Scottish & Newcastle is attempting to break into China. The brewing group is reported to have signed an agreement to buy a 19.51% stake in China’s Chongqing brewery for RMB525m (US$63m).


Chongqing Brewery (Group) Ltd, the brewery’s parent company will maintain its majority holding despite selling the shares to S&N. It will still hold a 34.55% stake.


The deal comes after 10 years of negotiations between the two companies. The agreement is still subject to approval by the state-owned Assets Supervision and Administration Commission and the Ministry of Commerce.


Chongqing is China’s eighth largest brewer and has seen revenues rise by 27% to RMB395m in the first half of 2003 compared to the same period last year.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Drinks Excellence Awards - Nominations Closed

Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
De Kuyper Royal Distillers’ De Kuyper Batched 0.0% range has won both Innovation and Product Launches honours in the 2025 Just Drinks Excellence Awards. Learn how these premium, non-alcoholic RTD cocktails help operators serve consistent, bar-quality drinks while tapping fast-growing demand for sophisticated alcohol-free options.

Discover the Impact