South Korea: HiteJinro sees operating profit fall 27% y-y in 4Q20

HiteJinro’s consolidated operating profit fell 27% y-y in 4Q20, missing consensus. Its soju and beer sales declined amid stricter social distancing measures, and profitability was dampened by the booking of ...
Опублікований 14/02/2021 Далi

Japan: All four leading brewers report y-o-y falls in consolidated sales last year

All four major Japanese brewers have reported year-on-year falls in consolidated sales in the business year to December 2020, reflecting sluggish demand from business customers both at home and abroad ...
Опублікований 14/02/2021 Далi

Japan: Asahi reports 3% revenue decrease for 2020

Asahi has reported a 3% revenue decrease, its full-year 2020 results showed, Checkout.ie reported on February 15. The Japanese beverage group said its core operating profit fell by 21% year on ...
Опублікований 14/02/2021 Далi

UK: United Malt Group’s Baird’s Malt division to close one of its five malting plants in the UK

Australian-based maltster United Malt Group will close one of its five operations in the UK at Grantham, consolidating production at a second malt house in England at Witham and Arbroath ...
Опублікований 14/02/2021 Далi

Japan: Japan Spirits & Liqueurs Makers Association announces sweeping new regulations for Japanese whisky

The Japan Spirits & Liqueurs Makers Association has announced a sweeping new set of industry-wide regulations aimed at curbing the spread of products labelled as ‘Japanese whisky’ that are sometimes ...
Опублікований 14/02/2021 Далi

The Netherlands: No Carnival this year means brewers will lose millions of euros in lost revenue

Normally, beer brewing giants, such as Heineken, AB InBev and Swinkels, would be looking forward to this time of year with millions of euros in revenue expected during the Carnival ...
Опублікований 14/02/2021 Далi

UK: Chivas Brothers calls for removal of tariffs on single malt Scotch exports to the US and a cut in spirits duty in next UK budget

The chairman and chief executive of Chivas Brothers, the Scotch whisky business of Pernod Ricard, used the firm's results call to call for the removal of tariffs on single malt ...
Опублікований 14/02/2021 Далi

UK: Exports of Scotch whisky fall by more than £1 bln in 2020

Exports of Scotch whisky fell by more than £1.1 billion in 2020 to the lowest level in a decade, according to an industry body. The Scotch Whisky Association (SWA) blamed the ...
Опублікований 14/02/2021 Далi

Japan & Myanmar: Kirin wants to keep selling beer in Myanmar despite scrapped alliance with local JV partner

Japanese drinks giant Kirin Holdings said it wanted to keep selling beer in Myanmar even after the recent coup prompted it to scrap its alliance with a joint venture partner ...
Опублікований 14/02/2021 Далi

Canada: Perpetual beer-tax hikes not helping Canada’s economy to recover

As with all businesses, the past 10 months have proven to be anything but normal for Canadian brewing companies. As the first wave of lockdowns took hold, brewing companies were ...
Опублікований 14/02/2021 Далi