Beware the quantum computers
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
Singapore-headquartered Inbrew Holdings Pte Ltd has acquired North American lager producer Molson Coors’ beer business in India.
London based non-resident Indian (NRI) businessman Ravi Deol owns Inbrew Holdings Pte Ltd through privately held Ahead Global Holdings. Molson Coors India Private Limited (MCIPL) is a wholly owned subsidiary of Coors Brewing USA with popular beer brands in India.
As part of the acquisition, Inbrew, will acquire popular beer brand Thunderbolt and rights to iconic brands such as Millers, Miller High Life, Miller Ace, Blue Moon, Carling and Cobra. Thunderbolt, the flagship brand of the company, is a pioneer in the strong beer segment in India with dominant share in North India and national share of over 5 percent.
Inbrew Holdings will also acquire manufacturing facilities in India along with the entire business operations. The manufacturing facilities have a combined capacity of over 600 khl with scope for doubling capacity. In addition, Molson Coors has a brewery in Bihar, which is currently mothballed due to state prohibition. Total installed capacity of these breweries stands at 16 million unit cases.
Ravi Deol, Chairman, Inbrew Holdings, said: “Inbrew understands the Indian beverage market and grasps the needs of existing and emerging consumers. A portfolio of strong local and portfolio of popular international brands, supported by established distribution and well-invested manufacturing facilities, will allow Inbrew to rapidly expand its offering. Molson Coors is a global beer giant and has made significant investment into India over the years. This acquisition provides Inbrew a robust platform to build further into an influential player in India’s young and rapidly growing beverage market.”
“Inbrew envisions a new-age beverage platform that fulfills young India’s thirst for innovative, contemporary beverage products. Someone who built Barista nearly two decades back when cafés were unknown, this is yet another step towards delivering that experience.”
“The sale of the India operation will make us a more streamlined organisation, whilst retaining a platform for our brands in India” said Simon Cox, President and Chief Executive Officer of Molson Coors’ EMEA & APAC division.
“Inbrew is ideally placed to build on the foundations we have laid down in India and maintain our key brand presence in the fast-growing India beer market.”
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
Rocketship’s Anand Rajaraman on getting pitches from places like Rameswaram and Patna
Bengaluru-based Archeron group plans to open five banks that are run entirely by AI and quantum technologies
Ably skippered by N Srinivasan, India Cements is upping its post-Covid-19 game by expanding capacity
Three-in-one: Passive debt funds come at a low cost and have high-quality portfolios. Some offer return ...
Trend in the rupee movement and Q4 earnings can give direction to the market
There is room for improvement in fund transfer options
Silver looks positive but lacks the higher volumes required to substantiate bullishness
Murder is a theme that is unlikely to darken and yellow with time, the writer Truman Capote had once said.
A domineering father, three resentful sons and a vile plan — director Dileesh Pothan, screenwriter Syam ...
Actor Adil Hussain on theatre, communal amity and citizenship in a new book about Assam and its many ...
My Chennai sister sent me a photograph of a young man whose hair looked as if it had exploded out of the top ...
Marketers are padded up, sponsorship deals have been struck, and campaigns are rolling out. Now let the games ...
And what marketers can possibly do to bring it back in our lives
The agency has changed form over the years but its lustre has not dimmed
Media Factory has purchased the majority stake held by Sam and Lara Balsara of Madison World in Madison Media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor