Anheuser-Busch InBev on Monday announced an ambitious programme to spend $2bn in investment in its U.S. operations over the next four years to increase brewing capabilities.
The world’s largest brewer said it will spend $500m each year for the next four years – describing it as one of the biggest ever capital investment programmes in the U.S. brewing history.
Diageo has completed the sale of its remaining wine brand in the U.S with the sale of Chalone Estate Vineyard in California to the Foley Family Wines. The terms of the sale was not disclosed.
Diageo has been disposing of its wine brands since last year when the company’s CEO, Ivan Menezes stated that “wine was no longer core” to the company’s strategy.
A group of beer drinkers in the U.S. are trying to stop the merger between AB InBev and SABMiller, two of the world’s largest beer companies.
The group which number 23 filed a lawsuit against AB InBev over its $108bn deal to acquire SABMiller, claiming the merger would result in higher beer prices, lower beer quality and erosion of consumer choice as well as creating a monopoly in violation of U.S. anti-competition law.
