Beer barons cry poor as sales slacken in three-way market

Wed, 10 Sep 2014

By Jonathan Underhill Sept. 10 (BusinessDesk) - Financial results from the three brewers that control 90 percent of New Zealand's beer market show continued erosion in demand and margins for mainstream beers, even as the retail value of sales rises. Lion, which has 46 percent of the New Zealand market and is owned by Japan's Kirin Holdings, said last month it "continued to experience aggressive competition" in its first half . Results from local unit Lion - Beer, Spirits & Wine (NZ) for the 2013 year showed sales fell almost 7 percent to...

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