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Sapporo Breweries Ltd. is shifting some production to the US from Canada due to 50% tariffs imposed on beer exports from the country, seeking to reinvigorate its North American operations.
Sapporo Breweries is shifting some production to the US from Canada due to 50% tariffs imposed on beer exports from the country, Chief Strategy Officer Rieko Shofu said. She spoke exclusively with Bloomberg's Shery Ahn on being impacted by tariffs, as well as the Iran war.
Over 200 people and multiple popular beer brands are being impacted by the unexpected shutdown.
The brewers have formed a JV for Southeast Asia, while Carlsberg is to produce for Sapporo in the UK.
Recent share performance and business mix Sapporo Holdings (TSE:2501) has seen mixed share performance recently, with the stock up 1.2% over the past day and 6.2% over the past week, but down over the past month and past 3 months. The company reports annual revenue of ¥501,931 and net income of ¥17,934, with most revenue generated in Japan at ¥377,124 and ¥124,771 coming from overseas operations, plus a Segment Adjustment of ¥74. See our latest analysis for Sapporo Holdings. Viewed over...
Stone Brewing, San Diego’s largest craft brewer headquartered in Escondido, is being sold again to Firestone Walker Brewing Company and Duvel Moortgat USA, according to its subsidiary, Sapporo. According to an announcement made on Tuesday, Sapporo Holdings Limited said that its Board of Directors has approved a major restructuring of its U.S. operations, including the transfer of intellectual property related to Stone Brewing, the sale of hospitality assets, and a consolidation of its production network. This move comes as part of a broader strategy to focus its U.S. business on expanding th
Sapporo is also making changes to its production in the US.
The subsidiary of Sapporo Holdings said it had entered an “absorption-type” split agreement with Lifedrink.
Over the last two years, the craft beer industry has lost some of its most iconic breweries to bankruptcy, liquidation, or an out-of-court closing. San Francisco’s Anchor Brewing was one of the best-known and highly regarded independent craft breweries since its founding in 1896. After Japan-based ...
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