Constellation Brands’ Corona and Modelo beers help push net sales 7% higher

USA – Wine and spirits company, Constellation Brands has recorded 7% increase in in net sales to US$8.12 billion for the year ended 28 February, boosted by its Corona and Modelo beer brands. The beers category which also includes Funky Buddha, Four Corners and Ballast Point recorded 11.6% increase in net sales for the year,…

Heineken buys 2.8% stake in United Breweries to grow Indian beer market

INDIA – The Dutch brewing company, Heineken has acquired a 2.8% stake in India’s leading beer manufacturer, United Breweries, expanding its reach in the country’s beer market. Heineken has purchased 7,400,000 shares of United Breweries Holding (UBHL) from the ED (Directorate of Enforcement), the government agency. According to sources familiar with the matter and identified…

FSSAI eases higher yeast count restriction rules on craft breweries

INDIA – The Food Safety & Standards Authority of India (FSSAI) has said it will allow craft breweries to continue making beer with higher yeast content, reversing the yeast count restrictions imposed earlier in February. The news come as a relief to micro-breweries in the country as craft beers have yeast content as high as…

Guinness Nigeria launches new Premium lager beer to grow its portfolio

NIGERIA - Guinness Nigeria Plc, a subsidiary of Diageo Plc, has launched a new premium lager beer the ‘Guinness Gold’ into the local beer market. The company describes Guinness Gold as a beer that brings a rich, amber gold, great flavour and great taste to discerning Nigerians who expect more from their lager beer experience,…

Kenya Breweries Limited launches new ale for the premium beer market

KENYA - Kenya Breweries Limited (KBL), a subsidiary of the global brewer, Diageo has launched ‘Tusker Premium Ale’, a premium offering that expands its premium beer portfolio. The new premium ale, which the brewer says is made from aromatic hops and crystal malt, targets the middle-class in a bid to counter consumers’ increasing shift to…

Carlsberg acquires minority stake in Chinese craft brewery Jing-A

CHINA – The Danish brewery group, Carlsberg has acquired a minority stake in Beijing based micro-brewery Jing-A Brewing Co for an undisclosed amount. According to a report by Inside Beer, Jing-A will remain in control of producing its craft and specialty beers and developing its brand, while Carlsberg will distribute its beers. Founded in 2012…

Carlsberg unveils new Danish Pilsner beer in the UK to strengthen brand

UK – Global brewer, Carlsberg has unveiled a ‘better’ brand of its flagship Carlsberg beer in the UK called Carlsberg Danish Pilsner backed by ‘multi-million-pound’ investment. Available in the UK starting March 1, Carlsberg said the new beer brand with improved quality perceptions, enhances the consumer drinking experience and minimise its environmental impact. The trade…

Champion Breweries profit declines 21% with low sales in nine months

NIGERIA – Champion Breweries, the Nigerian based company engaged in brewing business has reported a 21% drop in profits for the first nine months of 2018 to US$330,578.52. According to a Beverage Industry News report, profit decline accelerated in the third quarter by 40% to US$110,192.84, from US$181,818.19 in the previous year. The drop in…

United Kingdom hikes wine duty but freezes duty on beer, spirits and cider

UK – United Kingdom Chancellor Phillip Hammond has announced that duty tax on wine will increase while that on beer, spirits and cider would remain the same in line with the rate of inflation, effective 1 February 2019. Duties on beer and spirits will remain at the same level as last year in a bid…

Guinness Nigeria posts 14% increase in revenue despite declining beer market

NIGERIA - Guinness Nigeria Plc has reported 14% rise in revenue to US$395.07 million from US$347.93 million recorded in the 2017 financial year despite the continued decline of the beer market, reports Beverage Industry News. The beer market declined by 14% in volume during the year, driven by Ready-to-drink (RTD), stout and lager, which declined…