Fuller Set to Grow: After experiencing a 31 percent jump in profits during a six month period following the acquisition of George Gales & Co., executives at British brewer and pub company Fuller, Smith & Turner said its thirst for acquisitions has not yet been quenched. Fuller is said to be placing a greater emphasis on food in its pubs as Britain prepares for a pub smoking ban in 2007.
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SABMiller Plans More Investments in India: Fresh off its acquisition of Foster's Group holdings in India, SABMiller says it plans to pump $125 million into existing operations during the next two to three years. The money will be spent on marketing and brewery expansion at nine plants in India. The company's brands in India include Royal Challenge, Haywards 5000 and Castle. The company is the second largest brewery operation in the country behind and United Breweries.
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Beer Too Cheap?: A beer price war among supermarkets in the United Kingdom looks like it might also spread to wine. Beer pricing is said to be at an all-time low when adjusted for inflation and one chain, Sainsbury's, will give customers 25 per cent off wine or champagne when they buy six bottles or more. Sales are going up, prompting some groups, including doctors, to criticize retailers for using alcohol as a loss leader to boost business.
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Vietnam Brewery in Play: The Communist government in Vietnam has plans to privatize some businesses, including the Habeco Brewery in Hanoi. About a year ago Carlsberg of Denmark signed a letter of understanding regarding a possible acquisition of the brewery, but now several competitors have expressed an interest in the brewery. Carlsberg is currently the third largest brewer in Vietnam and wants the Habeco operation to assert market dominance in the northern part of the country.
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