EU fines AB InBev US$224m over higher beer prices in Belgium

EU – The European Union has fined AB InBev, the world’s largest brewer US$224 million (€200.4 million) for breaching EU antitrust rules by restricting cross-border beer sales. The maker of Budweiser and Corona has been indicted for abusing its dominance in the Belgian beer market by hindering cheaper imports of its Jupiler beer from the…

AB InBev’s Asia business files for Hong Kong IPO valued at US$5b

ASIA – World’s largest brewer, AB InBev has filed for Hong Kong initial public offering (IPO) of its business in Asia Pacific, in a deal which could be worth US$5 billion. According to a Reuters report, AB InBev is considering listing a minority stake in its Asian operations to create a separate business. The move…

AB InBev Q1 revenues grow 5.9% with double digit volume growth in Brazil

EUROPE – Anheuser-Busch InBev (AB InBev), world’s leading beer producer has reported strong performance, having registered 5.9% growth in revenues to US$12.59 billion during the first quarter. The period was strongly supported by Brazil, which registered double digit volume growth in both beer and non-beer businesses. EBITDA increased by 8.2% to US$4.99 billion boosted by…

AB InBev’s ZX Ventures to expand low-alcohol craft beer offering in China

CHINA – ZX Ventures, global incubator and venture capital arm of AB InBev has unveiled intentions to expand its low-alcohol craft beer portfolio in China to capitalize on the country’s growing beer market. According to a FoodBev report, the innovation incubator launched in 2015 aims to explore the low- and no-alcohol craft beer category in…

AB InBev expands Bud Light range with new Lemon Tea lager

USA – AB InBev has launched new lemon flavoured Bud Light lager brewed with citrus real citrus peels and aged over black tea leaves to give the beer a distinct flavour profile. The limited-release lager will be available across the US from 29 April to September. The light lager complements the existing Bud Light Lime…

Fuel costs, VAT hikes impact AB InBev’s South Africa business

SOUTH AFRICA – World’s leading brewer, Anheuser-Busch InBev (AB InBev), said that its South Africa’s business posted weaker performance in its 2018 financial year on account of rising fuel costs and the value-added-tax (VAT) hike in the country. According to a report by Business Report, the multinational brewer said the macroeconomic and consumer environment in…

AB InBev UK rebrands to Budweiser Brewing Group UK&I in a transformation move

UK - Anheuser-Busch InBev, one of the world’s leading brewing companies has rebranded to Budweiser Brewing Group UK&I in the UK as part of its continued strategy to transform its businesses across the world. Alongside a new name, the company has announced Paula Lindenberg as its new President who will lead the group’s operations in…

Ecommerce firm Thirstie raises US$7m, partners with AB InBev-backed Drinkworks

USA – US based ecommerce company, Thirstie has raised US$7 million in Series A funding and has partnered AB InBev-backed Drinkworks to boost alcohol delivery and logistics. The company said the funds will be used in revamping its product portfolio, rolling out a new data sharing platform, and enhancements that will enable alcohol brands to…

EAZ backs Zambian Breweries Plc fight against unregulated alcohol

ZAMBIA – The Economics Association of Zambia (EAZ) has backed Zambian Breweries Plc efforts to stop illicit unregulated alcohol that is denying the nation more than US$100 million in unpaid annual taxes and duties. Unregulated and illicit alcohol in the country has had far reaching effects contributing to loss of revenue and moral degradation especially…

AB InBev’s Accra Brewery Limited appoints Shaun Raposo as new country director

GHANA – Accra Brewery Limited (ABL), a subsidiary of multinational brewer Anheuser-Busch(AB) InBev, announced the appointment of Mr Shaun Raposo to the position of Country Director of the company. Mr Shuan Raposo replaces Philip Redman, who has been serving in the position since is appointment in March, 2017. In a statement issued by Ms. Adwoa…