Beer

Brazil's GPA Teams With Local Brewer To Sell In-House Craft Beer

Brazilian supermarket chain Grupo Pao de Acucar SA has teamed-up with a local brewery to launch its own craft beer brand, a move likely to boost the share...

Molson Coors Pledges To 'Improve Efficiency, Unlock Resources'

Brewer Molson Coors has announced what it has described as a 'revitalisation plan', in order to consistent drive top-line growth at the business. The gr...

Carlsberg Agrees To Buy Out Cambodian Brewery, Posts Upbeat Q3 Sales

Carlsberg reported a 5.3% rise in third quarter sales, boosted by strong sales in Asia and Western Europe, and said it had agreed to buy the remaining stak...

Carlsberg Forecasts 10% Profit Growth For 2019

Danish brewer Carlsberg has revised upwards its annual profit growth outlook, saying it now expects organic operating profit to rise by around 10% versus a...

Heineken To Invest $244m In Brazil By 2020 To Double Capacity: Paper

Heineken, the world's second-largest brewer, will invest R$985 million ($244 million) in Brazil to double its production capacity, CEO Mauricio Giamellaro...

Brewer Heineken Curbs Profit Hopes As Americas Slip

Heineken, the world's second-largest brewer, forecast operating profit this year would be at the lower end of its previous guidance after an unexpected dip...

Canadian Group Buys Stake In Portugal’s Cerveja Quinas

Canadian holding company Société d'Investissements Cabral has purchased a 15% stake in Domus Capital, the owner of Portuguese beer brand Cerv...

AB InBev Set To Revive Budweiser Asia IPO With $5bn Float: Sources

The world's largest brewer, Anheuser-Busch InBev, which shelved a Hong Kong IPO of its Asia Pacific unit in July, is planning to raise about $5 billion fro...