Aston Villa’s non-dom owner quit UK due to ‘Tory incompetence’ Wealth The non-dom co-owner of Aston Villa football club has blamed the Conservative party’s mismanagement of the economy for his decision to leave the UK earlier this year. Nassef Sawiris, a chemicals magnate who is Egypt’s richest man, became one of the most high profile ultra high net worth individuals to avoid the government’s crackdown on [...]
After IOC election, what are the top Olympic Games priorities? Sport Business It is a new dawn and a new day at the International Olympic Committee, with the post-Thomas Bach era beginning after yesterday’s election. Kirsty Coventry was crowned president of the IOC, one of sport’s biggest and most influential bodies, in Greece last night. She became the 10th president and the first female in the role. [...]
Allianz extension insures IOC against further sponsor losses Sport Business The International Olympic Committee (IOC) has further shored up its sponsor roster after losing several big clients by extending its partnership with Allianz to 2032. Allianz has also added a further four years to its deal with the International Paralympic Committee (IPC), which will conclude after the Brisbane 2032 Games. The insurance giant joined the [...]
Why Dry January is just another month for this alcohol-free beer brand January 3, 2025 Highlighting a year of growth, we take a look at some of the biggest and most recent achievements of the rapidly-growing alcohol-free beer brand, Days Brewing. Two friends, one pandemic and a few cold (alcohol-free) beers later – a long-lasting business was created. In 2020, former AB InBev man Mike Gammell and ex-Propercorn marketing chief [...]
Asahi: Peroni and London Pride brewer slips further into the red October 7, 2024 Japanese beer maker Asahi, whose brands also include Peroni, saw its UK division slip further into the red during its latest financial year. The London-headquartered arm posted a pre-tax loss of £14m for 2023, having also lost £6.3m in the prior 12 months. Asahi UK last reported a pre-tax profit when it achieved a total [...]
Ab Inbev: Budweiser, Stella Artois and Corona producer continues to make huge loss despite price rises September 30, 2024 The UK arm of Ab Inbev, which brews Budweiser, Stella Artois and Corona, continued to make a substantial loss during its latest financial year despite raising its prices. The London-headquartered division not made a pre-tax profit since the £40.9m it reported in 2020. Since then the business has lost £6.4m in 2021, £89.5m in 2022 [...]
Bulmers and Tennent’s owner C&C reports revenue dip after IT issues September 9, 2024 Drinks company C&C, which owns brands Tennent’s and Bulmers, has said earnings in the first half of its fiscal year have been “in line with expectations” as the group continues to recover from the software issues it experienced last year. The FTSE-250 firm said it expected net revenue to fall by three per cent for [...]
Beer giant Budweiser signs major San Miguel deal July 2, 2024 The maker of Budweiser has signed a deal to brew San Miguel in the UK.
Naked Wines appoints new boss as retailer struggles for survival February 5, 2024 Loss-making Naked Wines has named its new chief executive four months after its former boss Nick Devlin was ousted amid a challenging period for the company.
Days: Meet the lively pair turning alcohol-free beer into more than a trend January 9, 2024 Here we go again – Dry January, the month in which avid pub-goers try to kickstart a healthier year ahead. You might think that means boom-time for brewers of non-alcoholic beer. But for Edinburgh-based Days Brewing, it’s just another month; 2023 saw the company sell more than a million of their lager and pale ale [...]