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☆ Dining out with our 3 kids is really hard. The connection we get outweighs the chaos.
▼ + stars: | 2024-05-19 | by ( Katharine Reid | ) www.businessinsider.com time to read: +3 min

Going to restaurants with our three kids — ages 9, 7, and 4 — is usually a lesson in extreme patience. And it's just really hard for our kids to stay still at the table. Our tiny table means the kids can too easily bug each other, so we also end up breaking up fights most nights. We choose where to go with our kids in mindDespite the hard stuff, the good parts make it worth it. And even the hard parts can be made easier by choosing our location wisely.

Persons: doesn't, what's, it's, We're Organizations: Breweries

☆ He left his desk job in the US to run a food stall in Hong Kong. He earns more now — but plans to walk away from it soon.
▼ + stars: | 2024-05-10 | by ( Faye Bradley | ) www.businessinsider.com time to read: +9 min

Toby To Yan Choi left his accounting job in California to help his father run a food stall in Hong Kong. Dai pai dongs — Hong Kong's open-air stalls serving food with a no-frills approach — are disappearing. The number of dai pai dongs in all of Hong Kong has dwindled to just over 20, according to the Hong Kong Tourism Board. The braised white pepper pork hock is one of the signature dishes at Dai Lee Dai Pai Dong. AdvertisementHe's gotten married since moving to Hong Kong and plans to move back to the US if he and his wife have kids.

Persons: Toby, Yan Choi, Dai pai dongs, —, Santa Barbara, Choi, Dai Lee Dai Pai Dong, pai, Hong Kong, He's, Hong Kong Dai pai dongs, Hong, sizzling woks, Agnes Chee Yan, Wei, pai dongs, Tiffany Leung, Faye Bradley, wasn't, Shawn Cai, Law Chun Chuen, Dai Lee Dai Pai, Yan Choi There's, they've, Tony Lee, Mok Wah Ho, Ales, Yan Choi He's, Betty Richardson, dongs, Chee, I'm Organizations: Service, University of California, Kong's, Hong Kong Tourism Board, China Morning Post, Young Locations: California, Hong Kong, Santa, Hong, Sham Shui, Sham, China, Shanghai

☆ Denver and its craft breweries embrace nonalcoholic beer, spirits
▼ + stars: | 2024-04-09 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +5 min

Denver Beer Co. Courtesy: Denver Beer Co. Alcohol-free beverage options have skyrocketed over the past few years, and that trend has especially picked up in the form of nonalcoholic beer in Denver, an epicenter for craft breweries. Courtesy: Ceria Brewing CompanyDenver's beer sceneFood trend expert Kara Nielsen said that because Denver is such a beer-centric city, the rise of nonalcoholic beer and spirits fits with the city's narrative. But then, he said, nonalcoholic and alcohol-free beer became trendy, attracting more mainstream customers.

Persons: Technomic, Keith Villa, Villa, Jodi, Keith, Jodi Villa, Kara Nielsen, Nielsen, It's, Niki Sawni, Sawni, he's, hasn't, Niki, Anika Sawni Organizations: Denver Beer, Denver Beer Co, Anheuser, Busch, Ceria Brewing Company, CNBC, Ceria Brewing, Grüvi Locations: Denver, Rocky, Technomic, NielsenIQ, Colorado

☆ How Athletic Brewing Co. became the king of nonalcoholic beer
▼ + stars: | 2024-03-11 | by ( Devan Burris | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Athletic Brewing Co. became the king of nonalcoholic beerAthletic Brewing Co. is a midsize craft brewing company based out of Milford, Connecticut. Like most craft brewing operations, Athletic Brewing pumps out IPAs, dark beers, lite beers, hazy, special edition and maybe even fruity offerings during the summer. Similar to other breweries, you'll find huge industrial barrels of hops and wheat, and maybe a couple of brewing awards displayed. But the one thing you won't find at Athletic Brewing is alcohol.

