HOLLAND: Grolsch outlines EUR15m packaging spend
Dutch brewer Grolsch is to invest up to EUR15m (US$19.5m) in packaging and distribution to help the launch of the "quirky" bottle for its flagship brand.
Much of the investment will be spent on changing crates and bottles used for the premium lager bottle, which will be replaced on the Dutch market.
Grolsch said the investment is necessary to make way for rolling out the "quirky" bottle worldwide.
The new bottle carries the embossed Grolsch logo and only a neck label. The flattened sides of the bottle make it easier to hold.
Grolsch will publish its financial results for 2006 on 20 February.
Shares in the Dutch brewer Royal Grolsh NV have been downgraded to 'sell' from 'hold' by Gilissen Research....
Heineken is to file an appeal against April's EUR219.3m (US$294.4m) fine from the European Commission....
Royal Grolsch stock has been downgraded, despite its continued success in the US....
Three brewers have been slapped with fines totalling over EUR270m (US$367.5m) after being found guilty of cartel activities in Holland....
Heineken and InBev have issued diametrically opposed reactions to today's (18 April) European Commission ruling against the brewers....
Goldman Sachs has begun coverage of Dutch brewer Royal Grolsch....
Dutch brewer Grolsch saw sales and earnings inch up last year, the company reported today (20 February)....
Anheuser-Busch has reported a 12% jump in profits during 2006 thanks to contributions from its stable of imported beers and growing sales overseas....
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