Beer

Craft beer rivals take bite out of Lion profit

Lion – Beer, Spirits and Wine (NZ), New Zealand’s largest brewer, posted a 21% decline in full-year earnings as the industry adjusts to a market that’s seen a rise in craft beers and where people are choosing to drink less.

Pretax earnings fell to $55.6 million in the 12 months ended September…



Craft beer rivals take bite out of Lion profit