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Beverages Brewers

  • *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...

  • FRANKFORT, Ky.— When someone wants to purchase a keg of beer from craft brewer Adam Watson, he has to turn them away because Kentucky law limits how much he can sell to a customer. That would change if a bill winding through the General Assembly becomes law. Watson, president of the Kentucky Guild of Brewers, said the compromise version will help Kentucky's craft...

  • 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...

  • HONG KONG, Jan 8- China Resources Beer Co Ltd said on Monday it had "moderately" raised prices of some of its products in certain regions, becoming the latest Chinese drinks maker to confirm price increases in response to higher packaging, raw material and labour costs. The owner of China's top beer brand, Snow, said it had adopted various measures, including lean...

  • Jan 5- Premium beer maker Constellation Brands Inc posted a 21 percent surge in profits for its third quarter, as retailers stocked more Corona Extra and Modelo Especial beers during Labor Day and Thanksgiving. The Victor, New York- based company's net income rose to $491.1 million, or $2.44 per share, in the quarter ended Nov. 30, from $405.9 million, or $1.98 per...

  • Dec 23- Makers of craft beer, artisanal spirits, hard cider and mead may lift their glasses a bit higher next year as the result of a little noticed provision in the sweeping tax overhaul the U.S. Congress passed this week. "I've been working on the issue since 1993," said Arthur DeCelle, a McDermott Will& Emery lobbyist working for the brewing industry.

  • *Deal marks Asahi's latest divestment from China's beer market. TOKYO/ HONG KONG, Dec 20- Chinese conglomerate Fosun International is taking a large chunk of Tsingtao Brewery Co after Japan's Asahi Group Holdings said on Wednesday it would sell its entire 19.9 percent stake for a total of 106 billion yen. Asahi said in October it was considering selling its stake...

  • TOKYO/ HONG KONG, Dec 20- Japanese brewer Asahi Group Holdings said on Wednesday it would sell its entire 19.9 percent stake in China's Tsingtao Brewery Co, partly to Chinese conglomerate Fosun International and partly to Tsingtao itself, for a total of 106 billion yen. Asahi said in October it was considering a sale, its latest divestment from China's beer market...

  • TOKYO, Dec 20- Japanese brewer Asahi Group Holdings said on Wednesday it would sell its entire 19.9 percent stake in China's Tsingtao Brewery Co, partly to China's Fosun and partly to Tsingtao itself, for a total of 106 billion yen. Asahi said in October it was considering the sale, its latest divestment from China's beer market as it seeks to expand its business in...

  • TOKYO, Dec 20- Japanese brewer Asahi Group Holdings said on Wednesday it would sell its 19.9 percent stake in China's Tsingtao Brewery Co to China's Fosun and others for a total of 106 billion yen. Asahi said in October it was considering the sale, its latest divestment from China's beer market as it seeks to expand its business in Europe and other Asian markets.

  • Ho CHI MINH CITY/ SINGAPORE, Dec 18- Thai Beverage has won an auction to buy a majority stake worth $4.84 billion in Vietnam's top brewer Sabeco, a lofty deal that adds a major asset to the beer-to-property empire of Thai magnate Charoen Sirivadhanabhakdi. The deal is a big step for Charoen, the son of a Bangkok street vendor, who is emerging as one of Asia's biggest...

  • Dec 7- Budweiser beer maker Anheuser-Busch has reserved 40 Tesla Inc all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the brewer said on Thursday. "At Anheuser-Busch, we are constantly seeking new ways to make our supply chain more sustainable, efficient, and innovative," said James Sembrot, senior director of logistics strategy.

  • CNBC's Landon Dowdy reports on the winners and loser in the booze business as Amazon expands its alcohol delivery service.

  • *Vietnam to kick off Sabeco auction on Dec 18. HO CHI MINH CITY, Nov 29- Vietnam will kick off next month the sale of a majority stake in Sabeco, the country's biggest brewer and maker of the Bia Saigon and 333 beer brands, in an ambitious deal the government hopes will rake in at least $5 billion. "The big sale is to increase the attractiveness," a Vietnam trade ministry...

  • MEXICO CITY, Nov 27- Mexican beer maker Grupo Modelo, a unit of global top brewer Anheuser-Busch InBev, said on Monday it plans to invest 14 billion pesos to build a brewing and bottling plant in the city of Apan in the central state of Hidalgo. Construction is due to begin by the end of this year with operations kicking off in the first quarter of 2019, Mauricio Leyva,...

  • SINGAPORE, Nov 27- Vietnam's biggest brewer Sabeco has received a strong response from potential suitors at an investors' roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the $9 billion maker of Bia Saigon and 333 brews. Vo Thanh Ha said the government is due shortly to publish details of a divestment plan for...

  • LONDON/ BRUSSELS, Nov 13- The world's biggest brewer, Anheuser-Busch InBev, is replacing its North American chief to stem a years-long sales decline in its largest market. The maker of Budweiser and Bud Light said on Monday that Joao Castro Neves would be succeeded on Jan. 1 by another Brazilian company veteran, Michel Doukeris, currently chief sales officer of the...

  • A bartender pours sample glasses of beer for patrons in the taproom at Black Husky Brewing in Milwaukee.

    Craft brewer retail sales growth in 2017 is projected to slow from last year's double-digit pace.