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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]