“The beer market has never been as interesting as it is now”, AB InBev’s sales director off-trade Benoit Bronckart said. There is a positive vibe in the beer industry and the brewer has embraced diversity more than ever.
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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.
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Belgian-Brazilian brewery AB InBev will invest 2 billion dollars (1.8 billion euro) into its American breweries over the next few years. 500 million dollars will already be invested this year.
AB InBev’s alcohol-free beer, Jupiler 0,0 %, is a resounding success, surpassing its predecessor’s annual volume by the end of the month. Despite this positive note, the overall beer market is not great shape.
Belgian-Brazilian beer brewer AB InBev has managed to beat analysts’ expectations with its first quarter results, but just barely. Despite a higher turnover, its sales volume failed to reach last year’s numbers.
AB InBev has had a disappointing fiscal year 2016, even so much so that the beer giant will cancel bonusses for its management team. For the seventh time in a row, both its turnover and operational income were below analysts’ expectations.
The main stories in the Benelux retail sector were financial results for Ahold Delhaize and Carrefour. Moreover, Hema has decided to apply its international format in its Dutch home market as well, and AB InBev has signed a deal with the world's largest beer terminal.
Katoen Natie has prolonged its contract to ship AB InBev's beers through the port of Antwerp for five years. In two years' time, the world's largest beer terminal should double to four billion bottles of beer per year.
What happened this week in retail in the Benelux? Wehkamp closed its Belgian webshop, AB InBev is using Uber to deliver beer to customers, Jumbo achieves a 7 % turnover growth and Media Markt takes over Makro's electronics department. And much more.
AB InBev struck a deal with Japanese Asahi Group to sell its Central and Eastern European SABMiller activities for 7.3 billion euro.
AB InBev will create its very own chain of pubs, focused on its American craft beer Goose Island. The first one will open its doors later this year in London and Belgium will follow suit next year.
Belgium-based brewer AB InBev has decided to reduce investments in its wheat beer Hoegaarden, because the beer is no longer a European priority. The money will go to other beers, like Hoegaarden's radler varieties.
AB InBev's third quarter's normalized EBITDA dropped 2 % to 4.4 billion dollars (4 billion euro), mainly because of weak Brazilian results. The company has immediately moved to change its full-year forecast downward.
In this year's list of 100 best-performing CEO's in the world, compiled by Harvard Business Review, there are four Belgians, but no Dutch CEO's at all. Among them two retailers, as Heineken and Colruyt are led by Belgians.
Soda manufacturer Coca-Cola halted its collaboration with AB InBev in Africa. The Belgian brewer owns more than half of Coca-Cola Beverages Africa and manufacturers and distributes Coca-Cola's sodas in Africa.
Heineken and AB InBev disagree on the sale of their Latin American beers. Dutch Heineken says Tecate is about to surpass Corona and become the market leader, but AB InBev disagrees.