UK: SABMilller creates new UK company
SABMiller has announced the formation of a new operating company in the UK. Miller Brands (UK) Ltd will manage the sales, marketing and distribution of Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Castle Lager in the country.
Around GBP30m is to be invested in the company during the first two years in a bid to boost the market share for its four key premium brands in the UK market.
The London-based brewer has reached an agreement with rival Scottish & Newcastle (S&N) to transfer the marketing and distribution rights for Miller Genuine Draft to Miller Brands in January 2006. As part of that deal, S&N will transfer back the distribution rights for Peroni Nastro Azzurro to Miller Brands in the off-trade. S&N will continue to brew Miller Genuine Draft under licence, however.
"We have an exciting portfolio of well known international brands that we believe has strong growth potential in the UK," said managing director of Miller Brands, Gary Whitlie. "Our investment of GBP30m demonstrates our commitment to this market and we are determined to bring a fresh approach to satisfying the needs of our customers and consumers.
"This is a premium brand business which will leverage our considerable global experience in building profitable beer brands."
The formation of Miller Brands, which is to be based at SABMiller House in Woking, will create 35 jobs. Distribution of Pilsner Urquell, Castle Lager and Peroni Nastro Azzurro (on-trade) will begin from October.
Having recorded a third consecutive year of volume, margin and earnings growth, global brewing force, SAB Miller, was in a position to give shareholders a 27% dividend increase and eye the acquisition...
Rumours that SABMiller is poised to launch a bid for Empresarial Bavaria swept the trading floor yesterday (2 June)....
The Indian subsidiary of SABMiller, MBL Investments (Mysore), has acquired the Shaw Wallace Group's 50% interest in the brewing operations of SABMiller's Indian joint-venture....
The German-owned investment house, Deutsche Bank, has upgraded shares in the UK-based international brewing group, SABMiller, from "hold" to "buy", and raised its target for the shares from 830p to 95...
The CEO of SABMiller has hailed the brewer's full-year figures as "very pleasing" today (19 May)....
SABMiller has seen its share rating upgraded....
Fresh rumours surrounding a possible bid for Scottish & Newcastle saw the brewer's share price rise sharply yesterday (18 May) morning....
SABMiller has agreed to acquire the Slovakian brewer Topvar. Topvar is located in the city of Topoľčany in Western Slovakia and sold 569,000 hectolitres of beer in 2004....
- Comment - Heineken's 'No' Cuts SABMiller Options
- Irish whiskey eyes a slice of Scotch's global pie
- SABMiller spurned by Heineken: The start of the en
- Guinness: A Great Day for St James's Gate
- William Grant and Drambuie: It Had to be You
- Patron Spirits' Patron Citrónge Lime
- Wm Grant CMO to head Orangina Scweppes Int'l
- Heineken rejects SABMiller purchase proposal
- Scottish leader speaks out over Scotch whisky
- SABMiller, Heineken silent on takeover offer talk