Global beer giant SABMiller has posted a half-year rise in revenues for the six months to September coupled with an overall volume sales decline.
Brewer SABMiller is looking to apply to its beer range a similar marketing strategy as coffee in the hope of shaking off the “guys watching sport” image.
AB InBev is preparing to secure funds of up to £75 billion (US$122bn) to buy rival UK brewer SABMiller, according to reports by the Wall Street Journal.
Heineken has rejected a takeover bid from brewer SABMiller, saying that it is “non-actionable”, after months of speculation within the industry.
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.
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