AB InBev acquires stake in RateBeer.com

AB InBev acquires stake in RateBeer.com

The famous beer platform RateBeer.com, which publishes annual lists of the best beers and breweries, is now partly owned by AB InBev. This does not sit well with a number of smaller companies.

Deal raises eyebrows

The world’s largest beer brewer bought a minority stake in RateBeer.com through its investment firm ZX Ventures after an alleged eight months of negotiations. Apparently, the transaction took place last October, but remained under wraps until now. It is not clear how much AB InBev paid for the deal.

 

When the news was revealed on several American news sites several days ago, plenty of people raised their eyebrows. Particularly smaller breweries, which may own their fame to the popular website’s ratings, were not very pleased.

 

CEO Joe Tucker quickly responded to clarify why he chose ZX Ventures. “Their comfort with technology, existing tech resources, beer loving culture, enthusiasm and respect for the community, an understanding of varied beer cultures globally, the stability of their company and dedication to preserving our independence made ZX the very best fit”, he wrote. “I know this is surprising to many out there, but I’m confident I made the best possible decision.”

 

Not everyone agrees: the website’s members have asked critical questions about the Belgian-Brazilian brewer’s influence and several smaller breweries have already asked RateBeer.com to remove their beers from the site. According to business paper De Tijd, Brussels-based beer brewer Cantillon also asked the site to do that.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Italian Food-focused theme park opens in Bologna

16/11/2017

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

CEO Bernard Deryckere will leave Alpro

16/11/2017

Bernard Deryckere, who was the man behind Belgian dairy company Alpro’s international success, will leave the company after sixteen years. Apparently, he will leave because of differences of opinion with its new owner, Danone.

Ahold USA trials robot in Giant Food Store

15/11/2017

Ahold USA is currently trialing a robot in a Giant Food Store. Its job is to detect dangers and then ask for assistance. He can also point out empty shelves and check prices.

India is promised land for Belgian apples and pears

14/11/2017

India is turning into the promised land for Belgian fruit farmers. It is already Belgian apples’ most important non-European market and Belgian pears are also promoted throughout the country.

Back to top