US brewer Molson Coors has grown beyond expectation in the second quarter, with revenues rising despite a global downturn in the beer market.
Speculation is growing that an AB InBev purchase of rival brewers SABMiller could be imminent, shutting out rumoured moves by Diageo to make the acquisition.
“Big Beer” stocks have been enjoying an unprecedented surge in the first quarter of this year, with valuations rising between 20% and 30%.
Diageo and SABMiller are enjoying a rise in their stock ratings on the FTSE 100 amid rumours that the companies may merge.
The chairman of SABMiller’s joint venture partner in China has been “detained” as the country’s on-going crackdown on corruption continues.
A crackdown on drink driving in Colombia resulting in fines of $14,000 and jail sentences as long as 18 years have dented sales of the nation’s biggest brewer, SABMiller.
SABMiller is developing a range of flavoured beers to pull back the market from wine and spirits drinkers and head off competition.
SABMiller has announced plans to triple production at its brewery in Nigeria as part of a $110 million expansion plan.
Beer giant SABMiller’s Q3 results were pushed upwards thanks to growing sales in Africa, Asia and Latin America the group has announced.
Lager sales for Miller Brands UK, the UK subsidiary of SABMiller, have risen by 5% in the six months to 30 September 2013, driven by strong growth for the Pilsner Urquell brand.
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