Japan: Asahi Group gives weaker-than-expected profit outlook for the year

Japanese beverage maker Asahi Group Holdings gave a weaker-than-expected profit outlook for the year, as the coronavirus pandemic hit global beer sales, particularly in the high-margin wholesale category for bars ...
Gepubliceerd 05/08/2020 Meer

India: United Breweries doesn’t expect normalcy to be achieved during current financial year

With coronavirus pandemic impacting its operations, United Breweries Ltd (UBL) on August 5 said it expects normalcy to be achieved only after the current financial year. In a regulatory filing, disclosing ...
Gepubliceerd 05/08/2020 Meer

USA, PA: Two Locals Brewing Company to become one of Pennsylvania’s first Black-owned breweries

Pennsylvania’s craft beer scene is about to become more diverse, the Waynesboro Record Herald reported on August 5. Brothers Rich and Mengistu Koilor, who hail from West Philadelphia, are the owners ...
Gepubliceerd 05/08/2020 Meer

World: China’s demand for Canadian, French, Ukrainian barley creates ‘two-speed barley market’ in the Black Sea

China’s increased demand for Canadian, French and Ukrainian barley has created a “two-speed barley market” in the Black Sea, as the major importer looks elsewhere for feed in Australia’s absence, ...
Gepubliceerd 04/08/2020 Meer

World: Heineken reports EUR297 mln net loss for half year ended June 30

Heineken Holding NV said on August 3 that it won't pay an interim dividend as it reported a swing to net loss, as revenue and volumes fell due to the ...
Gepubliceerd 04/08/2020 Meer

World: Beam Suntory sees net sales decline in January-June this year

Maker’s Mark owner Beam Suntory saw net sales decline 3% in the first six months of 2020 due to the coronavirus pandemic, The Spirits Business reported on July 31. From January ...
Gepubliceerd 04/08/2020 Meer

South Africa: South African Breweries cancels $290 mln investment plan

South African Breweries (SAB) said on August 3 it was cancelling 5 billion rand ($290 million) of planned investments as a result of revenue losses sustained during a near three-month ...
Gepubliceerd 04/08/2020 Meer

Japan & South Korea: Japanese brands from beer to clothes walloped by boycott by South Korean consumers

Japanese brands from beer to clothes were walloped by a boycott by South Korean consumers last year - but tech names stood out for their resilience, according to data assessing ...
Gepubliceerd 04/08/2020 Meer

Australia & India: India’s increasing beer consumption good news for Australian barley

An increase in the consumption of beer by a more affluent population in India is part of what makes the country an attractive alternative market for Australian malt barley, the ...
Gepubliceerd 04/08/2020 Meer

World: Global pandemic makes Diageo take a GBP1.3 bln writedown in the year to June 30

The world’s largest spirits maker Diageo has taken a £1.3 bln writedown, becoming the latest drinks group to face impairment charges because of coronavirus, the Financial Times reported on August ...
Gepubliceerd 04/08/2020 Meer