Beverages
Brewers
If British marketers are to be believed, nothing is a better royal wedding tribute than a limited-edition bucket of fried chicken chased with a bottle or two of Royal Wedding pale ale. If you're tucking in to watch the wedding from home but want to feel "part of" it you can enjoy a bowl of "Wedding Rings" cereal, featuring Prince Harry and Meghan Markle on the box and sold...
The 2018 Craft Beer of China Exhibition features breweries like Rasenburg Beer, Myth Monkey Brewing, Lazy Taps, Goose Island and Boxing Cat Brewery that are sharing tips on the latest technology and sales trends as Chinese shift from legacy brews to more experimental, refined, and expensive flavors. There's money to be made in China, which drinks a quarter of all...
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RALEIGH, N.C.— Craft brewers in a froth over a North Carolina law requiring beer-makers to hand over substantial control of their product to an outside company on Tuesday sought communications involving one of the state's most powerful political interest groups. Olde Mecklenburg Brewery and Noda Brewing Co. also are seeking state alcohol commission...
LOS ANGELES, May 8- Yum Brands Inc's Pizza Hut chain is expanding a beer delivery test to nearly 100 restaurants in Arizona and California this month as industry leaders vie for market share in the face of sluggish growth. The enlarged Pizza Hut test will include Arizona cities such as Tucson, Prescott and Winslow. "Many Pizza Hut restaurants are already licensed...
We are taking one for the team, says Jim McGreevy, Beer Institute CEO, discussing how surging aluminum prices are disrupting the price of packaging and creating supply chain uncertainty.
BRUSSELS, April 18- Heineken, the world's second largest brewer, increased beer sales in the first three months of 2018, with an earlier Easter and sharp volume increases in Asia and the Americas countering weakness in Europe. The earlier Easter meant stocking ahead of the festive period took place in March rather than April, helping to boost volumes by 6.8...
BUENOS AIRES, March 14- Argentina's production ministry said on Wednesday it had approved a proposal from brewer Anheuser Busch InBev NV to divest seven of its brands in the country as a condition for its 2016 takeover of SAB Miller. The $100 billion- plus takeover, which won overwhelming backing from SAB Miller shareholders in 2016, was met with similar...
CNBC's Robert Frank takes a look at what goes into making a $200 bottle of beer with Samuel Adams Brewery's Jim Koch.
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ABUJA, March 11- Nigeria's President Muhammadu Buhari has approved an increase in excise duties on tobacco and alcoholic beverages, the finance ministry said in a statement on Sunday. Raising duties in Nigeria for alcohol could further hit consumer demand amid fragile growth. Anheuser-Busch InBev, the world's largest beer maker, expects its new $250 million...
CAPE TOWN, March 1- Anheuser-Busch InBev, the world's largest beer maker, expects its new $250 million brewery being built in Sagamu, Nigeria, to start production in the middle of this year, the head of its Africa operations said on Thursday. "For the long term, in five to 10 years, Africa will be an important growth driver for the global company," Ricardo Tadeu told...
CAPE TOWN, March 1- Anheuser-Busch InBev, the world's largest beer maker, expects its new $250 million brewery being built in Sagamu, Nigeria, to start first production in the middle of this year, the head of its Africa operations said on Thursday.
LEUVEN, Belgium, March 1- Anheuser-Busch InBev, the world's largest beer maker, cautioned U.S. Trump has vowed to take steps to crack down on imports of steel and aluminium and has been considering imposing hefty tariffs or quotas on imports of the metals from China and other countries under a national security law. "So if you do something drastic in aluminium it...
LEUVEN, Belgium, March 1- Anheuser-Busch InBev, the world's largest beer maker, cautioned U.S. Trump has vowed to take steps to crack down on imports of steel and aluminum and has been considering imposing hefty tariffs or quotas on imports of the metals from China and other countries under a national security law. "So if you do something drastic in aluminum it could...
*Q4 core profit $6.19 bln vs consensus $6.03 bln. LEUVEN, Belgium, March 1- Anheuser-Busch InBev, the world's largest brewer, forecast strong growth this year after a recovery in Brazil led to higher than expected earnings at the end of 2017, its first year since buying closest rival SABMiller. However, he cautioned that the first quarter could be weaker because of...
*Q4 core profit $6.19 bln vs consensus $6.03 bln. LEUVEN, Belgium, March 1- Anheuser-Busch InBev, the world's largest brewer, forecast strong revenue and profit growth this year after Brazil's rebound led to higher than expected earnings at the end of 2017.. However, he cautioned that the first quarter could be weaker because of an early Carnival, which typically...
MEXICO CITY, Feb 27- The world's second largest brewer, Heineken, is optimistic that talks to revamp the NAFTA trade deal will be successful, its Americas division chief said on Tuesday after attending the opening of the firm's seventh brewery in Mexico. The process of getting beer from a brewery in Mexico to the United States involves a complex, cross-border...
*2017 op profit 3.76 bln euros vs 3.75 bln expected. BRUSSELS, Feb 12- Volatile markets and an acquisition in Brazil prompted the world's second largest brewer Heineken to warn its profitability in 2018 would improve by less than the target it had set for the previous three years. The Dutch brewer, whose Heineken lager is the top seller in Europe, had a target of...
BRUSSELS, Feb 12- Heineken NV, the world's second largest brewer, said on Monday its operating margin in 2018 would grow below the rate it had guided for between 2014 and 2017, citing a volatile market environment and an acquisition in Brazil. Operating profit before one-offs in 2017 came in at 3.76 billion euros, a gain of 6.2 percent, and in line with the average...
BRUSSELS, Feb 12- Heineken NV, the world's second largest brewer, on Monday said it expected its operating margins to expand by less than previously, citing a volatile market environment. The Dutch brewer, whose Heineken lager is the top seller in Europe, had a target of increasing its operating margin by 40 basis points per year between 2014 and 2017 and said it...
COPENHAGEN, Feb 7- Attempts by Russia to curb alcohol abuse, including limiting the size of plastic beer bottles, hit sales of Danish brewer Carlsberg and pushed its 2017 profit well below analysts' expectations. Carlsberg has struggled in Russia, its main Eastern European market, since it took control of the country's largest beer brand Baltika in 2008 due to a...