Organizations: Brewing Co, Athletic Brewing Locations: Milford , Connecticut

☆ They Want to Make Palm Oil in a Lab. Without Palm Trees.
▼ + stars: | 2024-03-09 | by ( Dionne Searcey | ) www.nytimes.com time to read: 1 min

A handful of startups are trying to reinvent one of the most ubiquitous, but also environmentally destructive, ingredients in our diets: palm oil. Palm oil is in bread, instant noodles, Girl Scout cookies, lipstick, Nutella and ice cream, to name a few. But to make all of that oil, endless miles of rainforests worldwide — regions along the Equator vital to biodiversity and the fight against climate change — have been flattened and burned and turned into palm oil plantations. The new companies are taking their tech out of the lab and into real products. The material is made by fermentation (think breweries producing oils rather than beer) and isn’t approved for food yet.

Locations: Indonesia

☆ 4 reasons to explore Portland, Oregon, from tax-free shopping to mountain views and an award-winning food scene
▼ + stars: | 2024-03-01 | by ( Sponsor Post | Created Insider Studios With | ) www.businessinsider.com time to read: +5 min

Portland, Oregon, was named one of the best travel destinations in the US by Forbes. Here are four things you'll experience when in Portland that make it well worth a trip — or many. Award-winning food scenePortland's food scene is a true standout, rich in both quantity and quality. Also within Forest Park, visitors who want to mix nature and culture can hike to the Victorian-era Pittock Mansion. Explore the official guide to PortlandThis post was created by Insider Studios with Travel Portland.

Persons: Forbes, Bookworms, —, Louis Vuitton, Gucci, James Beard, Gregory Gourdet, There's, Lan, there's Organizations: Forbes, Nines, Portland Farmers, Portland State University, of, Portland Rose, Insider Studios, Travel Portland Locations: Portland , Oregon, Portland, Powell's, Mount Hood, Chinatown, Oregon Coast, Portland's, Forest Park, Mount Tabor

☆ Gen Z and Millennials reinvent book clubs: Even Dua Lipa has one
▼ + stars: | 2024-02-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

New York CNN —From Dua Lipa to “silent” book clubs, Millennials and Gen Z are joining book clubs as a way to socialize. Many of these book clubs are not the stodgy ones of old, however, featuring wine and crackers in a host’s living room. Themed book club events, such as queer book clubs, saw an 82% increase in attendance in 2023, according to Eventbrite, while attendance at silent book clubs increased 23%. Phelan M. Ebenhack via APEventbrite is also seeing growth in romance book clubs, dating event book clubs and evening book club running groups, such as Read & Run Chicago. Gen Z favorite Dua Lipa has a book club.

Persons: BookTok, ”, Teri Coan, Phelan M, Ebenhack, “, Ashley Petty, “ It’s, Khaled Hosseini, Sarah J, Maas, Leigh Bardugo, Colleen Hoover, Noble, Samir Hussein, ” Coan, Gen, ” Barnes Organizations: New, New York CNN, Millennials, AP Eventbrite, Chicago, Afghan, Barnes, American Booksellers Association, Amazon Locations: New York, Dua Lipa, United States, Decatur , Illinois, Lipa, American

☆ 2023 was year of the strike. Here’s what’s possibly ahead in 2024
▼ + stars: | 2024-02-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

The 33 strikes last year is roughly double the average of 16.7 major strikes a year over the course of the last 20 years. A separate database of all work stoppages by Cornell University’s School of Industrial and Labor Relations shows that there were 451 work stoppages in 2023, up 9% from the 2022 total. So the major strikes of 1,000 or more account for less than 10% of the overall number of strikes. So many of the major strikes and contract negotiations that occurred in 2023 will not occur again in 2024. But that doesn’t mean there isn’t a chance of some major work stoppages this year.

