Round-Up - SABMiller, Snow and Kingway
In early-February, SABMiller's Chinese JV, China Resources Snow Breweries, announced that it will acquire Guangdong-based Kingway Brewery Holdings. Here's just-drinks' coverage of the matter.
We journalists do like a good adjective. Honestly, you can't beat a strong descriptor to get a reader's attention. So, when an analyst suggested that SABMiller's CR Snow JV had paid an “eyewatering” price for Kingway Brewery in China, a lot of us journos sat up and took a sip of coffee.
SABMiller has defended itself against accusations that its Chinese JV is set to pay “an eye-watering price” for Kingway Brewery Holdings.
China's massive beer volumes are set to rise further, but market fragmentation and weak margins may sink SABMiller and Anheuser-Busch InBev's profit hopes in the country indefinitely, an analyst has claimed.
SABMiller appears to have won the race for Kingway Brewery Holdings, having agreed to buy the business for US$864m.
Kingway's controlling shareholder, state-owned GDH, is set to profit from growing rivalry among multinational brewers in China.
- Interview - Beam Suntory's EMEA president
- Beckham, Diageo and the Allure of the VIP Pop-Up
- Interview - William Grant & Sons
- What do A-B InBev results mean for SABMiller deal?
- Interview - Beam Suntory's EMEA head - part II
- Diageo, Beckham launch VIP pop-up for Haig Club
- Pinnacle Vodka, Skinnygirl roll out on ice
- Diageo reveals US$400m Tequila investment
- Diageo completes Don Julio, Bushmills swap deal
- Beam Suntory strikes new Baltics tie-up
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Wine, 2014 and the future
- Beam Suntory Inc. - Strategy and SWOT Report
- Spirits and RTDs, 2014 and the future
- Global RTD/RTS insights - market forecasts, product innovation and consumer trends research