Latest news with #ABInBev
Yahoo
8 hours ago
- Business
- Yahoo
Russia again rejects Anadolu Efes proposal to buy out AB InBev from JV
Russian authorities have again declined Anadolu Efes' proposal to buy Anheuser-Busch InBev's (AB InBev) stake in their joint venture (JV). In a filing on Turkey's Central Securities Depository, Anadolu Efes said, 'pursuant to the notification made by the Russian regulatory authorities and considering the developments during the period, the relevant application has been rejected'. 'We are reviewing next steps with AB InBev,' it added. AB InBev and Anadolu Efes established AB InBev Efes in 2018. The JV combines both their Russian and Ukrainian businesses. The venture operates 11 breweries in Russia, producing beers under brands such as Klinskoe and Efes Pilsen. Following Russia's invasion of Ukraine, the Belgium-based brewer announced in April 2022 its intention to divest its stake in the joint venture and began negotiations with Anadolu Efes. In December 2023, AB InBev, known for Leffe, confirmed it would sell its 50% stake in the Russian joint venture to Anadolu Efes. However, Russian authorities blocked the transaction in August of the following year. Two months later, AB InBev and Anadolu Efes finalised a new agreement for the sale of its share in the Russian operations of their joint venture. In exchange, the Belgian brewer planned to acquire Anadolu Efes's stake in the Ukrainian side of the partnership. Moscow assumed control of the Russian segment of the joint venture in January. The Russian government transferred the local assets of AB InBev Efes to a group of companies called Vmeste under "temporary management", according to statements from both brewers at the time. In its first-quarter results for 2025, Anadolu Efes excluded its Russian beer operations from consolidated financials, classifying them as a 'financial investment' due to temporary external management. Announcing the results in May, Anadolu Efes CEO Onur Altürk said: 'Until we gain more clarity on the situation, the Russian operations will no longer be consolidated in our profit and loss statements. 'Our primary focus in Russia remains on navigating the current landscape with resilience, prioritising business continuity, and actively working to minimise potential disruptions.' While not audited or aligned with group results, key metrics were shared for context. The group's beer volumes in Russia rose 7.7% to 6.3 million hectolitres in the first quarter period, but net sales slipped 0.8% to Tl13.72bn ($345.7m) and gross profit dipped 1.2% to Tl5.91bn. EBITDA (BNRI) margin for the region fell 8% to Tl1.96bn, while EBIT (BNRI) jumped 68.4% to Tl2.46bn. Net income dropped by 78.9% to Tl389.9m. "Russia again rejects Anadolu Efes proposal to buy out AB InBev from JV " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
The Sun
11-06-2025
- Entertainment
- The Sun
Brooklyn Beckham locked in trademark war with Becks just weeks after family feud is laid bare
BROOKYLN Beckham has another row brewing with a Becks — but this time it's not his famous father. The eldest son of David and Victoria wants to expand his hot sauce brand so applied to trademark 'Becks Buns' in the US. 5 5 5 But the company that makes Beck's beer is set to challenge it. It comes after the Beckham family feud was blown open last month when Brooklyn, 26, missed all of David's 50th birthday celebrations. A source said: 'It's one thing after another for Brooklyn. "First his row with his dad blows up — and now he's got another Beck's looking like it's going to become a bit of a headache.' Brooklyn applied in January to use the name 'Becks Buns' within his Buster Hot Sauce Inc company. However, the beer's German parent firm Brauerei Beck & Co has opposed it and been granted an extension until next month to file documents. The company is part of alcohol giant AB InBev, which produces one in four lagers sold worldwide, including Stella Artois and Budweiser as well as Beck's. Brooklyn launched his first hot sauce, Cloud 23, last year and said: 'It's been a passion project of mine for the last 2½ years, something I've literally put everything into. I've never worked so hard on anything in my life.' His parents attended the launch event in LA. However, insiders said their relationship has ' never been more fractured '. Those close to Brooklyn — who is married to US actress Nicola Peltz, 30 — insist he made a private attempt to meet his dad ahead of his 50th. But that was vehemently denied by sources close to the former England captain. It was also claimed Nicola, who has been accused of 'controlling' her husband, had hired a PR guru. Those close to her believe she is being 'unfairly blamed' for the issues. KICK? NO HE'LL EDIT FOOTIE icon David Beckham is to guest edit Country Life mag in October. Editor-in-chief Mark Hedges said: 'David told me he reads every issue from cover to cover.' David, who lives in a £12million manor in Oxfordshire, said: 'I am really looking forward to working with the team to produce an issue that will celebrate the countryside.' Mr Hedges said the October edition will feature David's 'favourite view and his best-loved recipe'. 5
The Sun
06-06-2025
- Business
- The Sun
World's best beer 2025 named beating Budweiser, Guinness and Heineken