Persons: Joe Biden Organizations: New, New York CNN, Labor Department, Bureau of Labor Statistics, SAG, Cornell University’s School of Industrial and Labor Relations, General Motors, Ford, Anheuser, Busch, Teamsters, CNN, Molson Coors, Hollywood, Writers Guild of America, Boeing Boeing, Boeing, Max, Alaska Airlines, Professional, American Airlines, Labor, Railway Labor Locations: New York, America, Fort Worth , Texas, Canada, Hollywood, Washington

☆ Teamsters union strikes Molson Coors as it prepares to walk out at Anheuser-Busch next week
▼ + stars: | 2024-02-20 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —More than 400 Teamsters are on strike at the Molson Coors brewery in Fort Worth, Texas, impacting production for North America’s second largest brewer. The work stoppage, which began Saturday, comes ahead of a March 1 strike deadline that the Teamsters have set for 5,000 members at Anheuser-Busch, the nation’s largest brewer. In its most recent statement on the state of those talks the union said a strike at Anheuser-Busch “appears unavoidable.”The Molson Coors strike comes as the company has been reporting strong sales and profits. Molson Coors said about 30% of its North American work force is unionized, but much of that is the workers at three Canadian breweries. “While we respect the union’s right to strike, we have strong contingency plans and are well equipped to ensure consumers will be able to buy their favorite Molson Coors products,” said the company’s statement.

Persons: Busch “, ”, Gavin Hattersley, Sean O’Brien, We’re, we’re, Molson Coors Organizations: New, New York CNN, Teamsters, Molson Coors, North, Anheuser, Busch, Molson Locations: New York, Fort Worth , Texas, North America’s, American, Fort Worth

The sun is about to pull another disappearing act across North America, turning day into night during a total solar eclipse. Photos You Should See View All 15 ImagesHere's what to know about April’s extravaganza and how to prepare:WHAT HAPPENS DURING THE TOTAL SOLAR ECLIPSE? By a cosmic stroke of luck, the moon will make the month’s closest approach to Earth the day before the total solar eclipse. WHEN IS THE NEXT TOTAL SOLAR ECLIPSE? The next total solar eclipse, in 2026, will grace the northern fringes of Greenland, Iceland and Spain.

Persons: Kelly Korreck, Neil Armstrong's, won’t, NASA’s Organizations: Michigan —, Indianapolis Motor, Armstrong Air, Space Museum, NASA, Space, Pacific, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: North America, Texas, Oklahoma, New England, Canada, Mazatlán, Mexico, Newfoundland, U.S, — Tennessee, Michigan, Dallas, Rock , Arkansas, Indianapolis, Cleveland , Ohio, Buffalo , New York, Montreal, Seattle, Portland , Oregon, Africa, Tiffin , Ohio, Russellville , Arkansas, Wapakoneta , Ohio, Virginia, Greenland, Iceland, Spain, Alaska, Western Canada, Montana, North Dakota, Northern California, Cape Canaveral , Florida, Carbondale , Illinois

FRANKFURT, Germany (AP) — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil, one of the biggest deals for Western-held companies to exit Russia since the invasion of Ukraine. He subsequently condemned Russia's invasion as “barbaric.” The Nasdaq exchange suspended trading in Yandex shares days after the invasion. After the sale, Yandex NV would be left with its international businesses — employing 1,300 people — including self-driving technology and generative artificial intelligence as well as a data center in Finland. Yandex NV Chairman John Boynton said the company had faced “exceptional challenges” since the start of the war. None of the purchasers have been sanctioned, Yandex NV said, and the cash part of the transaction would be conducted in Chinese yuan outside of Russia.

