just the preview - Heineken Q3
On Wednesday (28 October), Heineken will update the market on its third quarter sales.
Below, we look at the company's highs and lows over the three months to the end of September.
- Asia Pacific Breweries, a joint venture between Heineken and Fraser & Neave, announced a new head for its business in Laos.
- Heineken launches a Tiger beer promotion in the UK.
- Heineken prepares for another UEFA Champions League campaign.
- The brewer said in its half-year conference call that it will continue to prioritise cost savings over acquisitions.
- It also said it was nearing an end to its dispute with partner United Breweries in India.
- Heineken-owned Scottish & Newcastle UK said it would axe Bulmers Pear on draught to concentrate on the bottled version. In September, the group announced that Scottish & Newcastle would be renamed Heineken UK.
- Also in September, the group succeeded in halting the distribution of a beer called Keineken in Switzerland.
- In Russia, the brewer cut jobs at the Ivan Taranov brewery and the Stepan Razin brewery, finished the expansion of the Patra brewery and sold off the Stepan Timofeyevich kvass brand.
- Heineken also announced job cuts in Romania.
- Heineken USA appointed a new CEO.
The wave of major consolidation activity in the beer market over 2008 was followed by weakening volume growth in 2009 as the economic downturn put a dampener on bullish tactics. With the global beer l...
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