NYC Company Expected to Tap into Iron City Brewing
Almost two years after Iron City Brewing Co. left Pittsburgh, a New York City-based private equity firm is expected to announce plans to buy the beer brand as soon as today. (more…)
SABMiller Chief Mackay Foresees More Consolidation in Global Beer Industry
SABMiller Plc (SAB)’s Chief Executive Officer Graham Mackay predicts more consolidation in the global beer industry even as companies find it more difficult to extract value from purchases. (more…)
Heineken Submits Highest Bids for Ethiopian State-Owned Brewing Companies
.Heineken NV (HEIA), the world’s third- largest brewer, submitted the highest offer for an Ethiopian brewery being sold by the government and is the only bidder for a second one, the country’s privatization agency said. (more…)
August Busch IV to leave InBev board
August Busch IV’s tenure on the Anheuser-Busch InBev board of directors is about to end. (more…)
India. Budweiser to target smaller towns
The Indian joint venture of the world’s largest beer company Anheuser-Busch InBev, plans to push the iconic American beer brand Budweiser into smaller towns in its bid to grow in the Indian market that is dominated by strong brews. (more…)
AB InBev buying craft brewer Goose Island for $38.8 million
Looking to tap deeper into the fast-growing craft beer market, Anheuser-Busch said today it is buying Chicago-based brewer Goose Island. (more…)
Paulaner Brewery focusing on expansion
Brau Holding International (Paulaner Brewery), the strongest association of regional breweries and one of the largest brewery groups in Germany, has made some adjustments and adapted its structure, organization, and strategy to the market conditions. (more…)
Cobra beer posts inaugural profit
Cobra beer announced its first ever annual profit on Monday and said it will nearly double marketing spend this year to grow sales. (more…)
Why beer giants are scrambling for Nigerian market
It is doubtful if many local industry players knew for a long time that the beer market in Nigeria is a robust one. All that was apparent was the presence of two major players, Nigerian Breweries Plc and Guinness Nigeria Plc, and a number of fringe players doing business in the sector. (more…)
NETHERLANDS: Heineken increases maximum value of share repurchasing programme
Heineken N.V. on Monday announced that in connection with the acquisition of FEMSA Cerveza that was completed on 30 April 2010, it has increased the maximum value of the third phase of its existing share buyback programme from €150 million to €300 million. (more…)