Persons: Vladimir Putin's, Arkady Volozh, Dmitry Peskov, ”, —, Alexander Chachava, Pavel Prass, Alexander Ryazanov, John Boynton, Boynton, McDonald’s, France’s Renault, Baltika Organizations: Western, Nasdaq, Yandex, Google, Yahoo, European Union, Companies, Baltika Breweries, Danone Locations: FRANKFURT, Germany, Russian, Russia, Ukraine, Moscow, Netherlands, Israel, Finland, Avtovaz, Western

☆ An ex-finance trader launched a mobile coffee business and grew its sales by over 550% — she shares the 3 strategies that made her truck a household name in Phoenix
▼ + stars: | 2024-02-05 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +8 min

Devon McConville is a former day trader who owns First Place Coffee, a Phoenix-based coffee truck. Now, McConville runs a beloved fixture of the Phoenix drink scene: First Place Coffee, a coffee vendor on wheels. First Place Coffee serves specialty coffee and espresso drinks from a 1970 Chevy P10 truck that regulars know as "Matilda." "I really had this vision to really create a community around a mobile coffee business," McConville said. "It seems really small, to own and operate a mobile coffee business, but I think it really has a large effect that radiates out from it," McConville said.

Persons: Devon McConville, McConville, —, Matilda, Alexandra Cocca McConville, Terrence Murtagh, Murtagh, Elizabeth Chung, Chung, Instagram, Bella Sayegh, Austin Hogland, they've, Kaytee Hogland, We're, she's Organizations: Service, Coffee, BI Locations: Devon, Phoenix, Austin

BERLIN (AP) — German beer sales dropped 4.5% last year, resuming a long-term downward trend, official figures showed Thursday. German-based breweries and distributors sold about 8.4 billion liters (2.2 billion gallons) of beer last year, the Federal Statistical Office said. That figure doesn't include non-alcoholic beer and beer imported from outside the European Union. In 2022, beer sales increased 2.7% thanks to a recovery in demand at home and in the EU following the end of COVID-19 restrictions. Sales inside Germany — more than four-fifths of the total — dropped 4.2% to 6.9 billion liters (1.8 billion gallons).

Organizations: BERLIN, Federal Statistical Office, European Union, EU Locations: EU, COVID, Germany

☆ After a Boom, Craft Beer Considers a New Creed: Less Is More
▼ + stars: | 2024-01-26 | by ( Joshua M. Bernstein | ) www.nytimes.com time to read: 1 min

More than a decade ago, when Ryan Guererri was in his early 20s, he became obsessed with craft beer. As breweries rolled out a nonstop roster of new products, he bought hundreds of different beers, from bitter I.P.A.s to strong Belgian ales. “It was exciting trying everything,” said Mr. Guererri, who is now 35 and a human resources manager in Geneva, N.Y. These days, Mr. Guererri mainly stocks his fridge with just a small collection of tried-and-trusted brands. His move to simplicity reflects a broader shift in the beer world.

Persons: Ryan Guererri, ”, Guererri Locations: Geneva, United States

☆ 8 things that are worth it and 6 things tourists can skip in my Canadian town where hundreds of Hallmark movies are filmed
▼ + stars: | 2024-01-21 | by ( Simone Paget | ) www.businessinsider.com time to read: +1 min

I live in Victoria, British Columbia, a small Canadian town where Hallmark movies are filmed. But if I was a tourist, I'd skip whale watching, Butchart Gardens, and overrated bars. AdvertisementMy hometown — Victoria, British Columbia — is a popular tourist destination known for its whimsical architecture, beautiful gardens, and horse-drawn carriages. With its storybook-like setting and cozy spaces, it makes sense that hundreds of Hallmark movies have been filmed here. If you're visiting Victoria, here are some spots I think everyone should check out and a few you can probably skip.

Persons: — Organizations: Hallmark, Service Locations: Victoria, British Columbia, Hill

☆ The Olympics tap its first-ever beer sponsor
▼ + stars: | 2024-01-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Bud Light brewer Anheuser-Busch InBev is becoming the first-ever beer sponsor for the next three Olympics and Paralympic Games — with a non-alcoholic brand taking the torch. The deal will cover the upcoming Summer Games in Paris, the Milan Winter Games in 2026, and the 2028 Summer Games in Los Angeles, which will be the first Summer Olympics to be held in the US in about three decades. Prior to this, the Olympics never had a global beer sponsorship, but local organizing committees had enlisted beer brands in the past. “Beer and sports are better together, so we are proud to be the first beer sponsor for the Olympics at the Worldwide Olympic Partner level,” said AB InBev CEO Michel Doukeris in a statement. Global sales of non-alcoholic beer have been soaring in recent years as drinkers embrace moderation with alcohol.

