Australian entrepreneur John Singleton is reportedly furious that SAB Miller subsidiary Carlton & United Breweries (CUB) has chosen to axe its once successful Bluetongue beer brand.
The head of SAB Miller’s JV in China says the firm should be gunning for a 30%+ beer market share as it seeks to consolidate its position as market leader, but major takeover targets are scarce.
Diageo is in an arguably stronger market position than multinational peer SAB Miller due to its core exposure to spirits rather than beer, according to one City analyst who covers the firm.
