The European Commission has granted approval for a major beverage industry transaction in which CVC Capital Partners acquired the Central European branches of Belgium-based AB InBev, the world's leading beer manufacturer. The deal includes the group's Borsodi brand and brewery in NE Hungary.
Mexican brewer Grupo Modelo is continuing its U.S. arbitration case against partner Anheuser-Busch, a process that could come to an end early next year, daily El Universal said on Wednesday.
Modelo began arbitration against Budweiser maker Anheuser- Busch in October last year after the U.S. company was acquired by Inbev NV, a deal that created the world's largest beer brewer.
"Everything seems to suggest that the conclusion of this process will take place in early 2010," a business columnist in El Universal daily said, without naming sources. [...more]
The introduction of lower-strength variants of Stella Artois and Beck’s drove double-digit volume growth of both lager brands in the UK, according to third-quarter figures from Anheuser-Busch InBev, the world’s biggest brewer.
InBev UK reported a 3.7 per cent increase in volumes of its own beers in the third quarter, compared with a 1.9 per cent fall for the first nine months as a whole, as its three flagship brands — Stella, Beck’s and Budweiser — all grew by at least 10 per cent.
Anheuser-Busch InBev has reported better-than-expected profit figures for its third quarter, as cost cuts and price hikes helped offset declining sales of its Budweiser and Bud Light brands. For the quarter, net profit amounted to $1.55bn, beating estimates of $1.39bn. No comparisons were given, as it was still being merged at the same time last year. [...more]
A short introduction to the Drinks Industry's Professional & Social Network - InDrinks.
To join InDrinks you need to be a member of LinkedIn. You can join the group here: [...more]
A former top female executive at Anheuser-Busch InBev NV has sued the world's largest brewer for gender bias, accusing it of paying women less than men while maintaining a "frat party" atmosphere. [...more]
C&C Group rose the most since June in Dublin trading after agreeing to buy some AB-InBev assets, gaining control of Scotland's leading beer brand, Tennent's, and a wider network to sell Magners cider [...more]
Tecate, one of Mexico's most popular beers, and a leading Mexican export for more than 60 years, has enhanced its image and dramatically increased demand by offering its 'cerveza' in aluminum bottles produced by CCL Container, in addition to glass bottles. [...more]
Monster Energy and DUB, a marketing and promotions company that publishes a custom car culture magazine, have together developed a drink that will hit stores in early September in new packaging that includes a tire rim logo design and a resealable oil can-style cap. [...more]
Anheuser-Busch InBev, the world’s largest brewer, has received only one bid for its central and eastern European operations from CVC Capital Partners, the private equity group, throwing the auction into doubt. [...more]
Mexican brewer Grupo Modelo reported a 47 percent decline in second-quarter net profit on Wednesday, hit by the cancellation of some derivative positions that more than offset an increase in sales. [...more]
Brazil’s antitrust regulator has slapped Brazilian brewer AmBev - Latin America’s biggest brewer and a key division of Anheuser-Busch InBev - with a record $186 million fine for anti-competitive practices that limited rivals’ access to markets.