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 number of urban upper-middle-class wine drinkers in China is still on the increase despite a slowing economy, according to new research.
China Resources Beer aims to raise HKD9.5bn (US$1.2bn) in a share sale to help fund the purchase of SABMiller's stake in its Snow beer joint-venture.
Remy Cointreau has bottomed out in China, the company's CEO has said as she predicted improved results in the country for 2017.
C&C Group is to take Tennent's lager to China for the first time in its latest overseas distribution partnership.
Heineken has said the "vast majority" of the Chinese beer market makes no profits.
The CEO of Anheuser-Busch InBev has said he expects growth in China to come from the top end of the company's portfolio, though he warned the market is still under pressure.
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.
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.
- A Wild Geese, Pernod Ricard conspiracy theory?
- Can craft breweries compete in lager arena?
- Remy Cointreau's Q1 performance by brand, region
- SABMiller's Q1 2017 results - Preview
- A snapshot of the UK spirits market - Focus
- New Hendrick's Gin would have to be "unusual"
- AB InBev faces US$7bn price rise for SABMiller
- Diageo starts formal talks over UK pension cuts
- Brown-Forman takes distribution in Spain in-house
- AB InBev halts VAIP incentive plan
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global RTD insights - market forecasts, product innovation and consumer trends
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends