Qld pair accused of Nashville singer scam
Two Queenslanders have been charged over a scam worth almost $1 million after were investors told they were financing an Aussie singer's career in the US.A man and a woman from the Sunshine Coast are accused of telling investors they were raising money for the singer and that they'd get regular payments based on her musical success.
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Big things are happening in the world of beer . Two giant brewing groups, Anheuser-Busch InBev and SABMiller, are in the process of merging. The conventional idea is that mergers bring economies of scale - bigger , better breweries, more efficient distribution and marketing, tighter management.
The news last week that Mick Fanning-backed craft beer label Balter Brewing had beenprobably came as little surprise for the truly committed froth lords out there.
That's because it has been something of a trend in recent years.
The routine plays out the same way: A local label picks up steam, gets traction in the wider market, and then – wham! – it gets swept up by one of the big conglomerates which dominate booze distribution in Australia.
There are plainly great reasons why an independent brewer might want to be acquired – and it isn't just the money.
The beer titans, which include CUB and Lion -- both of which are owned by international conglomerates -- have far more developed brewing and distribution networks, which can enable formerly small breweries to develop and sell their product at a far greater scale.
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About one third of large companies have once again failed to pay a cent of tax, even though have they made a gross profit, according to the Tax Office's latest corporate tax transparency report.Of 2,214 entities covered by the Australian Taxation Office (ATO) data for 2017-18, 710 did not pay any tax.
Beer is a complex beverage shaped by supply and demand, production and distribution – with For example, the stock of major beer -producing companies rose during the dotcom bust of the late The supply of beer has seen a number of changes in recent years, with increased production from
It is easy to set up – all you need is ……. Special features During the growth period, ‘early adopters’ join the ‘innovators’ who were responsible for the first sales, so that sales rise quickly, producing profits. During the _ a number of serious production flaws were found. Customer service.
, Balter pointed to this increase in scale as their reason – while acknowledging many of their customers value independence.
"We’ve always believed that good beer is for everybody and this is a great way to continue that mission of sharing ‘good beer, with enjoyment'," the letter reads.
"It also means we’ll be able to manage the epic growth we’ve experienced since day one, in a way that won’t affect the quality of the beer, or sanity of the people in the business."
The Independent Brewers Association (IBA), which represents and provides support for indie brewers in Australia, said in a statement to Business Insider Australia that Balter's membership had lapsed anyway, but its new position under the CUB banner would obviously render it ineligible to be part of the organisation.
Asahi's $16b takeover of CUB raises competition concerns, says ACCC
The competition regulator says the brewers' deal would reduce competition in the cider market, and could also be bad for beer drinkers."The proposed acquisition would combine the two largest suppliers of cider in a highly concentrated market," said Australian Competition and Consumer Commission chairman Rod Sims.
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A spokesperson for the IBA said its goal is to offer some of the benefits of scale for the smaller brewers who want to stay indie.
"The large multinational brewers and beverage companies have access to a vast amount of technical resources.
They have a powerful seat at the table when it comes to advocacy, and they have well-resourced marketing programs and dominant distribution platforms," the spokesperson said.
"Individually the independent brewers in Australia do not have access to that level of resource and therefore we have committed to a membership organisation that develops a strong collective voice, and collaboratively develops and provides resources which its members could never access on their own."
However, it could be the case that the spate of craft beer acquisitions might be slowing. A report in the AFR in July said the near-meteoric growth of craft beer brands had, making it a less enticing sector to help arrest the sideways – or negative – growth of mainstream beer brands.
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The earliest known alcoholic beverage is a 9,000-year-old Chinese concoction made from rice, honey and fruit, but the first barley beer was most likely born in the Beer consumption also flourished under the Babylonian Empire, but few ancient cultures loved knocking back a few as much as the Egyptians.
Some companies , like certain life insurance companies , are mutual. When you buy insurance with the company you become a member. Organizations with ‘social’ aims such as helping those who are sick or poor, or encouraging artistic activity, are non-profit organizations (British English) or
Yet here we are six months later, with another plucky craft brand falling under the umbrella of the beer giants. On that note, here are six Australian craft beer labels that have been snapped up by a big corporate brewer.
Anyone who spends any time hanging around pubs – and there's no shame in it! – would certainly have noticed 4 Pines is on tap all over the place now.
That's no accident: 4 Pines, which started with micro-breweries in Brookvale and Manly on Sydney's northern beaches, was acquired by multinational beverage giant AB InBev in 2017.
AB InBev also happens to own CUB – at least until.
Like 4 Pines, Pirate Life was also an acquisition by AB InBev. In fact,.
Not a bad result, considering Pirate Life only launched in 2014.
"The reality is we have run out of capacity at Hindmarsh," brewer Jared "Red" Proudfoote, referring to the company's existing brewery in Port Adelaide.
Matilda Bay Brewing Company
Australia's first craft brewery was also one of the first to be acquired.
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Tapping on the sides or top of a beer can is a time-tested tradition that allegedly helps calm the flood of fizz that spews forth after it's opened. A team of scientists out of the University of Denmark conducted an experiment using over 1,000 cans of beer which were conveniently donated by a beer company.
He added that a number of themes would be explored, including the world of rituals, prejudice One company that supplies egg whites says that every single yolk that they separate from the egg is 1. who had compiled a collection initially intended for the king of Prussia 2. and attended by the various
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We can't quite place Matilda Bay's acquisition in the same family as the recent spate of buyouts – it was picked up by Carlton & United Breweries in 1990.
It had opened the doors to its main brewery a year earlier in 1989.
In October, the AFR reported CUB was, tapping Aussie craft brewing pioneer Phil Sexton to open up a new Victorian boutique brewery to bring some focus back to Matilda Bay Brewing.
Little Creatures was established in 2000 by the original brewers from the Matilda Bay Brewing Company – who we'll get to in a moment.
The parent company of the Fremantle-based label is Little World Beverages, which has been a wholly-owned subsidiary of Lion since 2012.
Shortly after the acquisition in 2013, a second Little Creatures brewery opened up in Geelong, Victoria.
Lion already owned part of Little Creatures before the acquisition – with the final deal v.
Feral Brewing Company
Another beer from the west, Feral Brewing fired up in 2002.
It too was scooped up in an acquisition, but by a fairly unique player: Since 2017, the company has been owned by Coca-Cola Amatil.
"We have acquired them in the interests of enabling them to distribute their products more widely around Australia," a Coca-Cola Amatil spokesman said at the time,.
Coca-Cola Amatil also owns.
Mountain Goat Beer
Another beer which seems to be everywhere these days is Mountain Goat, and for good reason.
The brewery, founded in Richmond, Victoria in the positively prehistoric era of 1997, was.
Prior to the acquisition, Mountain Goat.
Aussie Sharks go down to dominant Croatia .
A spirited fightback from the Australian men's water polo team was not enough to overcome European heavyweights Croatia in the first of their three matches.Scores were level at 3-3 after the first quarter at Sutherland Leisure Centre on Tuesday night but the European heavyweights pulled away in the second and the third, maintaining a three-point advantage.