Beer: latest news, insights and analysis | ESM Magazine

Germany's Bitburger Sees Overall Sales Decline In FY 2020

German brewer Bitburger has reported a 12% decline in sales, to €696 million, in its financial year 2020, down from €792 million in the prev...

No- And Low-Alcohol Consumption To Increase By A Third By 2024, Study Finds

Total volumes in the no- and low-alcohol drinks segment are forecasted to grow by just under a third (31%) in the period to 2024, a new study by IWSR Drink...

AB InBev Forecasts Higher 2021 Earnings, But Sees Hit To Margins

Anheuser-Busch InBev has forecast 'meaningfully' better 2021 earnings after sales in Brazil and Mexico and a large tax credit inflated profits of the world...

Constellation Brands Names Jim Sabia As Head Of Beer Division

Constellation Brands has announced new and expanded responsibilities for two members of its executive management committee, effective 1 March 202...

Molson Coors Sees Revenue Down 7.7% In Fourth Quarter

Brewer Molson Coors has posted a 7.7% decline in reported revenue in the fourth quarter of its financial year, largely driven by on-trade restrictions in E...

Heineken To Cut 8,000 Jobs To Restore Pre-Pandemic Margins

Heineken NV plans to cut about 8,000 jobs, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavir...

Carlsberg Sees Full-Year Organic Sales Down 8.4% In 2020

Danish brewer Carlsberg has reported quarterly sales slightly below expectations and said it expects operating profit to rise between 3% and 10% in 2021....

Thai Bev To Sell 20% Of Beer Business In Blockbuster Singapore IPO

Thai Beverage, controlled by one of Thailand's richest men, plans to sell a 20% stake in its regional beer business via a Singapore listing, in what is set...