Nigeria: Guinness Nigeria’s full-year profit drops by N1.24 bln

Guinness Nigeria has recorded N5.48 billion as profit after tax in the 2019 financial year, the Daily Trust reported on October 23. The company’s Annual Report and Financial Statement for ...
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Japan: Asahi Group CEO betting on alcohol-free beer to drive global profits

Asahi Group Holdings’ Chief Executive Akiyoshi Koji is betting on alcohol-free beer to drive global profits in coming years, leveraging Japanese technology to improve the taste of the European brands ...
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Japan: Kirin to launch non-alcoholic beer with Food with Functional Claim

Kirin is preparing to launch its non-alcoholic beer with a Food with Functional Claim (FFC) label in Japan, BeverageDaily.com reported on October 24. The beer, Kirin Karada Free, contains matured hop ...
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World: AB InBev market value declines on profit warning and weaker than expected Q3 earnings growth

Anheuser-Busch InBev saw more than $13 billion wiped off its market value on October 25, after a profit warning and weaker-than-expected third-quarter earnings growth sparked by reduced demand for its ...
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India: Investigation concludes AB InBev, Carlsberg and UB colluded to fix beer prices - sources

The investigations unit of India’s Competition Commission has concluded that Anheuser-Busch InBev, Carlsberg and United Breweries colluded to fix beer prices, two people with direct knowledge told Reuters. The Competition Commission ...
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Brazil: Heineken to double brewing capacity in Brazil

Heineken, the world’s second-largest brewer, will invest 985 million reais ($244 million) in Brazil to double its production capacity, CEO Mauricio Giamellaro told the Valor Econômico newspaper in an interview ...
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Brazil: Ambev expects price hikes to hurt fourth-quarter numbers to some extent

Brazilian beverages firm Ambev SA expects some of the headwinds that hurt third-quarter results to carry into the fourth-quarter, as recent prices hikes in its home country keep a lid ...
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South Africa: Blossoming craft beer sector trying to get drinkers broaden their tastes

For more than a century, beer-making in South Africa has been dominated by South African Breweries (SAB), a subsidiary of multinational giant Anheuser-Busch InBev. But now a growing movement of ...
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World: Heineken reports 2.3% beer volume rise in Q3, tempers full year profit forecast

Heineken, the world’s second-largest brewer, forecast profit this year would be at the bottom end of its previous guidance after an unexpected dip in third-quarter sales in the Americas partly ...
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Belgium: Medieval ‘super yeasts’ named factor of success for Belgian beers

Belgian beers such as Gueuze or Trappist partly owe their success to medieval hybrid “super yeasts,” according to new research by an international team of scientists led by professors from ...
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