RUSSIA: Heineken breaks off distribution agreement
The Dutch brewer Heineken has successfully ended its contract with the Russian distributor First Federation, despite a suit from the Russian claiming Heineken reneged on a deal giving First Federation exclusive rights to import Heineken beer.
A Bloomberg report said a Dutch court laid aside a US$60m suit from First Federation, after Heineken argued that the agreement with First Federation could be annulled in the event that the company began making beer in Russia.
The Amsterdam court turned down the suit, ordering First Federation to pay court costs of €980.
Heineken has been producing beer in Russia from St. Petersburg since February. It will be launched on to the market this month and the product will go on the market this month.
Dutch brewer Heineken is rumored to have released a self-chilling beer can....
ING has raised its target for Heineken's share price after analysing the brewer's options to save costs....
Heineken's CEO-in-waiting has no plan to radically alter the brewer's strategy, he said in an interview today....
Heineken has restructured its top management, in a move that includes the retirement of current CEO and chairman Thony Ruys from October this year....
Heineken said yesterday that its Austrian subsidiary Brau Union AG has signed an agreement for the divestment of its Real Estate Division. This division comprises all non-business related real estate ...
Heineken has acquired a 40% stake in a Chinese brewery....
Heineken Espana is looking to invest heavily in a new plant in southern Spain....
Grupo Empresarial Bavaria is not looking to sell up, its president has confirmed....
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