Vietnam’s largest brewer, Sabeco, is selling a 53% government stake in the company to private investors.
SAB Miller is the latest drinks company to report a slump in China, as the downturn starts affecting beer rather than just spirits.
The end of June may have marked watersheds for both Diageo and Pernod Ricard, respectively the world’s two leading premium alcohol groups.
US business journals are rife with speculation that AB InBev and SAB Miller may resume merger talks worth US$100 billion.
Eight of Europe’s biggest alcohol firms have agreed to introduce continent-wide rules on the marketing of alcohol.
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