Gustavo Ballvé on August 2nd, 2011
Banks, Corporate Strategy, Food for thought, Food, beverage and tobacco, Industries, Investment Themes, Portfolio Management, Signal or Noise

Japanese food and beer company Kirin bought 50.45% of Brazilian beer maker Schincariol for US$ 2.6 billion (links: Dealbook, Financial Times and press release – which includes financial data summaries for “Schin”). We were reminded of a post we wrote in October 2009 in which we made three general comments on global beverages. Here’s comment #2: “It doesn’t make sense to think about beer/soft drinks without thinking about FMCG companies – especially food companies”.

The theme of developed-world companies seeking the growth of Latin America and Asia was also clear in HSBC’s announcement yesterday that it would fire some 30,000 employees in Europe and the US and hire about 15,000 in LatAm and Asia in the next 3 years. We hope managers are keeping this in mind: “what price growth”?

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