BELGIUM: InBev India to control Budweiser operations
InBev India International is to take full control the operations of Budweiser beer in the country, following InBev's acquisition of Anheuser-Busch last year for $52bn.
InBev India, a two-year-old joint venture between India's Ravi Jaipuria and Anheuser-Busch InBev, will control the sales, marketing and distribution of the Budweiser and Armstrong brands, the company confirmed to just-drinks today (11 June).
Ravi Jaipuria's RJ Corp owns a 51% stake in the joint venture.
"We have brought together the two sales operations and InBev India is undertaking the sales, marketing and distribution of Budweiser and Armstrong," a spokesperson told just-drinks.
India's beer market remains small, with per capital consumption of around one litre. But, with a drinking population of around 500m, the country's potential is clear to brewers.
Last week, Anheuser-Busch InBev completed the sale of its remaining 7% stake in Tsingtao Brewery to private Chinese investor Chen Fashu for US$235m.
The deal means that A-B InBev is no longer a shareholder in Tsingtao.
Sectors: Beer & cider
Results posted by major brewers in recent weeks suggest conditions are improving in the global beer market, which is borne out by a new report from just-drinks forecasting growth over the medium term....
Molson Coors and C&C Group have revised their distribution agreement over C&C's Draught Magners cider brand in the UK....
Anheuser-Busch InBev has beefed up its "recyclage" activity for its Stella Artois brand in the UK....
Skinny Nutritional has posted almost a doubling of net losses for its third quarter, as sales continue to rise for its flavoured water portfolio....
The US Food and Drug Administration (FDA) has questioned the legality of caffeinated alcoholic beverages and may ban the drinks if producers cannot prove that adding caffeine to alcohol is safe....
The US Food ad Drug Administration is to investigate the safety and legality of caffeinated alcoholic beverages, following concern over the effects of the drinks on consumers....
AmBev, the division of Anheuser-Busch InBev, booked a 5.8% increase in third-quarter profit, boosted by beer sales in Brazil and prices increases....
Read the top ten stories published on just-drinks this week....
- Heineken goes from strength to strength - Analysis
- Key trends for the alcohol category in 2017
- Treasury Wine Estates CEO - Interview Pt II
- Heineken 2012-2016 - results data
- Heineken FY 2016 by region - results data
- Non-alcoholic Heineken set to hit Europe - CEO
- Rum braced for falling volumes in years ahead
- Beam Suntory revamps Bowmore whisky packaging
- Bacardi lines up Canadian bottling plant closure
- Asahi Group lifts 2016 sales, profits
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends