Drinks - China

Chinese Beer Sales Help Carlsberg Beat Expectations

A rebound in Chinese beer sales in the first quarter helped Carlsberg to beat analyst expectations, even as lockdowns depressed markets in Wester...

Treasury Wine To Overhaul Business, Sell Assets As Chinese Tariffs Bite

Treasury Wine Estates plans a major overhaul of its business that includes the likely sale of low priority brands and other assets, aiming to gain at...

EU-China Summit To Mark Soured Relations With Deal On Irish Whiskey

Once billed as the diplomatic high point in China-European Union relations, a summit on Monday is likely to show how far the relationship has ebbed, with t...

Heineken Says First-Half Revenue Falls Due To COVID-19, Shares Slide

Heineken's first-half net revenue fell 16.4% as the impact of coronavirus-related lockdowns intensified in the second quarter, the Dutch beer maker said in...

Diageo Warns Coronavirus Could Dent 2020 Profit By €239m

Diageo, the world's biggest spirits company, said on Wednesday the spread of coronavirus in greater China and the Asia Pacific region could knock up to &eu...

Heineken Completes Transactions To Form Strategic Partnership In China

Heineken N.V. has announced that it has completed all transactions to form the long-term, strategic partnership with China Resources Enterprise (CRE) and C...

China's Thirst For Cognac Helps Rémy Q3 Sales Beat Forecasts

French spirits group Rémy Cointreau delivered stronger-than-expected third quarter revenues, as the early timing of the Chinese New Year boosted pre...

Chinese Thirst For Cognac Lifts Remy Cointreau H1 Profits

French spirits group Remy Cointreau delivered higher first-half profits that came above forecasts, helped by demand for its premium cognac in China and by...

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C&C Group Signs Deal For China Distribution

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