Persons: Bud, Corona, “, ”, Michel Doukeris, isn’t, Marcel Marcondes, ” Doukeris, CNN’s George Ramsay Organizations: New, New York CNN, Bud Light, Anheuser, Busch InBev, Paralympic, InBev, Olympic, Milan Winter Games, Asahi Breweries, Olympics, Corona Cero, Modelo, Constellation Brands, Corona, ”, CNN, Team USA, Budweiser Locations: New York, Paris, Los Angeles, Tokyo, Spain, Germany, Europe, Mexico

☆ Corona-maker AB InBev to have first beer sponsorship with the Olympics
▼ + stars: | 2024-01-12 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

Anheuser-Busch InBev has scored a sponsorship for the upcoming Olympic Games, making it the first beer brand to ever sponsor the event. Corona Cero, one of AB InBev's non-alcoholic beers, contains less than 0.5% alcohol by volume, according to the company's website. It has a "characteristic as a category that is incredible, which is beer is local," Doukeris said. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Corona, Doukeris, CNBC's Arabile Gumede, Dylan Mulvaney, Bud Organizations: Anheuser, Busch InBev, Games, Olympic Committee, IOC, Corona Cero, InBev's, InBev, Bud Light, Modelo Especial, U.S ., CNBC, NBCUniversal, NBC Sports, NBC Olympics, NBC Locations: Los Angeles, U.S

Indeed, studies show that drinking alcohol is less in vogue with younger millennials and Gen Z. Mounting concern around weight loss drugs GLP-1 drugs, which mimic the action of the glucagon-like peptide-1 hormone and stimulate insulin secretion after a meal, lower blood sugar and send feeling of fullness to the brain. What's more, GLP-1 drugs are an overwhelmingly American topic, with most Europeans unaware of them or unwilling to pay high prices. In total, GLP-1 users are only a very small slice of total alcohol consumers, said Spiros Malandrakis, lead alcohol industry researcher at Euromonitor International. The most vulnerable purveyors are those that are trailing the shift in consumption, notably domestic, non-premium beer brands.

Persons: Katie Pell, Pell, wasn't, millennials, Eli Lilly's Mounjaro, Goldman Sachs, Jason English, Nadine Sarwat, Bernstein, Sarwat, Spiros Malandrakis, —, BUD YTD, who'd, Mickey Velado, Brian Sudano, Nell Healy, Healy, she's, Malandrakis, Ryan Brigden, Brigden, Sudano, Joseph Gabelli, Gabelli, Z, there's, it's, Garrett Nelson, They've, seltzer, Nelson, Molson Coors, Bud, he's Organizations: Gallup, Drugs, Nordisk's Ozempic, JPMorgan, CNBC, Euromonitor, Anheuser, Busch Inbev, Beverage Marketing, Constellation, Guinness, Corona, Heineken, Athletic Brewing Company, Heineken Holding, Carlsberg, Constellation Brands, Malandrakis, Beverage, Gabelli, Diageo, Molson Coors, Busch InBev, Molson, Anheuser Busch Locations: Brooklyn, U.S, GLP, imbibing, Angeles, Colorado, Washington, California, North Carolina, San Francisco Bay, Europe, British, Brazil, India

MOSCOW, Dec 1 (Reuters) - President Vladimir Putin has signed a decree putting St Petersburg's Pulkovo Airport under the temporary management of a Russian company, wresting control from investors from Germany, Qatar and other Gulf states. The airport's management company has 14 co-owners. The rights of foreign shareholders will pass to two different Russian entities. Russian shareholders will retain their rights. The decree stated that airport's foreign shareholders would be able to restore their rights to stakes in the new company if they apply and conclude corporate agreements that comply with Russian laws on foreign investment.

