Thaibev

Retail Asia01/02/2023

Saigon Beer brewer Sabeco saw revenue jump 33% from 2021 to VND35.24 trillion ($1.5 billion) last year as consumption bounced back after two years of Covid-19. The brewer’s post-tax profit surged nearly 40% to VND5.5 trillion, the highest level since it was sold to ThaiBev in 2017. “The company has improved its production efficiency and […]

Retail Asia30/09/2022

Thai company ThaiBev has dismissed rumors it wants to sell Vietnam’s biggest brewer Sabeco. “It’s our crown jewel, a rare asset among all brewing assets in the region,” said Thapana Sirivadhanabhakdi, CEO of ThaiBev Group, as said at the company’s annual press conference Tuesday. He was asked about rumors that the Thai giant plans to […]

Retail Asia29/01/2019

While Sabeco is still at loggerheads with the taxman over alleged back taxes of $135.73 million, it has not provisioned for it. Its 2018 accounts make no mention of the amount in dispute though the HCMC Tax Department has claimed it owes that in taxes and fines and even tried to seize the money from […]

Retail Asia13/11/2018

Vietnam’s largest brewer Sabeco says it has removed its foreign ownership limit, in a statement on its website Monday. The company, known for its Bia Saigon and 333 brand, said that its board of directors had issued a resolution on Oct. 30 that approves “unrestricted foreign ownership percentage in Sabeco.” Last December, Thai Beverage acquired […]

Retail Asia01/11/2018

Beer maker Sabeco has reported after tax profits of $149 million in Jan-Sept 2018, down 6 percent year-on-year. The company’s total revenue in the first nine months of the year was VND25.5 trillion ($1.1 billion), 70 percent of its annual target. According to the company’s third quarter financial report Sabeco, formally known as Saigon Beer […]

Retail Asia20/08/2018

Thai Beverage on Wednesday announced plans to double down on the Vietnam beer market after posting disappointing third-quarter results. It said it will focus on optimal use of its 54 percent stake in Vietnam’s largest brewery Saigon Beer Alcohol Beverage Corp (Sabeco), known for its Saigon Special beer. It is reported that although the firm […]

Retail Asia19/12/2017

Thai Beverage has won an auction to buy a majority stake worth $4.84 billion in Vietnam’s top brewer Sabeco SAB.HM, a lofty deal that adds a major asset to the beer-to-property empire of Thai magnate Charoen Sirivadhanabhakdi. The deal is a big step for Charoen, the son of a Bangkok street vendor, who is emerging as […]

Retail Asia09/10/2017

Thai Beverage Public Co (ThaiBev) has bought a 76 per cent stake in Thailand restaurant chain Spice of Asia for THB114.5 million (US$3.4 million). Funding for the acquisition will come from internal resources, says the F&B giant. Spice of Asia has 10 restaurants under four brands – Cafe Chilli, Chilli Thai Restaurant, Eat Pot and […]

Retail Asia06/03/2017

Hong Kong-headquartered multi-format retailer Dairy Farm International has celebrated its 130th anniversary with a strong set of results, with food, home furnishings and restaurants delivering higher profits. Total sales, including those of associates and joint ventures, rose 14 per cent in US dollar terms and 17 per cent on a constant-currency basis to US$20.4 billion. […]

Retail Asia09/09/2015

Asian beverage producer ThaiBev has now completed a multi-site implementation of Manhattan Associates’ warehouse management technology, as it looks to improve service levels and fulfil orders more profitably. Using the vendor’s Warehouse Management Solution (WMS), the Chang Beer producer is aiming to grow its business and expand its reach across its local market of Thailand […]

Retail Asia26/08/2015

Thai Beverage (ThaiBev) has consolidated all its beers under the Chang Classic brand in line with its vision to become a “sustainable leader” in the beer and non-alcoholic beverages market in Asean by 2020. “We are able to make a perfect liquid for consumers. So, we would like to contribute a single-minded focus actually on […]

Tag: Thaibev

Saigon Beer brewer sees revenue surge by a third

ThaiBev rejects rumors about selling ‘crown jewel’ brewer Sabeco

Vietnam’s largest brewery, foreign-owned, refuses to humor taxman

Vietnam brewer Sabeco lifts foreign ownership cap

Profits down at Vietnam’s largest brewer

ThaiBev to intensify Vietnam focus after lackluster 3Q

Thai beer magnate extends SE Asia push with $4.8 billion Sabeco deal

ThaiBev acquires restaurant chain

Solid year for revitalised Dairy Farm International

Chang Beer producer says ‘cheers’ to Manhattan

ThaiBev consolidates all beers into Chang Classic to shake up market