CANADA: Ontario rejects plan to privatise LCBO
The Canadian province of Ontario has rejected the findings of a review panel that recommended it sell its Liquor Control Board and open up the spirits and beer market to private enterprise.
The Liquor Control Board of Ontario has a monopoly on distribution of alcoholic drinks in the province but a government appointed review panel has urged the province to auction off individual alcohol retail licences, including the assets of the board's 598 stores and 196 agency outlets.
The review panel said that Ontario's alcohol system hadn't been modernised since the times of prohibition and needed updating.
But Ontario Finance Minister Greg Sorbara said the government would not be selling the LCBO and would not allow beer or wine to be sold at corner stores.
He said: "I want to make it very clear, the government of Ontario will not be selling the LCBO."
The report's authors claim the government could make more money from selling off the licences than it currently makes in sales of alcohol.
"Monopolies lock up economic value, and uncompetitive markets hold back innovation and value creation, leaving untapped revenue on the table," it concluded.
However, the province's government has rejected those claims, saying the plan will not work.
The global roll-out of InBev's Brazilian beer, Brahma, adds a third premium brand to the global brewer's international portfolio but some observers have suggested it's an unnecessary step which threat...
Brasserie Kronenbourg has clarified earlier reports about its entry into the low alcohol beer sector in France....
Costs relating to alcohol abuse in Sweden are on the rise, according to research out this week....
Police in eastern Kenya have said that at least 24 people died on Saturday after drinking illegally produced alcohol....
According to a recently published study, people who drink alcohol may have a lower risk of developing a type of cancer which affects the lymphatic system known as non-Hodgkin lymphoma (NHL)....
Diageo is calling for facts labels to be placed on alcohol beverages in the US....
Kenyan authorities are to ban beer and spirits advertising from television and billboards in the country, according to a local report late last week....
Post-menopausal women who consume even moderate amounts of alcohol may face an increased risk of breast cancer, according to a comprehensive US study....
- What do A-B InBev results mean for SABMiller deal?
- Brewers go Crazy over Flavoured Malt “Cocktails”
- Spirits - Where does 'Craft' End and 'Mass' Begin?
- Anheuser-Busch InBev's FY Performance by Region
- Much Work to do on Packaging in the US
- Diageo "smart bottle" targets consumers at home
- Tesco reinstates Dan Jago following suspension
- Tough US hits Mast-Jagermeister volumes in 2014
- Pernod Ricard sends Martell Mumm PJ head to Asia
- George Clooney launches Tequila Casamigos in UK
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Wine, 2014 and the future
- Spirits and RTDs, 2014 and the future
- Global RTD/RTS insights - market forecasts, product innovation and consumer trends research
- Beam Suntory Inc. - Strategy and SWOT Report