Persons: Vladimir Putin, Fraport, VTB, Ramzan Kadyrov, Taimuraz, Carlsberg's, Gleb Stolyarov, Alexander Marrow, Ilona Wissenbach, Gareth Jones, Kirsten Donovan Organizations: Petersburg's Pulkovo, Qatar Investment Authority, Russian Direct Investment Fund, Baring, Baltika Breweries, Reuters, Thomson Locations: MOSCOW, Russian, Germany, Qatar, St Petersburg, Abu Dhabi, Russia, Ukraine, Moscow

Researchers have known for a while that beer production will be affected by climate change, said Mirek Trnka, a professor at the Global Change Research Institute. Political Cartoons View All 1240 Images"If we don’t act, we’re just going to also lose things that we consider not to be, for example, sensitive or related to climate change. Climate change moves faster than we might realize – but still too slowly for many to notice, he said. Hayes kept the card in his office, and has made it his life’s mission to work on improving winter barley. No matter what farmers and companies do with hops and winter barley, climate change may affect what beer-lovers are able to buy in the future.

Persons: crisscrossed Gayle Goschie's, Goschie, Mirek Trnka, we’re, ”, Trnka, Shaun Townsend, Townsend, Kevin Smith, Smith, – Patrick Hayes, Oregon State University –, Hayes, Ashley McFarland, Douglass Miller, ” Hayes, Dee, Ann Durbin, Walling, ___, Melina Walling, Read Organizations: Change Research, Nature Communications, Oregon State University, University of Minnesota, Barley, Molson Coors, Anheuser Busch, Associated, Cornell, Associated Press, AP Locations: ANGEL, Portland , Oregon, Goschie, Willamette, U.S, Europe, Midwest, Detroit, Chicago

☆ The Best Ski Resorts for Every Type of Skier: 2023 WSJ Ski Awards
▼ + stars: | 2023-11-10 | by ( Jen Rose Smith | Tom Corrigan | ) www.wsj.com time to read: +1 min

FOR AVID SKIERS, the first crisp days cue the desire for a snowy escape. The basic recipe: Take one mountain, add fresh powder and serve with a mug of hot cocoa. Overall Rank Resort Province / State 1 Whistler Blackcomb British Columbia 2 Palisades Tahoe California 3 Jackson Hole Mountain Resort Wyoming 4 Snowbird Ski Resort Utah 5 Mt. Bachelor Oregon 6 Aspen Snowmass Colorado 7 Mammoth Mountain Ski Area California 8 Winter Park Resort Colorado 9 Big Sky Resort Montana 10 Breckenridge Resort Colorado Full rankings and methodology available here. We then combined those results with data focused on categories of skiers to yield even more tailored lists, with families, ambitious experts or regional loyalists in mind.

Organizations: Whistler, Tahoe, Bachelor Oregon, Aspen Snowmass, Resort, Breckenridge Locations: Province, British Columbia, Tahoe California, Wyoming, Utah, Bachelor, Aspen Snowmass Colorado, Area, Colorado, American

☆ Carlsberg would rather lose its Russian business than negotiate a deal with Moscow, and it shows how hard it is for companies to exit the market
▼ + stars: | 2023-11-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

The CEO of Danish brewer Carlsberg says Moscow has "stolen" its business in Russia. Moscow seized Carlsberg's assets in July, weeks after the brewer announced it had found a buyer for its Russian business. Carlsberg said it's cutting ties with its Russian business as it can't find an acceptable solution to resolve the issue. AdvertisementAdvertisementDanish brewer Carlsberg operates eight breweries and employs more than 8,000 people through its Russian unit, Baltika Breweries. However, on July 16, Russia seized Baltika.

