Anheuser-Busch Cos. can retain its minority ownership stake in one of Chicago's largest beer distributors, Illinois liquor regulators ruled Wednesday, allowing the beer maker to have some control over its sales. The decision comes in a long-running standoff between Busch and the Illinois Liquor Control Commission over the state's three-tier system of selling alcohol, in which separate companies make the product, ship it and sell it to consumers. (Chicago Tribune)
Pernod Ricard USA has announced a $100,000 contribution to the American Red Cross to fund donations of bottled water and other needed supplies for those affected by Hurricane Sandy. "We are focusing our immediate efforts to provide the best and most direct support to those affected by this devastating natural disaster,” said Bryan Fry, President and Chief Executive Officer, Pernod Ricard USA.
Anheuser-Busch InBev NV (ABI), the world’s biggest brewer, said volume fell for a second straight quarter as higher prices restrained demand in Brazil and sales contracted in a declining Russian market. Organic volume, which excludes the effect of acquisitions and disposals, dropped 0.3 percent, the Leuven, Belgium-based company said today, missing the median estimate of six analysts for a 2 percent increase. Sales of more expensive beers enabled the brewer to boost total revenue more than estimated. (Bloomberg BusinessWeek)
Alliance Beverage Distributing Company has been recognized with one of the industry's highest honors awarded by Diageo-Guinness USA at the Ninth Annual Golden Bar Awards event, held during the 2012 Diageo-Guinness National Distributors meeting, on October 11 in Dallas, Texas.
Carlsberg India Pvt. Ltd, the local unit of the Danish brewer that sells beer brands such as Tuborg and Carlsberg, said on Wednesday that it had acquired its sixth brewery in the country. The brewery is located in Dharuhera, Haryana, and the acquisition is a part of the company’s plans to expand in the Indian market. Additionally, the beer maker laid the cornerstone for a seventh brewery in Patna, the company said in a statement. (Live Mint)
COCA-COLA Amatil has inherited a beer and spirits business in Fiji and Samoa from Foster's that it plans to invest in to unlock the growth potential for the export of local beer and rum to new markets. John Murphy, Coca-Cola Amatil's managing director of licensed beverages and recently appointed chairman of Foster's Group Pacific, has written to shareholders in the South Pacific beer and spirits company saying the business outlook for 2013 would largely be determined by continued growth in the Fijian economy as well as further recovery in the global economy. (Sydney Morning Herald)