THE world's best beer for 2025 has been named and it's beaten Budweiser, Heineken and Guinness. Corona, which originates from Mexico, has been crowned punters favourite pint. 3 That is according to data and marketing firm's Kantar's BrandZ 2025 Most Valuable Global Brands report. It comes after the crisp beer, usually served with a lime, recorded double digit sales growth outside of its home market. Its no-alcohol Corona Cero, which became the first beer to sponsor the Olympic Games in Paris last year, also saw a boom in demand. And it is the second year in a row the tipple, owned by drinks giant AB InBev, has come out on top. The light beer, celebrating its 100 year anniversary, trumped Budweiser which came second in the rankings. This was followed by Dutch giant Heineken, Mexican brew Modelo and America's Michelob Ultra, which is a hard find in the UK. Marcel Marcondes, marketing chief at global brewing giant AB InBev, said: "For Corona to be recognised as the most valuable beer brand in the world in the same year the brand is celebrating its 100-year anniversary shows the power of building brands for the long-term." Meanwhile, Kantar CEO Chris Jansen added: "With the right level of investment and strategic focus, brands have huge potential to drive growth for their owners. "Anheuser-Busch InBev is a perfect example of this in action. "Through Corona and their other brands, they have mastered the ability to cut through in the face of changing consumer behaviour." All the beers that have lowered in strength British pub classic Stella Artois came ninth in the ranks, while Guinness was at the bottom of the leader board. It comes after the Irish stout has risen in popularity in recent years. Owner Diageo was forced to ration supplies to pubs in the run-up to Christmas due to increased demand. You can see the 10 global beer brands for 2025 below: Corona Budweiser Heineken Model Michelob Ultra Brahma Bud Light Skol Stella Artois Guinness MORE BEER NEWS Punters are paying more for the price of a pint in both the supermarket and the pub. How to save money buying alcohol Alcohol can be pricey if you're planning a party or hosting an event but there are ways to cut costs. It's always important to drink responsibly, here, Sun Savers Editor Lana Clements share some tips on getting booze for the best price. Stocking up can mean big savings on drinks, especially if you want to buy wine or fizz. The big supermarkets regularly offer discounts of 25% when you buy six or more bottles of wine. The promotions typically run in the lead up to occasions such as Bank Holidays, Christmas and Easter. If you know you are going to need booze later in the year, it can be worth acting when you see offers. Before buying your preferred drink make sure you shop around to find the best price – you can use a comparison site such as or Don't forget that loyalty cards can unlock better savings so make sure you factor that in too. If you like your plonk, wine clubs can also be a good way to save money and try new varieties. You'll usually have to pay a membership fee in return for cheaper price so work out if you will be buying enough to make the one off cost worthwhile. Costs have risen steadily as manufacturers and pubs grapple with higher alcohol taxes, soaring utility bills and increased staffing costs. A new report from the The Morning Advertiser said London now tops the list for the priciest pints, with pub owners charging an average of £6.10. The cost of popular brands in the capital has also climbed, with a pint of Guinness reaching £6.45, Birra Moretti £7.17, and Camden Hells £7.05 since February. And it's not only London feeling the squeeze. The survey revealed that pint prices in the Midlands increased by 5.15% between January and April. You can see how much the cost of a pint has increased in your area here. 3 3
Mail & Guardian
04-06-2025
- Business
- Mail & Guardian
Profits before people: How the liquor industry undermines reforms
Alcohol causes many social problems, requiring the revival of the Liquor Amendment Bill. The liquor industry's resistance to reforms and public health measures aimed at curbing South Africa's high alcohol consumption reveals a deep divide between corporate interests and the public good. A new study published in Globalisation and Health sheds fresh light on how the industry flexed its financial and political muscle at the National Economic Development and Labour Council (Nedlac) to protect its profits with little regard for the devastating effect of alcohol on society. First released for public comment in 2016, the Liquor Amendment Bill proposed several changes: raising the legal drinking age from 18 to 21, comprehensive restrictions on alcohol advertising, sponsorships and promotions, as well as limiting sales within 500 metres of schools and places of worship. Researchers analysing Nedlac's meeting records on the Bill found that the industry exercised 'regulatory capture' by flooding committees with representatives, punting self-regulation over public policy interventions and using financial leverage to keep the Bill from reaching parliament. Community representation at these meetings was woefully low or absent compared with that of business, government and labour. As part of these stalling tactics, industry giants such as Heineken and AB InBev commissioned two socio-economic impact studies of the Bill. One of these assessments discredited the conclusions of the government-initiated study that showed clear public health benefits from tighter regulation. While Nedlac concluded discussions on the Bill some years ago, it still hasn't reached parliament, and there is no indication by the department of trade, industry and competition of when this will happen. These revelations about the alcohol industry's strong objections to some of the proposed changes in the bill are sobering. South Africa has among the highest rates of alcohol consumption in the world. A 2019 Human Sciences Research Council (HSRC) study, based on a sample of 3500 adolescents, found that nearly 70% of young people between the ages of 11 and 18 had already consumed alcohol. Most had tasted their first drink at the ages of 13 and 14. The Soul City Institute's 2017 study found that school-aged youths were bombarded with alcohol advertising from billboards and TV. Outlet density is also a major concern. In the same study, Atteridgeville, home to 60,000 according to the 2011 census, had no less than 147 taverns. Evidence suggests a direct link: the more alcohol outlets in an area, the greater the risk of early