Persons: Carlsberg, Moscow, —, Jacob Aarup, Andersen, Dmitry Medvedev, Medvedev, they'd, Baltika, Carlsberg's Organizations: Service, Carlsberg, Baltika Breweries, Carlsberg Group, Financial Times, Russian, Unilever Locations: Moscow, Russia, Carlsberg, Ukraine, British

REUTERS/Andrew Kelly Acquire Licensing RightsMOSCOW, Nov 1 (Reuters) - Former Russian president Dmitry Medvedev sneered at the Danish brewer Carlsberg (CARLb.CO) on Wednesday for having thought it could quit Russia without penalty after the West sanctioned Moscow for its invasion of Ukraine. Carlsberg CEO Jacob Aarup-Andersen on Tuesday said Russia had stolen its business when President Vladimir Putin in July granted temporary control of its majority stake in the Russian brewer Baltika to the federal government. "Like their brethren in the Western menagerie, they abandoned everything in Russia for political reasons ..., refused to fulfil their obligations to Russian contractors. Carlsberg had eight breweries and about 8,400 employees in Russia, and took a 9.9 billion Danish crown ($1.4 billion) write-down on Baltika last year. ($1 = 7.0694 Danish crowns)Reporting by Reuters in Moscow and Alexander Marrow in LondonOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Dmitry Medvedev sneered, Jacob Aarup, Andersen, Vladimir Putin, Baltika, Carlsberg, Medvedev, they'd, Alexander Marrow Organizations: Carlsberg, REUTERS, Rights, West, Russia's Security, Reuters, Thomson Locations: Copenhagen, Denmark, Russian, Danish, Moscow, Ukraine, Russia, London

REUTERS/Alexander Demianchuk/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 31 (Reuters) - Carlsberg has cut all ties with its Russian business and refuses to enter a deal with Russia's government that would make its seizure of the assets look legitimate, the brewer's new CEO said on Tuesday. The Danish group had since last year attempted to sell its Baltika subsidiary in Russia, following in the footsteps of many other Western companies exiting Russia since its invasion of Ukraine. "There is no way around the fact that they have stolen our business in Russia, and we are not going to help them make that look legitimate," said Jacob Aarup-Andersen, who took over as CEO in September. Carlsberg had eight breweries and about 8,400 employees in Russia, and took a 9.9 billion Danish crown ($1.41 billion) write-down on Baltika last year. Earlier this month, Carlsberg retaliated by ending license agreements for its brands in Russia that have enabled Baltika to produce, market and sell all Carlsberg products in the country.

Persons: Alexander Demianchuk, Vladimir Putin, Jacob Aarup, Andersen, Aarup, We're, they're, Jacob Gronholt, Pedersen, Jan Harvey Organizations: REUTERS, Rights, Carlsberg, Thomson Locations: St . Petersburg, Rights COPENHAGEN, Danish, Russia, Ukraine, Russian

☆ Carlsberg says Moscow stole its Russian business
▼ + stars: | 2023-10-31 | by ( Mark Thompson | ) edition.cnn.com time to read: +2 min

Copenhagen — Carlsberg has cut all ties with its Russian business and refuses to enter a deal with Russia’s government that would make Moscow’s seizure of the assets look legitimate, the brewer’s new CEO said Tuesday. However, after Carlsberg announced in June that it had found a buyer for the business, Russian President Vladimir Putin ordered the temporary seizure of Carlsberg’s stake in the local brewer the following month. Carlsberg had eight breweries and about 8,400 employees in Russia, and took a 9.9 billion Danish crown ($1.41 billion) write-down on Baltika last year. Aarup-Andersen said that from the limited interactions with Baltika’s management and Russian authorities since July, Carlsberg had not been able to find any acceptable solution to the situation. Earlier this month, Carlsberg retaliated by ending license agreements for its brands in Russia that have enabled Baltika to produce, market and sell all Carlsberg products in the country.

Persons: Vladimir Putin, ”, Jacob Aarup, Andersen, Aarup, “ We’re, they’re Organizations: Carlsberg Locations: Copenhagen, Danish, Russia, Ukraine, Russian

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