AB InBev acquires London-based brewery

AB InBev acquires London-based brewery

AB InBev still has not satiated its acquisition appetite, even after the planned acquisition of SABMiller. It has now become the owner of a small London brewery, Camden Town, for an undisclosed fee.

Plans for a second brewery

London brewery Camden Town makes beers like Hells Lager and Gentleman's Wit with merely 95 employees and sold about 12 million pints. Compared to SABMiller, this is indeed a very small acquisition.

 

Camden Town Brewery, founded in 2010 by the owner of Hampstead's the Horseshoe pub, only had 3 employees back then, but its beers are now available in more than 1,000 locations, like Sweden, Japan and Australia.

 

A crowdfunding campaign helped rake in a lot of money last year and Camden Town Brewery has plans for a second brewery.

Questions or comments? Please feel free to contact the editors


Richemont wants to gain full control over Yoox Net-a-Porter

22/01/2018

Swiss luxury group Richemont proposed to obtain a majority stake in online retailer Yoox Net-a-Porter. The move is a way to implement its online strategy faster.

Decent profit for The Sting in fiscal year 2016

22/01/2018

Fashion chain The Sting generated a profit once more in 2016, after it had to deal with a more than 5 million euro loss in the year before. Affiliate brand Costes also generated a profit in its fiscal year 2016.

Lower turnover and new CEO for Geox

19/01/2018

Italian shoe brand Geox’ turnover dropped slightly in the past fiscal year. It also replaced former CEO Gregorio Borgo with Matteo Mascazzini, who came from Italian fashion brand Gucci.

Slower growth for Primark

18/01/2018

Irish fashion chain Primark has seen its first quarter turnover grow 7 % at level exchange rates and 9 % taking the fluctuations into account. Analysts however had expected faster growth.

Zalando's profit is slightly below expectations

17/01/2018

German fashion web shop Zalando has grown nearly a quarter in the past fiscal year and its company profit also nearly grew 5 %, although the latter was slightly below its own expectations.

Record turnover for Yoox Net-a-Porter in 2017

16/01/2018

Online retailer Yoox Net-a-Porter (YNAP) achieved a record turnover in 2017, surpassing two billion euro. That is a growth of more than 10 % compared to the year before, when it just missed that milestone.

Back to top