Beer and breweries by region

AB InBev rules out plans to buy Czech brewer Budejovicky Budvar, rival over Budweiser brand

The Canadian PressMay 16, 2013 20:00

PRAGUE - Brewing giant Anheuser-Busch InBev says it no longer has plans to acquire Czech brewer Budejovicky Budvar, with whom it has been fighting a long legal battle over the use of the "Budweiser" brand. Frank Hellwig, legal director for AB InBev, says "we don't have any plans, or intention, or desire to buy Budvar" as a way of solving the dispute. Hellwig said Thursday that such an acquisition, which it had considered in the past, doesn't make commercial sense since AB InBev is doing well registering its Budweiser brand in new countries despite the dispute.

Constellation Brands sees no change in beer pricing plan

Thomson ReutersMay 7, 2013 12:55

By Martinne Geller NEW YORK (Reuters) - Constellation Brands Inc <STZ.N> has not yet decided whether to raise prices on beers like Corona Extra and Modelo Especial later this year, but its chief financial officer said the pricing strategy should be no different than before despite the change in ownership. "We'll see what happens with market share and commodity costs and all that kind of stuff. But we don't really see a big change in the beer-pricing strategy from history," CFO Robert Ryder told Reuters on Friday.

Diageo turns to insider to replace CEO Walsh

Thomson ReutersMay 7, 2013 12:52

By Rosalba O'Brien LONDON (Reuters) - Diageo <DGE.L> reshuffled its management on Tuesday, with a company insider becoming the boss of the world's biggest spirits firm, suggesting there will be no significant change in strategy. Chief Operating Officer Ivan Menezes will replace Paul Walsh, who is stepping down after 13 years, the maker of Johnnie Walker whisky and Tanqueray gin said.

Molson Coors rooting for Canadian teams to defy odds in NHL hockey playoffs

The Canadian PressMay 7, 2013 12:31

MONTREAL - Molson Coors is rooting for Canada's NHL hockey teams to come from behind and go deep in the playoffs in order to spur beer consumption. "The longer the Canadian teams stay in the playoffs the happier we'll be," CEO Peter Swinburn said in an interview Tuesday after releasing disappointing first-quarter results. The NHL sponsor has already endured the ill effect on sales from the 113-day lockout that ended in January. An early end to the season for the Canadian teams could cap the challenging year.

Diageo, world's largest distiller, says Ivan Menezes to replace Paul Walsh as chief executive

The Canadian PressMay 7, 2013 10:00

LONDON - Diageo, the world's largest distiller, says Ivan Menezes will replace Paul Walsh as the new chief executive. London-based Diageo PLC, whose brands include Johnnie Walker, Smirnoff and Guinness, says the appointment will take effect in July. Walsh will retire from the company in June 2014. Until then, he will help the new CEO and focus on external relationships. Walsh has served for 13 years as head of the company. His tenure has included the purchase of a stake in United Spirits, the Indian drinks conglomerate.

Guinness maker Diageo appoints new chief executive

Agence France-PresseMay 7, 2013 03:45

Diageo, the world's biggest producer of alcoholic drinks, picked chief operating officer Ivan Menezes as its new chief executive on Tuesday, after Paul Walsh announced his retirement after almost 13 years at the helm. Menezes, 53, who has been chief operating officer since March 2012, will replace Walsh, 58, from the beginning of July, Diageo revealed in a statement. "Diageo has today announced that Ivan Menezes will be appointed chief executive of Diageo with effect from 1 July 2013," the British brewing giant said.

Anheuser-Busch InBev launches offer for 50 pct stake in Modelo

Agencia EFEMay 2, 2013 17:15

Mexico City, May 2 (EFE).- Anheuser-Busch InBev has launched a tender offer for the 50 percent stake it does not already own in Mexican brewer Grupo Modelo. In a filing with the Mexican stock exchange, Grupo Modelo said a wholly owned subsidiary of AB InBev offered to pay $20.1 billion, or $9.15 per share. The previously announced tender offer will expire on May 31 unless it is extended and "is not subject to any minimum tender condition or any financing condition," the filing said.

Beer giant AB Inbev reports rise in profit, decline in volume in first quarter

The Canadian PressApril 30, 2013 05:47

BRUSSELS - Anheuser-Busch InBev NV, the world's largest brewer, says that its profits rose in the first quarter in spite of falling sale volumes in important markets. The company behind Budweiser, Stella Artois, and Becks said Tuesday that even though revenues grew by 1.5 per cent in the first quarter, volumes declined by 4.1 per cent. Beer volumes in Brazil, one of its key markets, had declined by 8.2 per cent while there was a fall of 5 per cent in North America.

Beer-maker AB InBev posts quarterly sales fall

Agence France-PresseApril 30, 2013 05:01

The world's leading brewer, AB InBev, said Tuesday its first quarter net profit rose but sales disappointed after a weak performance in the US and Brazil. The company, famous for its Budweiser brand, said net profit rose 22.7 percent in the January to March period to $2.05 billion from $1.67 billion a year before. But first quarter sales fell 1.75 percent to $9.17 billion, weaker than the $9.64 billion forecast by analysts surveyed by Dow Jones Newswires. Sales in North America, a major market, fell by 5 percent, the company said.

Brewer SABMiller says boss treated for brain tumour

Agence France-PresseApril 23, 2013 04:47

Britain-based brewer SABMiller said on Tuesday that its chief executive Graham Mackay has had surgery for a brain tumour and would be replaced by the group's chief operating officer. "He underwent surgery yesterday, 22 April 2013, and will now embark on a course of treatment," the company said in a statement to the London Stock Exchange. "Accordingly, the board has accelerated the planned promotion of Chief Operating Officer Alan Clark to chief executive with immediate effect.