NEPAL: Carlsberg takes control of Gorkha Brewery
Carlsberg builds position in Nepal
Carlsberg has taken control of Gorkha Brewery in Nepal, the brewer has confirmed.
Carlsberg has increased its stake in Gorkha Brewery from 50% to 90%, a Denmark-based spokesperson for the brewer confirmed to just-drinks today (12 November). Gorkha was established in 1990 as a joint venture between Carlsberg and Khetan Group.
"Gorkha Brewery is by far the leading beer producer in the Nepal market," said the Carlsberg spokesperson. "Carlsberg has gradually expanded its ownership of Gorkha since 1995," he said. Financial terms of the deal were not disclosed.
Carlsberg sees Asia as its major growth market and has said several times in the past 18 months that it will seek to expand its business there. Asia remains a small part of Carlsbserg's business, accounting for 13% of volume sales in 2009.
In Denmark, this month, Pete Brown bore witness to the latest attempt by a multinational brewer to give its flagship beer a global identity. This well-worn road, however, is beset by perils and pitfal...
Carlsberg's new worldwide strapline highlights the lack of truly global beer brands in an extremely consolidated industry....
- Analysis - Remy's Cognac "dead-cat bounce"
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Focus - Pernod Ricard's Q1 sales by brand
- Time for Heineken to make a European break
- Moët Hennessy unveils first Travel Retail outlet
- United Spirits sees Q1 net loss
- Beam Suntory, Edrington part ways in Travel Retail
- Whisky downturn slows Diageo's Scotch spend
- Pernod Ricard sees sales lift in Q1