initiation to alcohol. This is especially true for poor communities with limited social infrastructure to keep young people engaged and connected. Sobering as they are, the industry's actions are hardly surprising. These tactics are part of the industry's playbook globally. According to a report called From Sports to Screens – Exposing Big Alcohol's Predatory Practices in 2024, the industry employs strategies such as targeted adverts for people seeking online help with alcohol dependence; marketing 0% alcohol drinks to gain a foothold in spaces where alcohol consumption is not the norm; sponsoring major sporting events; and courting politicians to enact laws in the industry's interests. Despite the World Health Organisation's (WHO) efforts to promote evidence-based policies to reduce alcohol harms, the industry often disregards its recommendations. A striking example is the growing trend of alcohol sold in larger containers, like the one-litre beer, despite the WHO's explicit warnings against this. These predatory practices are not new. In our country, alcohol has long been entangled with racist oppression and economic dispossession. Black women who flocked to the cities searching for independent incomes after mining and manufacturing uprooted men from all over Southern Africa established independent livelihoods selling skokiaan or utywala . These activities flourished under the watchful eye of a state that criminalised black people for consuming the 'white man's liquor'. But this independence was short-lived. The state soon clamped down, creating a municipal monopoly on the sale of sorghum beer. Municipal beer halls — perched conveniently along major train stations — became symbols of control and exploitation. It was no accident that the municipal beer halls became targets of the wrath of the 1976 youth. The wine industry, too, carries this bitter legacy. The notorious dop system — a labour regime that compensated workers with cheap wine — directly contributed to alcoholism in farming communities across the Western and Northern Capes. This imbrication of alcohol and racial domination is also a global story. A recent book by political scientist Mark Lawrence Schrad, Smashing the Liquor Machine: A Global History of Prohibitio n, contests the idea that the prohibition movements of 19th and 20th century America were exclusive domains of white supremacists. At the forefront of these movements, he argues, were those who bore the brunt of ordinary people's subservience to a lethal substance — women, native Americans and black people. Far from being moral crusades against sin, these movements emerged as a response to predatory capitalism. Yet these revelations of regulatory capture barely caused a public storm. Why? One possibility is that there is political fatigue around the issue. The Young Communist League, which earned the ire of liquor traders in the 2000s by calling for the closure of shebeens near schools, has long abandoned the issue. The ANC Youth League no longer campaigns against glamourising alcohol through deceptive adverts. And although the Economic Freedom Fighters' early legislative efforts included a private member's Bill to ban alcohol advertising, some of its provincial structures are now cosying up to the liquor industry. The second possibility is that there is no cohesion in government about what needs to be done to address alcohol harms, with fierce contestation over concerns about jobs and trade versus public health and broader social impacts. The third could be the industry's success in framing excessive alcohol consumption as a personal issue, solved by 'responsible drinking', rather than a clash between public good and global corporate power. Even so, encouraging efforts are taking shape to challenge the status quo. Among those pushing back against the power of the predatory industry is the jazz collective iPhupho L'Ka Biko, whose Amanzi Sessions create space to challenge ritualised alcohol consumption. Sonke Gender Justice's work highlights the link between alcohol and domestic violence, while DG Murray Trust's 'rethink your drink' campaign continues to call for a shift in national policy. To succeed in reining in the alcohol industry, membership-based organisations with a nationwide presence, such as trade unions and political parties, must step up to loosen the industry's grip on policy. A good step forward would be to pressure the government to revive the Liquor Amendment Bill. Phindile Kunene is an activist, political educator and head of democracy and political culture at the Friedrich-Ebert-Stiftung. She writes in her personal capacity.
Yahoo
03-06-2025
- Business
- Yahoo
Mondelez joins 100+ Accelerator
Mondelez (MDLZ) International has joined the 100+ Accelerator, a global platform dedicated to scaling sustainable innovation. Mondelez International joins AB InBev, The Coca-Cola Company, Colgate-Palmolive, Danone, and Unilever as the program's sixth corporate partner as it begins to accept applications for the platform's seventh cohort of startups. Launched in 2018 by AB InBev, the 100+ Accelerator was created to rapidly pilot and scale solutions in areas such as regenerative agriculture, circular packaging, and energy efficiency. To date, the program has supported approximately 190 startups across more than 40 countries, many of which have gone on to become integrated partners in global supply chains. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on MDLZ: Disclaimer & DisclosureReport an Issue Mondelez (MDLZ) Sues Grocery Chain Aldi over Similar Packaging Mondelez Approves New Severance Plan for Executives Trump Trade: Trump considers 50% tariff on EU, 25% on iPhones Trump admin report implies companies are worsening health of children, FT says Mondelez International's Strong Market Performance in Western Europe Drives Buy Rating Amid Cocoa Price Challenges Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
