Pabst Brewing Company, has completed its sale to the newly formed Blue Ribbon for a reported US$700 million.
Three supermarket workers who locked a women suspected of stealing vodka in a freezer could face criminal charges.
Brewing giant AB InBev has seen global beer volumes slide by 2.7% in its third quarter, driven down by declines in Europe, especially Russia.
A Russian beverage company has bought America’s Pabst Brewing Company for a reported US$700 million.
Russia’s alcoholic drinks industry is in tatters, reeling under the pressure of excise tax hikes, advertising bans and relentlessly tightening legislation.
Champagne house Veuve Clicquot is investigating a hoax by a Russian marketing agency about the supposed release of Veuve-branded tablets.
Russia is looking to establish a large state-owned corporation to produce “wine materials” on home soil, raising industry fears of a shift away from wine imports.
Carlsberg has warned its profits are likely to take a tumble this year due to increasing tensions between the Ukraine, Russia and the West.
Russian authorities have banned imports of Ukraine’s alcohol products, ramping up drinks industry fears over the continued crisis.
Russia’s presidential staff have bought up more than a million bottles of European wine amid fears it could soon follow dairy, fruit and meat imports and be banned.
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