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By Daniel Woolfson2021-05-07T08:46:00+01:00 The boss of Carlsberg and Marston’s JV is feeling positive as San Miguel soars, its core pilsner brand recovers and plastic gets the chop. What’s next? Paul Davies is irrepressibly upbeat, in spite of the state of the world. As CEO of the newly formed Carlsberg Marston’s Brewing Company, he arguably has good reason. The past year has seen the once-ailing brewer transformed into a top player with a massive portfolio, reducing its reliance on one of the UK’s highest-grossing lagers. The £780m merger of Carlsberg’s brewing arm with that of fellow supplier Marston’s – a JV that Marston’s owns a 40% stake in – was widely heralded as a win for both businesses by investors. The combined CMBC has a portfolio that spans everything from posh lager to real ale, and the potential for greater leverage when negotiating with retailers. It’s a solid, consolidatory play in a time of uncertainty. ....
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