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Europe/Russia
A heady sum. It’s finally been revealed what SABMiller paid for the London craft brewer Meantime last year. According to SABMiller’s annual report 2016, published on 20 June 2016, the company spent USD 191 million on the Meantime business and its assets. When the acquisition was announced in May 2015, both companies declined to disclose financial details. Guesses ranged between GBP 20 and 40 million (USD 61 million) for a 100,000 hl beer business (2015).
Europe/Russia
It’s an indication that competition among craft brewers is heating up if they start bickering over words and take each other to court. Redwell Brewery, a microbrewer from Norwich, has agreed to stop producing its Hells Lager in an out-of-court agreement after another craft brewer, Camden Town, which already had a beer with the same name, threatened it with legal action.
Europe/Russia
They seem to have friends in high places (up in Scotland, that is). Probably following recommendations from northern power brokers, the two founders of Scottish craft brewer BrewDog have been awarded MBEs in the Queen’s Birthday Honours list.
Europe/Russia
Whose side is Diageo on: Britain’s or Scotland’s? Well, that’s the question which had the Sunday Times newspaper spewing bile on 5 June 2016. With the vote on Brexit coming up on 23 June 2016 and the campaign turning more and more unsavoury, both sides in the debate are lining up their supporters.
Europe/Russia
The festival season is upon us. This means overflowing porta-loos, four people in a small tent, and queuing for hours to buy a soggy burger. Music festivals in northern Europe are only for the hardy and the dedicated who don’t mind paying the equivalent of USD 10 for a deodorant stick. That’s why organisers advise punters to take with them reusable water bottles, sunscreen, toilet paper, wet wipes and condoms.
Europe/Russia
Clever marketing. London’s craft brewer Meantime has partnered with various designers and craftsmen in six UK cities over a six-month period in a bid to grow its presence outside the UK’s capital.
Europe/Russia
The billion dollar question: will AB-InBev pass all regulatory hurdles before 12 August 2016 when SABMiller is scheduled to pay out its final dividend of GBP 0.65 a share totalling roughly USD 1.5 billion? That is on top of the GBP 44 a share AB-InBev is paying SABMiller’s shareholders. If the deal is completed earlier, AB-InBev will pocket the dividend. If not, SABMiller’s present shareholders will.
Europe/Russia
Thielmann Container Systems has acquired the assets of WEW on 2nd of May 2016 and will continue operations under WEW Container Systems GmbH.
Europe/Russia
The European Union is the first major regulator to approve of AB-InBev’s USD 100 billion plus acquisition of rival SABMiller, on the condition that the brewer shed nearly all of SABMiller’s European assets.
Europe/Russia
The ongoing USD 100 billion plus takeover of SABMiller by rival AB-InBev has so far cost the London-listed beer giant GBP 111 million (USD 160 million) in banking and legal fees, as well as pay-outs to retain important members of staff. This was disclosed on 18 May 2016, when SABMiller reported full year results.
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BRAUWELT on tour
Most Read
BRAUWELT on tour
