Small breweries face falling profits

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Small breweries face falling profits

Sep 03, 2008
Staff and wire reports

HALF EMPTY: Tough times for Latvian breweries.

RIGA - Small Latvian breweries are struggling in the current economic climate and may require state help to survive, the head of the Latvian Beer Producers Association has said. In an interview with the Baltic News Service, Latvian Beer Producers Association executive director Peteris Linins said that many small breweries are losing their market share as the few large companies that currently dominate the market tighten their grip. “To retain a market share, novelties have to be introduced ...

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