Focus - Russia's Colourful Beer Market
Russia's beer market has generated way more than its fair share of headlines in 2010. Here's why.
Heineken has emerged as the immediate loser from Russia's three-fold tax rise on beer and is expected to report market share decline in its half-year results next week.
At first sight, Carlsberg would appear to have enjoyed a bumper first half of 2010. Upon delivering a whopping 57% leap in net profits for the period, the Denmark-based company went on to double its earnings guidance for the full-year. It would appear, then, that there is currently nothing rotten in the state of Denmark. But, is the future really as bright as Carlsberg suggests?
Shares in the world's largest brewers, including Anheuser-Busch InBev, Heineken and SABMiller, have dropped amid fears that they face higher costs following Russia's decision to ban grain exports.
Russian breweries produced less beer in the first half of 2010 due to a Government tax rise, according to a report.
Russia's Government has driven through its plan to triple excise tax on beer, despite fierce opposition from brewers.
- Coca-Cola pressure builds as bid rumours swirl
- Gin: Plymouth's from Plymouth, London's from...?
- Comment - IPO Launch a Tonic for Fever-Tree
- Fireball Recall: Putting Out Fire with Anti-Freeze
- Why Chinese beverages won't conquer the world
- NPD - Moët Hennessy’s Glenmorangie Dornoch
- Anheuser-Busch InBev cuts jobs in US shake-up
- Diageo targets Millenial women with Baileys push
- Pernod blames rule changes for Plymouth GI drop
- William Grant unveils bespoke Glenfiddich website
- Early Signals: future scenarios that will drive consumption and product innovation over the next five years
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global Beer Opportunities: Beyond Standard Lager
- The IWSR Global Trends Report 2014
- Global Cognac insights - market forecasts, product innovation and consumer trends research