Tag Archives: AB Inbev

AB InBev withdraws funding for alcohol study as industry’s influence is questioned

The world’s largest brewer, Anheuser-Busch InBev (AB InBev) said it is withdrawing its financial support for a controversial study that will look into whether there are any health benefits to drinking alcohol in moderation.

The ten-year long clinical study which was announced last year had the financial support of the alcohol global heavyweights such as Diageo, Pernod Ricard, Heineken, Carlsberg and AB InBev.

According to the New York Times, the total amount so far raised by the drinks companies for the study is $66 million, of which AB InBev gave $15.4 million.

Budweiser Nigeria makes audacious offer; free beer if Eagles make Quarter Finals

Budweiser Nigeria, a brand of International Breweries plc will be celebrating Nigeria’s Russia 2018 World Cup outing with the most daring offer. As part of its global campaign “Light Up the FIFA World Cup,” the brand is challenging the national team to make it to the world-cup quarter finals and the drinks would be on the house. Every Nigerian gets a free beer.

To be a part of this excitement, fans are asked to go to Budweiser Nigeria’s Twitter page @BudweiserNG and visit www.freebudforeverynigerian.com. Once on the site, you can register to get your unique QR code for redeeming your free beer at any Spar outlet nationwide.

AB InBev off to a strong start in Q1 as revenue grows 4.7%

Anheuser-Busch InBev on Wednesday reported a 4.7% revenue growth for the first three months of 2018, driven by strong performance of its global premium brands and revenue management initiatives.

The company said that total volumes declined by 0.2%, while its own beer volumes rose by 0.5%.

Combined revenues of its three global premium brands – Budweiser, Stella Artois and Corona grew by 7.9%, with Corona outperforming other brands by 25.1% growth, followed by Stella Artois at 12.3% and Budweiser 2.5%.

Budweiser unveils ‘Light Up the FIFA World Cup’ campaign

Budweiser, a brand from the stables of International Breweries Plc, a subsidiary of Anheuser-Busch InBev, the Official Beer of the 2018 FIFA World Cup, on Tuesday launched its new global campaign “Light Up the FIFA World Cup.”

The major highlights of the campaign feature drones delivering bottles of cold Budweiser to fans across the world in what the company refers to as “the largest beer delivery to date”.

International Breweries sees higher revenue and earnings growth at year end

International Breweries Plc (IBPlc) reported a 12% growth in revenue for the nine months to the end of December 2017. Sales grew to ₦36.5bn from ₦32.7bn in the previous year.

Cost of sales rose 30% in the period to ₦22.86bn from ₦17.5bn, impacted by a 33% increase in net finance cost to ₦6.9bn. Administrative costs also weighed on the firm’s earnings, rising 117% to ₦4.5bn from ₦2bn in the preceding year.

AB InBev plans expansion in Tanzania; announces construction of new $100m brewery

Anheuser-Busch InBev (AB InBev) is moving quickly to expand its holdings in Africa. The world’s largest beer company announced on Monday following a meeting with the Office of the President of Tanzania, John Magufuli, to invest $100m in a new beer plant in Dodoma, the administrative capital of Tanzania. AB InBev is the majority shareholder in Tanzania Breweries Limited, the country’s largest brewer and one it inherited following its acquisition of SABMiller in 2016.

AB InBev to divest seven of its beer brands to CCU in Argentina

AB InBev has agreed to transfer seven of its beer brands in Argentina to Compania Cervecerias Unidas S.A. (CCU) as part of a post-merger condition for its takeover of SABMiller in 2016, Argentina’ production ministry announced on Wednesday.

As part of the proposed divestment by AB InBev which received the blessing of the Argentine National Competition Defense Commission, the brewer will transfer seven of its brands, notably – Isenbeck, Dioasa, Norte, Iguana and Baltica beer brands, as well as the licenses to Warsteiner and Grolsch brands to CCU, a Chilean brewer with operations in Argentina.

New $250m Sagamu brewery to commence operation by mid-year – AB InBev

Belgian brewer AB InBev has said it is nearing completion of its new $250 million Sagamu brewery and expects it to go into operation by mid-year.

The announcement was made by Ricardo Tadeu, AB InBev’s head of operation for Africa on Thursday in South Africa.

“For the long term, in five to 10 years, Africa will be an important growth driver for the global company,” he said.

AB InBev full year profit soars on solid performance of its global brands and revenue enhancing initiatives

AB InBev reported full year surge in profits for the 2017 financial, helped by global premiumization and revenue management initiatives. Profits soared to $8 billion from $4.9bn in 2016.

The beer giant said that the combined revenues of its three global brands – Budweiser, Stella Artois and Corona grew 9.8%.

AB InBev ready to take on NB, Guinness

International Breweries Plc (“IBPLC”), the Nigerian unit of Belgian brewer, Anheuser-Busch InBev said, it was battle-ready to take on its competitors in the Nigerian market – Nigerian Breweries Plc and Guinness Nigeria Plc. IBPlc on Thursday finalized a three-way merger with its sister companies, Intafact Beverages Limited and Pabod Breweries Limited.