Japanese beer makers upbeat on 2020 sales even as market shrinks
Three major Japanese beer makers remain bullish on domestic sales for 2020 despite a shrinking market amid a decline in young people's interest in beer products. Japan's market for beer and quasi-beer products is expected to have shrunk in 2019, which would be the 15th ...
Japan's beer exports to South Korea down 99 percent on year in November
Beer exports by Japan to South Korea in November stood at ¥6.96 million, down 99.1 percent from a year earlier, the Finance Ministry said Thursday. The November exports remained very weak due to continued boycotts of Japanese products in South Korea, reflecting the soured bilateral ...
Asahi Breweries to stop disclosing sales volume data amid strengthening competition for top spot
Asahi Breweries Ltd. says it will stop releasing sales volume data for its beer and quasi-beer products this month, switching in January to the disclosure of the value of sales. The major beer-maker is apparently intending to put more emphasis on boosting its profitability while ...
Blow for AB InBev's $11 billion asset sale to Asahi as Australian regulators raise concerns
Australia's competition regulator has raised concerns over an $11 billion deal by Anheuser-Busch InBev to sell its local operations to Japan's Asahi Group Holdings Ltd., dealing a blow to the world's largest brewer's efforts to cut debt. The Belgium-based brewer, weighed down with some $100 ...
Boycott of Japanese beer sees shipments to South Korea plunge to zero
Exports of Japanese beer to South Korea, the domestic industry's biggest overseas market last year, fell to virtually zero in October as Korean consumers shunned products from their Asian neighbor amid a dispute over wartime history. Last month's figure follows a 99 percent year-on-year plunge ...
China dairy giant Mengniu buying Kirin's Australia assets for $419 million
China Mengniu Dairy Co. has agreed to buy Kirin Holdings Co.'s Australian beverage unit Lion Dairy & Drinks for about ¥45.6 billion, the Chinese dairy giant's latest foray into the continent. Mengniu will pick up Lion's milk, yogurt and juice products, while Kirin will keep ...
For Japan's economy, worst of South Korea boycott may have passed
While a South Korean consumer boycott of Japanese products continues in the wake of a prolonged dispute over wartime history and trade, economists say Japan has already seen the worst of its economic repercussions. Concerns had grown among businesses as moves to shun Japanese brands ...
Kirin unit buys fourth-largest U.S. independent brewery, New Belgium Brewing
New Belgium Brewing, one of the largest craft beer companies in the U.S., has agreed to be acquired by a unit of Kirin Holdings Co., the latest independent brewer to be snapped up in an increasingly competitive market. Lion Little World Beverages, a craft beer ...
Tokyo Aleworks: Keeping its doors open to the community
Tokyo Aleworks offers periodic one-day brewing classes for customers to try their hand at making beer, just one way it opens its doors to young brewers and the local community.
Asahi to again slash full-year forecast as overseas push leaves brewer vulnerable
Asahi Group Holdings Ltd. lowered its annual sales and profit forecast again as its $22 billion push into overseas markets makes Japan's largest brewer more vulnerable to currency swings. Consumption in the domestic market has also weakened. Operating profit will probably be ¥202 billion ($1.9 billion) ...
For Akiyoshi Koji, Asahi's bold dealmaker, beer remains at heart of global growth strategy
The biggest dealmaker in Japan this year has one thing on his mind: beer, and then more beer — more than $20 billion worth of it in the past four years, to be precise. Never mind that people around the globe are drinking less, with ...
