China: Latest beverage news & analysis
Ask a Chinese person about Chile and they will immediately mention one thing - cherries. The country is famous in China for its red cherries, which people see as wholesome and healthy. Chilean wine, however, is quickly catching up in the recognition stakes. According to Wines of Chile, exports to China increased by 47% last year, and the country now ranks as the third-biggest market for bottled Chilean wine.
China Resources Beer, the joint-owner of Snow with SABMiller, released its full-year results for 2015 this week. The company will soon gain full control of Snow after it agreed a deal with Anheuser-Busch InBev this month, so here's a low-down on the brand, using data from CR Beer's investors presentation.
For a company dead set on becoming the biggest in its field – and reportedly beyond – Anheuser-Busch InBev's decision to sell off SABMiller's stake in China's CR Snow to JV partner China Resources Beer looks more like a step backwards - and a very cheap one at that.
Considering the disparity of performances from Cognac brand owners in China, I've been looking at what's really happening within the country, and have been talking to some brands about their varying strategies and view of future prospects. First, let's look at the numbers.
Gong xi fa cai, as the Chinese say. The saying is the equivalent of "happy new year" and is ubiquitous in China at this time of year, partly because of the earworm of a song that is played in every department store and on all television shows.
The Yalumba Wine Co has switched distributors in China after 11 years with Summergate.
Beam Suntory has added an above-VSOP expression to its Cognac portfolio in China.
Cognac export volumes to East Asia have jumped 7% in the past year, new figures show.
LVMH's CEO has given the first official confirmation of a Chinese New Year rebound for Cognac, revealing at least mid-single digit growth during the critical selling period.
Carlsberg has come under fire in Singapore for wrongly labelling Beck's beer as 'imported' from Germany even though it is produced in China.
The Coca-Cola Co has completed its US$400m purchase of Chinese protein drinks maker Xiamen Culiangwang Beverage Technology.
China's Tsingtao Brewery has posted a sharp drop in profits after volume declines outpaced the struggling Chinese beer market's average.
Concha y Toro's Asia CEO has said the company will continue to grow in China, despite the country's economic slowdown.
China Huiyuan Juice Group has teamed up with Singapore-based drinks producer Yeo Hiap Seng to form a joint-venture in South-East Asia.
China Resources Beer has celebrated divesting its non-beer operations with a double-digit jump in full-year profits, despite flat sales in the period.
Tennis player Novak Djokovic was on top of the world yesterday after defeating Andy Murray in four sets to take the Australian Open title.
A joint US and Chinese study released this week found that a tea made with broccoli sprouts helps the body to break down and expunge high levels of the chemical benzene.
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