AB InBev faces sobering sales November 12, 2009 THE world’s biggest brewer, Anheuser-Busch InBev, faces a sobering mix of falling sales and a falling thirst for beer in its major world markets. In a third quarter update yesterday, the recently-merged AB InBev, brewer of Stella Artois and Budweiser, said total beer volumes slumped 5.1 per cent to 106.6m hectolitres due to weakness in [...]
AB InBev sells nine breweries for $3bn October 15, 2009 BEVERAGES giant Anheuser-Busch InBev (AB InBev) sold nine Central European breweries to buyout house CVC in a deal worth as much as $3bn (£1.8bn) yesterday. The sale, under which CVC will get the rights to sell brands like Stella Artois, Becks and Hooegaarden in the region, is the third by the firm in recent months. [...]
C&C cider sales fall as volumes weaken October 8, 2009 DRINKS group C&C, the maker of Magners cider, yesterday posted a fall in first-half sales and operating profit and said volumes had dipped at the end of the period. C&C said cider volumes were flat for the six months to the end of August but had slowed in the last month of the half-year and [...]
AB InBev sells US attractions to Blackstone October 7, 2009 ANHEUSER-Busch InBev yesterday said it had agreed to sell its US theme parks to private equity group Blackstone for up to $2.7bn (£1.6bn), as it offloads non-core businesses to help pay for its merger. The world’s largest brewer, formed by InBev’s $52bn takeover last year of US rival Anheuser-Busch, has said it plans to raise [...]
Anheuser-Busch InBev fizzes on Stella boost from drinkers August 13, 2009 ANHEUSER-BUSCH InBev, the world’s largest brewer, yesterday beat analyst forecasts for its second-quarter profit, after sales of its key lager Stella Artois jumped. The brewer said the launch of the lower strength Stella Artois four per cent beer and a new sixties-style marketing campaign had won customers back with a near seven per cent rise [...]
AB Inbev to sell down in Europe June 14, 2009 The world’s largest brewer Anheuser-Busch InBev is considering divesting its central European operations involving 11 breweries in seven countries. AB InBev sold its South Korean subsidiary Oriental Brewery to private equity firm Kohlberg Kravis Roberts. last month for $1.8 bn, as part of a move to repay debt incurred in the $52bn purchase of Anheuser-Busch. [...]
New name for merged InBev July 24, 2008 Anheuser-Busch InBev, the newly formed company from a deal struck between the two of the world’s largest brewers 10 days ago, could be renamed AB InBev. At the start of last week, American brewer Anheuser-Busch agreed to be taken over by Stella Artois maker InBev, a deal worth £26bn and one that will create the [...]