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Coopers Brewery, a family-owned independent brewing company, has experienced a slight rise in its annual beer sales, outperforming the overall market that has seen a downturn. Annual Sales Report In the 2024-25 fiscal year, Coopers Brewery reported total beer…
Stanley Yeo, the owner of Wala Wala Cafe Bar, recently shared that he was contemplating calling it quits due to declining visitor numbers, a challenging labor market, and soaring operational costs that have pushed rent for the venue’s 1,700-square-foot ground…
Chinese coffee chain Luckin Coffee is exploring potential expansion into the US, with a launch possibly as early as next year. During an earnings call, Luckin Chairman and CEO Guo Jinyi emphasised both the promise and challenges of overseas growth. “The…
Sabeco has partnered with SP Group, a leading utilities group in the Asia Pacific, for the second phase of its rooftop solar energy system installation and operation. Saigon Beer-Alcohol-Beverage Corporation (Sabeco) and SP Group signed a Memorandum of…
Café owner Liu Houjun gained a little online fame with his unique coffee brewing bravura. Formerly the director of a listed company, the coffee lover, in his 50s, decided to quit his job and open a coffee shop to develop innovative blends. “Different regions…
Brewer Sabeco said its after-tax profit rose by 40% last year to VND5.5 trillion. Vietnam’s biggest brewer had net revenues of VND34.98 trillion, an increase of 32% from 2021. These are significant achievements compared to the 2021 results. The 2022 profit…
Asahi Beverages will close its Green Beacon brewery’s operations in North Brisbane in around 10 weeks. The closure follows several years of “excellent growth” for Green Beacon, according to the company, and is part of a plan to ensure the company’s growth by…
After eight years as CEO of the Carlsberg Group, Cees ’t Hart has informed the supervisory board of his intention to leave the Group by the end of Q3 2023. Since beginning his position at the beer giant, the company has been “significantly strengthened,” with…
Southern Premium Vineyards has acquired 35 vineyards from wine group Casella Family Brands. The sale comprises 7215 hectares across South Australia and NSW, including water entitlements and plant and equipment attached to the vineyards. The vineyards are…
Vietnam’s largest brewer Sabeco said after-tax profit fell by over VND1 trillion (US$443 million) last year to VND3.93 trillion, the lowest since it was acquired by a Thai billionaire. Its revenues were VND26.37 trillion, a decline of 6 percent. Thaibev owned…
Cognac sales surged by nearly a third last year as American and Chinese drinkers guzzled old vintages, in the latest sign premium drinks makers are putting the pandemic behind them. Sales of the brandy, produced in the Cognac region of France, rose by almost…
Major winemaker Treasury Wine Estates has warned investors its performance in markets heavily impacted by the pandemic is running behind expectations as lockdowns and soaring case numbers continue to hinder sales. Treasury, which makes wine brands such as…
The producer of Hanoi Beer expects sales to be badly hit by the Covid-19 pandemic this year and profits to fall to a 10-year low as a result. The Hanoi Beer Alcohol and Beverage Jsc forecast post-tax profits of VND255 billion ($11 million), down 59 percent…
More people are shying away from alcoholic drinks in Asia-Pacific, according to new research from GlobalData. Approximately three out of four people in the region said they were drinking less alcohol in August 2020, GlobalData said, and a third are likely to…
Singapore-based Koufu Group is taking R&B Tea to the Philippines with Shakey’s Pizza. Under the franchise agreement, Shakey’s will sell selected R&B Tea drinks in Shakey’s and Peri Peri stores in the first year of business, and subsequently open at least five…
Scenes of actors drinking alcohol in films will be restricted under a new decree guiding the alcohol law. Cinemas will only show actors drinking if they are playing historical characters or acting in scenes that criticize alcohol addiction, Decree 24, which…
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