News Formal

Inflation pressure points to higher beer prices across industry

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 90%

Business News News

Business Business Latest News,Business Business Headlines

ASX-listed Good Drinks Australia has signed a $40 million deal with a NYSE-listed giant to distribute Millers, Coors and Molson in Australia.

is gradually shifting out of beer after the $9.8 billion buyout of ASX-listed Coca-Cola Amatil.

“Our strategy is really on fire,” he said. “We’re actually outperforming the bigger players in the beer market,” he said. Beer makers face higher excise duties each February and August under a Federal government system where excise charges increase twice-yearly in line with the consumer price index, which itself has been rising faster than usual.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX to fall; S&P 500 touches bear marketAustralian shares to open lower; Wall Street recovers from session lows; iron ore rallies on China policy optimism; $A slightly higher following election. Follow the latest here.
Source: FinancialReview - 🏆 2. / 90 Read more »