Heineken, the world’s second-largest brewer, wants to challenge leader Anheuser-Busch InBev in one of its key markets – and that’s going to cost the Dutch brewer some lost profit. The Dutch company became the second-largest brewer last year in South America’s largest economy after Kirin stumbled amid competition with AB InBev. Revenue rose 5 per cent on a so-called organic basis in 2017, the company said. Analysts expected 5.7 per cent growth. Volume growth was led by Asia Pacific, where Vietnam is one of Heineken’s largest markets.

Source: The Irish Times February 12, 2018 07:30 UTC