Abstract
In this chapter, the importance of beer in a country like Denmark is introduced as are current market conditions on the international beer market. I also mention how Carlsberg was a one-man business later run by a foundation until it merged with Tuborg Ltd. in 1870, thus changing ownership conditions from foundation ownership to a shareholder company.
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Notes
- 1.
Today, the Carlsberg Foundation owns around 30% of the capital with a voting influence of around 76%.
- 2.
Financial Times (23 July 2004).
- 3.
On the brewery’s involvement in the series, see Overländer Jensen (2013), pp. 133 ff.
- 4.
It is an exciting story in itself about, inter alia, the foundation as initiator of Niels Bohr’s research in nuclear physics or about its support for spectacular archeological excavations in Denmark, the Middle East, and elsewhere, for scientific expeditions and publication of major works on Denmark’s churches or of hard to access sources in the country’s ancient history. Or it may be the history of the foundation’s financing of major projects such as the Danish cultural institutes in Rome and Athens or individual scholars with their own exciting projects within the natural sciences, the humanities, and the social sciences.
- 5.
Letter to Carl, 5 Feb. 1869.
- 6.
For the period in which J.C. Jacobsen and his son Carl ran separate businesses.
- 7.
“It’s probably the best ownership form in the world”, says an expert, Professor Steen Thomsen from the Copenhagen Business School, Finans (22 Dec. 2015).
- 8.
The Carlsberg Foundation once owned the whole of Carlsberg. That is not the case anymore. The firm itself—the brewery Carlsberg A/S—is today a corporation, but the foundation still exists and owns approximately 30.3% of the share capital. Due to the fact that shares may have different voting power, the Carlsberg Foundation still has controlling influence in the brewery.
- 9.
Today (2017) after the two giants on the beer market, A(nheuser-)B(usch) InBev (20.8%) and SABMiller (9.7%), merged in 2016, these breweries account for approximately 30% of global production. In second place is Heineken with approximately 9%, and in third place is Carlsberg with approximately 6.1% followed closely by China Resources Enterprise Ltd. with 6%.
- 10.
References
Jensen, Jørgen Oberländer (2013). 35 år og en sjat på Carlsberg. Erindringer fra et hus med øller i. Odense: Historia Forlag.
Johansen, H.C., & Monrad Møller, A. (2005). Fonde som fundament for dansk industri. SDU Press
Lund, A.B., & Berg, E. (2016). Dansk fondshistorie. Copenhagen: Jurist- og Økonomforbundets Forlag.
Thomsen, S. (2017). The danish industrial foundations. Copenhagen: Jurist- og Økonomforbundets Forlag.
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Tamm, D. (2020). Introduction. In: The Carlsberg Story. Springer, Cham. https://doi.org/10.1007/978-3-030-52670-2_1
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DOI: https://doi.org/10.1007/978-3-030-52670-2_1
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