Heineken Doubles Profits Amid Easing Lockdown Restrictions August 2, 2021 Heineken, Europe’s largest beer manufacturer, has doubled its earnings for the first half of the year. Operating profit increased by 109.3 per cent reaching 1.63 billion euros (£1.39 billion). The results far exceeded the average expectation of a company-run poll of analysts predicting profits of 1.22 billion euros. Dolf van den Brink, Heineken’s CEO and [...]
Saturday Read: Investors are fleeing Myanmar as coup grows more deadly March 6, 2021 The world’s largest sovereign wealth fund, the Norwegian central bank, has put Japanese Kirin Holdings on a watch list for possible exclusion due to its ties to Myanmar’s military, in light of the recent coup and ongoing unrest in the country. The Japanese beverage group Kirin has a partnership and $1.7bn controlling stake in Myanmar [...]
Heineken fined for forcing pubs to stock ‘unreasonable’ amounts of beer October 15, 2020 Heineken’s pubs division has been slapped with a £2m fine for forcing its tenants to stock “unreasonable levels” of its own beers and ciders. The Pubs Code Adjudicator (PCA) ruled that Star Pubs & Bars, which operates the pub estate business of Heineken in the UK, had “seriously and repeatedly” breached the pubs code over [...]
A dam site better: Craft brewer Beavertown builds new London brewery August 26, 2020 Craft brewer Beavertown is moving production from its Tottenham home, with its new brewery in Enfield allowing it to make enough beer for 90m pints. The expansion to the six-acre plot in Ponders End will lead to 150 new jobs in north london over three years, the craft brewer said. Beavertown, the maker of Gamma [...]