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Sanford Bernstein analyst Trevor Stirling warns not to place too much emphasis on the rosy...

Sanford Bernstein analyst Trevor Stirling warns not to place too much emphasis on the rosy forecasts of global brewers that think they can move into emerging markets and transform billions into beer drinkers. Regulation, taxes, and labor requirements stand in the way, as does firmly engrained religious dogma. "You have a reasonably high proportion of a Muslim population who won’t drink alcohol...Also, if you’re a devout Hindu, you won’t drink alcohol."
Comments (1)
  • fatdaz
    , contributor
    Comments (15) | Send Message
     
    Lots of thirsty Chinese out there too of course and in Nigeria ( 50% Muslim ) Diageo sell an alcohol free malt drink which actually out sells Guinness there I am told so its a question of tailoring products to suit market as well
    2 Mar 2012, 11:08 AM Reply Like
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