Tag: beer

Carlsberg reports strong first half boosted by Asia, premium beers sales

Food Business Africa

DENMARK – Global brewing company, Carlsberg has reported strong first-half results, with solid profit improvement of 17.7% boosted by premium beer and sales in the Asian market. The Tuborg and Holsten owner reported a 6.5% […]

Heineken’s organic net revenue rises 5.6% amid rising input costs

Food Business Africa

NETHERLANDS – The world’s second largest brewer, Heineken NV has reported 5.6% growth in organic net revenue in the first half, with rising input costs offsetting beer sales. The company which has maintained its full […]

Constellation acquires minority stake in rum maker Montanya Distillers

Food Business Africa

USA – Constellation Brands, through its investment venture initiative Focus on Female Founders has acquired a minority stake in Colorado-based craft rum maker Montanya Distillers. Focus on Female Founders program was launched last year with […]

Molson Coors acquires stakes in Pardubicky Pivovar and Hop Stuff Brewery

Food Business Africa

EUROPE – Molson Coors, the parent company of American beer brewer, MillerCoors has acquired stakes in Pardubicky Pivovar of Czech Republic and UK’s craft beer maker, Hop Stuff Brewery. The acquisition is part of the […]

Diageo begins construction of new US$130m Kentucky distillery

Food Business Africa

USA – World’s leading distiller, Diageo has broken ground on a new US$130 million distillery in Marion County’s Lebanon, Kentucky. The facility sitting on an approximately 144-acre space is expected to be fully operational in […]

AB InBev to sell Australian business to Asahi Group for US$11.3b

Food Business Africa

AUSTRALIA – AB InBev has agreed to sell its Australian business unit, Carlton & United Breweries (CUB) to Asahi Group Holdings, Ltd for AUD 16 billion (US$11.3 billion). As part of the transaction, AB InBev […]

Sainsbury’s to launch UK’s first no and low alcohol pub

Food Business Africa

UK – UK’s leading supermarket, Sainsbury’s is set to launch industry’s first pub that will only serve non-alcoholic and low alcohol drinks for consumers who want to enjoy these categories. Taking a model similar to […]