AB InBev goes to court over South Africa’s alcohol ban
Anheuser-Busch InBev is headed to court to challenge South Africa’s alcohol ban, saying that the restriction is unconstitutional.
Anheuser-Busch InBev is headed to court to challenge South Africa’s alcohol ban, saying that the restriction is unconstitutional.
South Africa’s ban on alcohol sales has wider implications than our economy – global brewing giant AB InBev has been hard hit by a drop in sales here.
Anheuser-Busch InBev NV sees further African investment after spending about $200m on the continent since the world’s largest brewer bought SABMiller in 2016, according to Chief Executive Officer Carlos Brito.
The global beer industry is under pressure, as consumers switch to other tipple – and teetotal lifestyles, that’s the message from The Economist.
It’s a lesson to be wary of the supposed benefits of massive mergers – they seem seldom to materialise.
Heineken is throwing down a gauntlet to Anheuser-Busch InBev in some of the emerging markets the Budweiser maker has long dominated.
AB InBev plunged after the world’s largest brewer cut its dividend in half as it seeks to pay down a $109 billion debt mountain swelled by the acquisition of rival SABMiller in 2016.
Although he made obligatory media appearances after each set of Steinhoff’s financial results, Markus Jooste wasn’t one for interviews.
Anheuser-Busch InBev NV set a high bar for other consumer-product companies seeking to boost profitability through cost cuts.
During his first 10 days in office, US President Donald Trump used his newly acquired power to sign 18 mostly sweeping executive actions.