Charoen stocks up for Thai liquor war

Article Abstract:

Thai whiskey mogul Charoen Sirivadhanabhakdi has raised some $500 million in loans and bonds using his company's whiskey stocks as collateral. This unusual financing scheme, which was arranged by Merrill Lynch Phatra Securities, will permit Charoen's Sang Som Group to acquire interests in as many as 13 distilleries. It will also allow Charoen to fend off the challenge of new players in the liquor market from which the Sang Som Group derives 80% of its revenues.

Distilled and blended liquors, Distilleries, Beer & Ale, Bottled Whiskey, Finance, Thailand, Securities, Whiskey, Company Profile, Corporate bonds, Liquor industry, Charoen Sirivadhanabhakdi, Sang Som Group

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Local buyers spend big at Thai art sale; success at Christie's Auction defies country's mood of recession

Article Abstract:

Christie's Auction (Thailand) Co has defied recession by successfully selling antique collections at a debut auction held in Bangkok over the weekend of Aug 6, 1999. The firm's total sales was 39.8 million baht which were due to the willingness of Thai collectors to spend even in times of recession. The items included rare books, manuscripts and photographs that were gathered by Justin Schiller, a US antiquarian book dealer.

Miscellaneous retail stores, not elsewhere classified, Art Dealers, Auctioneers, Art Dealers, Statistics, Auction firms, Christie's Auction (Thailand) Co.

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As Japanese embrace foreign beverages, local retailers lower domestic prices

Article Abstract:

Domestic beer prices in Japan are going down. This is unprecedented since markdown on beer violate an unwritten law in Japan's industry. Japanese managers use cheaper imports and keep a list of private-brand items to squeeze prices. The seven-billion-liter beer market is drastically affected by this development. Small retailers are trying to keep up by cutting domestic beer prices.

Beer & Other Malt Beverages, Japan, Malt beverages, Prices and rates, Brewing industry, Breweries

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