Monthly Archives: May 2023

Why Lion CEO says beer is still recession-proof

The boss of Australia’s second-largest beer company, Lion Group, expects the beer category to show its resilience if economic conditions worsen, because some spirits and wine drinkers will trade down as prices climb in those higher-priced segments. Sam Fischer, who became chief executive of Lion in mid-2022 overseeing beer brands including Tooheys, XXXX Gold, Furphy, Hahn and West End, said the

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Carlsberg Malaysia banks on lifting of global travel restrictions

PETALING JAYA: Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia) is hopeful that the lifting of total travel restrictions globally will boost consumer demand. The company said this is as Malaysia and Singapore anticipate an increase in inbound travellers. “The end of the Prosperity Tax 2022 will also positively impact the net profit,” it said in a filing with Bursa Malaysia. For its first

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