February 3, 2013 |
Like many of you readers, I find a way to pass through the beer aisle just about every time I go to the supermarket. And over the years, I've seen lesser-known regional and imported brews take up an increasing amount of shelf space next to the Budweisers, Millers and Heinekens. So why is the Justice Department worried about a beer monopoly? The DOJ filed suit Thursday to block Anheuser-Busch InBev (maker of Budweiser, Beck's, Michelob and 43 other brands of beer) from buying Grupo Modelo (brewer of Corona, Modelo and six other brands )
February 1, 2013 |
The Justice Department says it's looking out for America's beer drinkers. Officials filed suit Thursday against Anheuser-Busch InBev, the maker of Budweiser, seeking to block its purchase of Mexican beer maker Grupo Modelo, arguing that retail prices of suds would rise if the $20.1-billion deal were finalized. Last summer, AB InBev, which had a 50% noncontrolling stake in Grupo Modelo, maker of Corona Extra, offered to buy the rest of the shares at a 30% premium and had expected the transaction to close early this year.
January 31, 2013 |
The Justice Department has filed an antitrust lawsuit against Anheuser-Busch InBev, the maker of Budweiser, to block its acquisition of Grupo Modelo, maker of Corona, officials announced Thursday. The department said the proposed $20.1-billion merger of the world's largest and third-largest beer makers would lead to an increase in retail prices to consumers. Anheuser-Busch InBev, based in Belgium, had a 50% non-controlling stake in Mexico-based Grupo Modelo before offering to buy the rest of the company last year.
January 17, 2012 |
Beer sales were lackluster in 2011, with the latest estimates showing U.S. shipments at their lowest levels since 2003 as major brewers such as Anheuser-Busch and Heineken USA experienced downturns. Worldwide, suds shipments were down 2.9 million barrels, or 1.4%, from 2010, according to the latest newsletter from trade publication Beer Marketer's Insights. Although the plunge in volume wasn't huge, the industry should take it seriously, the publication said. "Big brewers need to regain drinking occasions taken by spirits over the last decade, especially among Millennials," the group wrote in a recent blog post.
January 11, 2012 |
After years of gaining ground, the Silver Bullet has finally caught the King. Coors Light outsold Budweiser last year to become the nation's second-most-popular brew after Bud Light, according to estimates by an industry trade publication. Beer Marketer's Insights reported this week that Anheuser-Busch InBev sold 17.7 million barrels of its flagship lager in the U.S., less than the 18.2 million barrels that beer drinkers bought of Coors Light. It marks the first time in nearly two decades that Anheuser-Busch hasn't claimed the two top spots on sales charts.
November 26, 2011 |
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 at the St. Louis brewery and adjacent office building. Once the global headquarters of Anheuser-Busch, today it's the North American headquarters of Anheuser-Busch InBev. They still make big decisions in St. Louis, but now executives in New York City sometimes sign off on them too. This month marked the three-year anniversary since InBev took control of Anheuser-Busch in a $52-billion deal that rocked St. Louis, spreading justified fear of job losses and the anxiety that comes with losing control of a business widely considered a cultural institution.