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Carlsberg A/S (CABGY)
- Reuters
Legal battles over Carlsberg's Russian unit to last years, CEO says
Legal wrangling over Carlsberg's seized Russian business will likely continue for years, its CEO Jacob Aarup-Andersen said on Tuesday. Moscow took control of Carlsberg's stake in Baltika Breweries in July 2023 after the beer giant tried to sell it, prompting Aarup-Andersen to say its business had been stolen. Carlsberg subsequently wrote down the value of its stake to zero.
- Reuters
Carlsberg says Q1 growth driven by premium brands despite flat Chinese beer market
COPENHAGEN (Reuters) -Danish brewer Carlsberg sold more of its premium beer brands and saw price increases in all its main markets during the first quarter, although beer drinkers in China continued to hold back, its CEO said on Tuesday. Carlsberg, the maker of brands such as Kronenbourg 1664, Tuborg and Somersby, reported first-quarter sales slightly above expectations on Tuesday and said sales of premium beer brands grew 8% in the period. While Carlsberg grew its market share in China and increased volumes by 5%, the overall beer market in the country was flat as consumer spending remained subdued, Carlsberg CEO Jacob Aarup-Andersen said.
- Insider Monkey
15 Largest Beer Companies in the World
In this article, we are going to discuss the 15 largest beer companies in the world. You can skip our detailed analysis of the global beer market, the total beer output around the globe, and the impact of the Russia-Ukraine war on the international beer industry, and go directly to the 5 Largest Beer Companies […]
