Fears are growing for the future of nearly 600 jobs at SABMiller after brewing giant AB InBev confirmed its takeover of the brewer would “significantly impact” its existing UK locations.
The takeover of SABMiller by AB InBev is expected to be completed on October 10 after a new valuation of the business was agreed following the drop in the pound.
AB InBev UK has responded to the call for calorie labelling on alcohol by pledging to provide full ingredient and nutritional information on all of its beers.
Scottish craft brewer BrewDog has pulled Camden Town Brewery’s beers from its bars, after the north London craft brewer was acquired by global beer giant AB InBev.
AB InBev could struggle to find a European buyer for its Grolsch and Peroni brands as it looks set to offload the North American rights to Molson Coors for a “cheap” $12bn (£8bn), according to a business expert.
The £71BN takeover of SABMiller by AB InBev is likely to result in further consolidation among the remaining brewers, a leading expert on large-scale mergers has claimed.
Brewer Anheuser-Busch InBev’s declining volume sales prove how much it needs its planned merger with SABMiller to achieve growth, according a leading business professor.
Nim’s Fruit Crisps’ new £350,000 Kent factory investment and SABMiller’s agreement “in principle” to a takeover bid from rival Anheuser-Busch (AB) InBev feature in our latest Good News, Bad news video roundup.
The birth of a new global mega brewer moved a step closer today, as SABMiller revealed it had accepted “in principle” a higher takeover bid from rival Anheuser-Busch InBev, which valued the business at £44 a share.
The creation of a global mega-brewing giant worth around $275bn could be on the cards following news last month that Anheuser-Busch (AB) InBev was planning to make a bid for rival SABMiller in a deal potentially costing $130bn.
