: Energy drink maker Carabao to mount full-on challenge to country’s dominating beer brands

Thai energy drink maker Carabao Group is preparing to mount a full-on challenge to the country's two dominant beer brands, Singha and Chang, as changing consumer tastes and the easing ...
Published 01/11/2023 mehr

USA, TX: White Rock Alehouse & Brewery to hold grand opening of its new West Dallas location on November 4

White Rock Alehouse & Brewery has expanded its brewery to West Dallas at 2477 N Beckley Ave. The location will be under a new name, White Rock Brewing Co. and ...
Published 01/11/2023 mehr

USA, CO: Loveland's Verboten Brewing to take over Black Bottle Brewery’s Midtown Fort Collins building

Black Bottle Brewery will shutter later this year, making way for Loveland's Verboten Brewing to take over its Midtown Fort Collins building, Black Bottle announced on Facebook on October 27. The ...
Published 01/11/2023 mehr

USA, FL: Persimmon Hollow Brewing Co. closing one of its Florida locations

Persimmon Hollow Brewing Co. is closing its doors in Horizon West, the Observer reported on November 1. Company representatives took to social media Sunday, Oct. 29, to announce the news. "The only ...
Published 01/11/2023 mehr

USA, MA: Bright Ideas Brewing opens new taproom and brewery in Westfield

Bright Ideas Brewing opened the doors to a new taproom and brewery in Westfield last weekend, a move that will increase production of its craft brewing fivefold, according to the ...
Published 01/11/2023 mehr

USA, FL: Voodoo Brewing Co. expects to open in St. Petersburg early next year

A craft beer enthusiast has inked a lease for the shuttered building at 220 4th St. N., St. Petersburg where he plans to open the area’s first Voodoo Brewing Co. ...
Published 01/11/2023 mehr

World: Global brewers set to benefit from better profit margins next year, analysts say

Global brewers like Anheuser-Busch InBev are set to benefit from better profit margins next year, analysts and investors say, because price hikes are unlikely to be reversed despite cost pressures ...
Published 31/10/2023 mehr