This Month
Konvoy Kegs raises $13m, expects more brewers to go bust
The keg company rents out 280,000 kegs to 600 beer groups in Australasia and is stepping up expansion in the UK and Ireland.
- Simon Evans
September
Blackmores to expand from vitamins into health foods by 2025
The Japanese group Kirin acquired the ASX-listed company for $1.9 billion earlier this year, and told shareholders it has plans to launch the new range by 2025.
- Simon Evans
‘Ridiculously profitable’: Why Aussie beer is so expensive
The brewers of VB, Carlton Draught, XXXX and Tooheys are earning extraordinary profit margins, drawing the attention of a competition inquiry.
- John Kehoe
July
Coopers beer boss says Endeavour, Coles cutting back his shelf space
Pub acquisitions by Endeavour Group, owner of Dan Murphy’s and BWS liquor chains, are adding to headaches for the brewer.
- Simon Evans
- Exclusive
- Wine & spirits
Four Pillars Gin sold to XXXX’s Japanese owner
The brewing giant behind names such as XXXX, Furphy and Little Creatures has snapped up the other half of the distiller for an estimated $50 million.
- Updated
- Carrie LaFrenz
$1.5b United Malt bid sticks, surviving earlier profit warning
A French-based maker of the key ingredient in beer is looking to expand its presence with the proposed acquisition.
- Updated
- Liam Walsh
June
CEO exits at Australia’s largest beer company
Robert Iervasi has called last drinks as boss of Asahi Beverages, overseeing brands such as Victoria Bitter and Carlton Draught.
- Simon Evans
May
- Exclusive
- New Zealand
Toohey’s parent Lion joins Treasury in slashing jobs
The name behind Toohey’s, Little Creatures Brewing and XXXX beer brands is reducing jobs following a review of the business.
- Carrie LaFrenz
United Malt says ‘blast from the past’ beers are back
Mark Palmquist said the speciality malt mix required by customers in some of United Malt’s biggest markets was “changing in front of our eyes”.
- Brad Thompson
April
Takeover target United Malt cuts earnings guidance
The global malt supplier says it is keeping a close eye on the impact of inflation on beer demand after weaker than expected first-half sales.
- Brad Thompson
Former Foster’s boss joins Mighty Craft board
The ASX-listed group’s most valuable asset is a stake in Better Beer, the fast-growing brand founded in 2021 by two comedians known as The Inspired Unemployed.
- Simon Evans
Barrow Hanley’s bold bet on US bank stocks
The Perpetual-owned value manager has already added to its positions in some US banks, but is waiting for a credit crisis to double down.
- Alex Gluyas
Big haircut for Tribe Brewing creditors, new owners to take control
Creditors to the craft brewer which collapsed five weeks ago have voted in favour of a deal that gives them 5.3¢ in the dollar.
- Simon Evans
Tribe Brewing creditors to get 5.3¢ in the dollar in buyout plan
Ambitious dreams, machinery failure and COVID-19 were behind the collapse of the craft brewer and creditors are set to take a big haircut.
- Simon Evans
March
Rich Lister among Tribe Brewing creditors owed $61m
Creditors include four entities in billionaire Anthony Pratt’s Visy Group, and the founder of Kathmandu outdoor clothing, Jan Cameron.
- Simon Evans
The winemakers saying no to exports and selling only locally
A new “glocalism” project reduces the industry’s carbon footprint by rescuing grapes, using sustainable packaging and targeting Australians exclusively.
- Max Allen
Businesses need more advice for energy transition, says Young Henrys
Young Henrys Brewery owner Richard Adamson wants to go from gas to electricity but says companies need more advice from the government in the energy transition.
- Gus McCubbing
This fast-growing beer brand is raising $20m to get five times bigger
The Inspired Unemployed comedy duo, who hold 42 per cent of Better Beer, will have their stake cut as outside investors come in for the first time.
- Simon Evans
Race to find cashed-up buyer for Tribe Brewing
Kathmandu founder Jan Cameron’s charity foundation is among a noteholders group which is a creditor of the failed craft brewer.
- Simon Evans
Craft beer golden days fading fast as costs jump
Australia’s 800 craft brewers face much tougher conditions with aluminium can costs up 11 per cent and drinkers baulking at price rises.
- Simon Evans
