InBev pledges to revive UK sales

31 August, 2007

InBev has vowed to “do better” in the UK market after disappointing second quarter sales.

InBev’s UK volumes dropped by 11 per cent in the three months to June 30, compared to the same period last year, with Stella Artois performing weakly, the brewer has revealed.

In its second quarter financial statement, the brewer said the drop implied some share loss in a difficult market.

Chief executive Carlos Brito said while overall business had improved, “we can do better. We have higher expectations for our China and UK operations. In those operations we have been outperformed by competitors and we must do better”.

Second quarter sales in western Europe and North America were hit amid challenging conditions, the company said, while volumes in other areas grew.

Globally, gross profits grew by 7 per cent to €2.2 million.




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Richard Hemming MW asks: what’s the next step for indies?

In the not-too-distant future, when all humans are born with inbuilt VR headsets and Trump is Supreme Commander of the Known Universe, how will students of wine look back on the present era of retail in the UK? And, in such a dystopian world, why would anyone care?

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