For the first time since the ATO made corporate tax information public, CUB’s owner paid tax, whilst Lion upped its tax contribution rates.
AB Inbev
Corona beer shortages continue into holidays
Shortages of Corona beer in Australia will continue into the holidays according to distributor Carlton & United Breweries.
Surprise as 4 Pines scores small business grant
Small brewers have expressed surprise that AB InBev-owned 4 Pines Brewery has qualified for a Federal Government grant designated for small and medium businesses.
ATO figures reveal brewers’ tax contributions
The ATO’s release of tax transparency figures revealed that CUB’s parent company did not pay any corporate tax for the fifth year running, but it’s a bit more complicated than that, according to experts.
Carlton & United Breweries appoints marketing vice president
CUB brand director Brian Phan who was “critical” to the success of Great Northern has been promoted to marketing vice president, replacing Alexander Lambrecht who is moving to AB InBev.
CUB snapped up by Asahi in $16bn deal
AB InBev sells Carlton & United Breweries to Asahi in a deal worth $16bn, less than a week after IPO for Budweiser APAC business fails.
CUB owner cancels ‘expensive’ Budweiser IPO
Analysts have suggested that the lack of demand and relatively high stock price were off-putting to investors who failed to back the listing of Budweiser Brewing APAC.
Brews News Week: Inception
Pete Mitcham and Matt Kirkegaard discuss the beer news including why Woolies is offloading Endeavour drinks and have NEIPAs gone too far? It also includes a very insightful chat with Two Birds Brewing co-founder Jayne Lewis about why she is taking part in Dry July.
AB InBev launches RateBeer marketplace
Drinks giant AB InBev is turning online review platform RateBeer into a marketplace with the help of Dan Murphy’s and Beer Cartel.
Is market concentration actually good for craft brewers?
Australia’s beer market has been described as one of the most profitable in the world, but economists have highlighted the need for ongoing scrutiny.