Bud Light shopping for new ad agency: report
The biggest spending brand in U.S. beer has put its advertising account up for review as Bud Light is soliciting ideas from half a dozen different agencies, Advertising Age reports. (more…)
US. Craft Pricing Strengthens in August
Craft beer pricing strengthened in the latest 4-week period compared to the July numbers. For July pricing gains were at a level of 14 cents per case. Pricing growth for the early August period nearly tripled to 42 cents per case compared to this time last year. All beer prici (more…)
Ethiopia: Tender for Meta Abo brewery attracts many bidders
The tender for Ethiopia’s Meta Abo brewery reportedly attracts many bidders. (more…)
Foster’s May Use Buyback to Fend Off SABMiller
Chief Executive Officer John Pollaers, three months into the role, may tomorrow announce plans for share buybacks to blunt the appeal of SABMiller Plc (SAB)’s hostile takeover bid as profit drops. (more…)
UK. Worthington’s new head brewer announced
Molson Coors has announced that Jim Appelbee will succeed Steve Wellington as William Worthington’s head brewer. (more…)
US. St. Louis Brewery outsourcing Schlafly to Iowa brewer
St. Louis Brewery soon will be brewing its Schlafly beer at facilities in Tennessee and Iowa to help keep up with soaring demand. (more…)
SABMiller’s Fosters bid loan totals $12.5 billion
Global brewer SABMiller is raising a $12.5 billion syndicated loan to back its hostile bid for Fosters , banking sources said on Thursday. (more…)
Asahi buys NZ firm for $1.3 bln in pre-mixed drinks push
* To buy 100 pct of Independent Liquor from private equity firms
* Asahi aims to hike overseas sales to 2-2.5 trln yen by 2015
* Japanese companies compete with foreign firms for deals
* Asahi president indicates more overseas deals likely
* Asahi shares rise 1.7 pct in broader market down 1.3 pct (Adds details) (more…)
Poland. Beer exports flow into German, Czech markets
“We brewed the beer that the Czech, the Hungarian, the German and the Slovak drink,” headlines Dziennik Gazeta Prawna writing that 2010 was a record year for Polish breweries. (more…)
China. SABMiller Joint Venture In Pact To Invest In Guizhou Moutai Beer
SABMiller PLC (SAB.LN), the brewer, Thursday announced that China Resources Snow Breweries Limited, or CR Snow, its joint venture with China Resources Enterprise, has entered into an agreement with China Kweichow Moutai Distillery Co. (more…)