Japanese drinks giant Kirin Holdings is changing its strategy as it withdraws from Asia, looking to focus instead on more profitable craft beer and probiotics businesses in the U.S. and Australia. Over a span of just three days, Kirin announced it would exit joint ventures in Myanmar and China in decisions underscoring the limits of developing emerging markets that are

Putu Wiranatha watched with growing unease as the coronavirus pandemic threatened to upend his plans to launch a beer company in 2020. In March of that year, authorities in Bali asked people to stay at home, restaurant dining hours were reduced, and the lights went out on the island’s vibrant nightlife. Within months, tourist arrivals would plummet to near zero.

Heineken, the world’s second biggest brewer, said India’s United Breweries (UBL) is now a top operating company with the flagship Kingfisher brand among its five global brands, with an “exciting long-term growth opportunity”. The Dutch brewing firm acquired a majority stake in UBL, the erstwhile flagship brand of Vijay Mallya’s UB Group, in July last year. The consolidation in India