Big Businesses wait months to pay UK suppliers

United Kingdom | Major companies with a presence in Britain, including brewer AB-InBev and the bottler Coca-Cola Europacific Partners, are taking well over 100 days to pay back their suppliers, according to the latest report on invoice payments by Good Business Pays, a think tank, released in March.

Russia | Russia's Baltika is suing four Carlsberg subsidiaries for damages amounting to DKK 6.24 billion (USD 902 million), it was reported on 1 April (despite the date, this is no joke).

AB-InBev-Efes’ top management defects to ex-Heineken unit

Russia | After the sudden resignation of its CEO, Russia’s leading brewer AB-InBev-Efes has appointed Olga Oryol to succeed Oraz Durdyyew, according to Russian news agency Interfax on 22 March.

Belgium | Production at the Duvel Moortgat brewery in Puurs-Sint-Amands (Antwerp) only restarted on 7 March, after a ransomware attack three days previously had halted production at its several breweries in Belgium and the United States. The cyber attack is under investigation by the Antwerp public prosecutor's office.

The merger of two Luxembourg distributors seems to worry AB-InBev

Luxembourg | The drinks distributor Munhowen recently acquired another distributor, the family firm Heintz for some EUR 12 million to 15 million. However, the merger is now subject to scrutiny by the European Commission. The European executive must determine whether the merger restricts competition in the market.

Dublin City traffic plan not so good for Guinness

Ireland | Guinness brewer Diageo urged Dublin City Council not to block its “historic” route to Dublin Port by removing its lorries from the north and south quays. Presently, Guinness’s lorries with its iconic stout for export cross the city along the quays of the river Liffey, if they want to reach the port (in the east of Dublin) from St James’s Gate brewery.

Diageo’s mulls sale of iconic Wimbledon drink Pimm’s

United Kingdom | Drinks firm Diageo is reportedly exploring the sale of a trio of non-core brands including Pimm’s. According to Sky News, the company has hired bankers at Rothschild to explore whether to sell Pimm’s. The red tipple was acquired in 1997, when Grand Metropolitan and Guinness merged to become Diageo.

Greenwich’s Meantime brewery closes as production moves to west London

United Kingdom | As part of Asahi’s consolidation plan, production of Meantime beers, together with Dark Star ales, will be shifted to the Fuller’s Griffin Brewery in Chiswick, Asahi said on 6 March.

Belgium | AB-InBev’s Full Year 2023 results beat sales estimates. It raised its annual dividend by 9 percent on 29 February, but its shares slipped as investors digested the news of poor US sales, the impact of hyperinflation in Argentina and the absence of another share buy-back, Reuters said on 28 February.

Europe | Talking about political risks: In January, China began an anti-dumping investigation into all brandy imported from the European Union. The measure is effectively targeted at cognac, which is by far the biggest-selling imported spirit in China because of its luxury appeal.