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The Americas
It could have been worse. Mexican brewer Grupo Modelo reported on 18 February 2011 that its net sales for the full year ended 31 December 2010 rose 3.9 percent to MXN 85 billion (EUR 5.1 billion; USD 7.0 billion), thanks to an increase of 4.0 percent in domestic sales. However, operating income dropped 0.2 percent to MXN 21.6 billion (EUR 1.3 billion; USD 1.7 billion) because of higher costs.
The Americas
The World Brewing Academy partnership (WBA) of the Siebel Institute of Technology and the Doemens Academy are adding several of their advanced-level brewing courses to their web-based training offerings.
The Americas
PepsiCo, Coke’s arch-rival reported on 10 February 2011 that last year net revenue grew 34 percent, while net income rose 6 percent.
The Americas
“Why should I care about the rubbish I said yesterday?” Germany’s first post-war Chancellor Konrad Adenauer allegedly retorted when asked why he had done a U-turn on certain policies.
The Americas
What have we been saying for months? That SABMiller is a likely takeover target. Coincidentally, the beverage economist Germain Hansmaennel and I discussed this possibility in our presentation at Rüdiger Ruoss’ Bündner Runde, a German beverage industry summit in Davos (report out next week in this newsletter), while two days later, on 2 February 2011, over in New York, analysts at Credit Suisse threw the idea into the open that AB-InBev could merge with SABMiller.
The Americas
Having divested its non-tobacco and international segments, Altria now operates primarily in the challenging U.S. tobacco industry.
The Americas
Carlos Laboy, in a November 2010 note on Molson Coors, wrote that Molson and Coors Brewing’s first major response to industry consolidation pressure was to merge in 2005. The cost reduction programme of 2005 served both companies well. In 2007, with the looming threat of AB-InBev’s formation, the companies merged their U.S. Coors business with SABMiller’s U.S. unit.
The Americas
Mr Patiño has held leading technical roles in the areas of Quality Assurance, Research & Development, Technical Services and Brewing Engineering at Molson Coors Brewing Co. (Colorado) and Cervecería Cuauhtemoc (Mexico).
The Americas
Frank Abenante, the company’s global Vice President of Brands and Insights, will lead the marketing function in the U.S. until a permanent replacement is found for Mr Levy. Mr Abenante, though a marketing veteran, is new to beer. It was reported that he joined the pre-merger InBev in 2007, previously working for Unilever and E&J Gallo Winery. He is currently based in New York.
The Americas
Damn those Brits and their sarcasm. What did the Sunday Times call Mr Busch? “Unlucky in love”. If he’s unlucky, what about the women he has been courting? Most unfortunate?
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BRAUWELT on tour
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BRAUWELT on tour
