Declaring its results at the weekend, the world’s second largest brewing company, SABMiller announced a 17% increase in first half earnings thanks to market gains in Latin America and Africa.
It must be the current glamour of craft beer, as it certainly wasn’t projected profits that resulted in a successful public offer by Marlborough brewer, Moa.
In a new twist on the established brand building business model, Moa beer is seeking to raise NZ$15 million in a public float planned for later this month.
The world’s largest brewer, Anheuser Busch InBev, has announced its purchase of a controlling interest in Mexican brewer Grupo Modelo for US$20.1 billion. The takeover was anticipated early last week and was finalised on Friday.
Coca-Cola Amatil has signalled its intention to become active in the New Zealand beer market with the brands of its international brewing partners, Molson Coors.
South Australian brewer Coopers has taken over brewing Carlsberg for the Australian market.
The shift from industrial beer brands to authentic local brews was one of the features of the international beer market prior to the economic meltdown of five years ago.
The new owners of Australia’s largest beer producer, Fosters, have promised a miracle in performance over the next five years.
Lion has taken the Corona beer agency after its Mexican owner, Grupo Modelo, decided to end its agreement with Foster’s in Australia.
Coca-Cola Amatil (CCA) has decided against exercising its right to purchase Foster’s spirits brands. The option was part of the deal CCA did with SABMiller during that company’s takeover of Foster’s brewing division.
As the battle for share of New Zealand’s draught beer market hots up, there is a suggestion from Australia that the three-way contest could be about to gain an extra competitor.
The announcement of a new chief executive officer for Australia’s biggest brewer, Fosters, has revealed new owner, SABMiller’s strategy to establish the company as a significant player in the Asian market.