SABMiller must pay extra A$582M for Foster’s

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SABMiller PLC will have to pay an extra A$582 million as part of its takeover of Foster’s Group Ltd. , after the Australian Taxation Office knocked back the planned structure of the deal. (more…)

3 years after InBev deal, a new Anheuser-Busch

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They wear jeans to work now. It no longer feels odd. They walk by flower beds that might not be tended as obsessively as in years past. Certainly fewer of them report to work each day on Pestalozzi Street, at the brewery and adjacent brick-and-glass rectangular office building. This was once the global headquarters of Anheuser-Busch. Today it’s the North American headquarters of Anheuser-Busch InBev. (more…)

Chinese Beer Drinkers Reject Heineken’s “Bitter Taste”

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In what should prove a cautionary tale for those hoping to ride the rise of China, Dutch beer giant Heineken International is in full retreat from its operations in the country, the world’s biggest beer market (the U.S., despite its Homer Simpson-esque reputation, is a distant second). (more…)