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AB InBev targets 4% to 8% medium-term growth
The new chief executive of AB InBev has set a core profit growth target of 4% to 8% for the medium-term.
AB Inbev draws down $9bn loan facility as coronavirus pandemic sweeps the world
AB Inbev has drawn down the entirety of a $9bn loan facility from global banks as it bids to ride out the coronavirus outbreak.
SAB to open $40m brewery in Namibia
SABMiller is to invest US$40 million in a new 260,000 hectolitre brewery in Namibia as part of its strategy to expand its operations across Africa.
SAB Miller announces staff shake-up
SAB Miller has announced a number of directorate and senior management changes that will become effective from the company’s annual general meeting on July 26, 2012.
SAB Miller reports solid growth
SABMiller plc has announced group revenue grew by 7% and group revenue per hectolitre was up 4% for the year to March 31, 2012.
SAB completes strategic alliance with Anadolu
Turkey: SAB Miller, Anadolu Group and Anadolu Efes have completed the transfer of SAB Miller's Russian and Ukrainian beer businesses in the context of their strategic alliance for Turkey, Russia, the CIS, Central Asia and the Middle East, which was originally announced on October 19, 2011.
Australia: SAB Miller loses Corona Extra
SAB Miller's Australian subsidiary, Foster's Group will no longer be allowed to import and distribute Mexican beer Corona Extra. Foster's has been informed by Corona's parent company Grupo Modelo that it intends to terminate Foster's licence to import and distribute Corona Extra in Australia with immediate effect. The brand's distribution will go to Lion Nathan.
SAB Miller chief brewer retires
SAB Miller’s group chief brewer is to retire. Professor Barry Axcell will step down at the end of July 2012.
Diageo buys SAB's stake in Kenya Breweries
Diageo subsidiary East African Breweries (EAB) has purchased all of SAB Miller’s 20% shareholding in Kenya Breweries (KB). The transaction is worth US$225 million. The deal is subject to EAB disposing of its 20% shareholding in Tanzania Breweries – by way of public offer through the Dar-es-Salaam Stock Exchange.
SAB Miller appoints deputy CFO
SABMiller has announced the appointment of James (Jamie) Wilson as deputy chief financial officer.
Budvar bucks Czech beer decline
Czech beer Budvar bucked a 12% decline in Czech beer exports in 2010 to record growth of 4%.
Scotland: Minimum pricing rejected
The trade has welcomed the Scottish Parliament’s decision to reject minimum pricing. This was the final time in which MSPs could vote to decisively keep minimum pricing out of the Alcohol Bill. The Scotch Whisky Association (SWA) has consistently argued that minimum pricing would be illegal and ineffective in addressing misuse, whilst significantly damaging one of Scotland’s key industries.
SAB Miller launches campaign to help parents
Global brewer SAB Miller has launched a web-based campaign to help parents discuss alcohol with their children.
