Tag: AB InBev

2019 Market Update | Day 77

Posted in Beer, Industry, Spirits, Wine.

Analysts Dismiss Pernod Ricard’s Rumoured Wine Sale https://www.thedrinksbusiness.com/ by Arabella Mileham 18th March, 2019 Analysts have poured cold water on the rumour that Pernod Ricard is mulling a sale of its wine division, arguing that while there may be further sales of non-core brands, a wholesale disposal of the entire wine division is “unlikely”. Analysts firm Jefferies International issues a note in response to a report in Bloomberg last week that claimed the French drinks company was in “early discussions” on a potential sale of its $500 million wine...

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2019 Market Update | day 73

Posted in Beer, Industry, Spirits, Wine.

Premium spirits to boost global consumption https://www.thespiritsbusiness.com/ by Amy Hopkins 14th March, 2019  The soaring popularity of whisky, gin and flavoured spirits is forecasted to enable global spirits consumption to reach a value of US$366 billion in 2022, according to a new report from Vinexpo and IWSR. This marks a value increase of 14.9% between from 2017-2022, with a compound annual growth rate (CAGR) of 2.8% for the same period. Volume spirits consumption is estimated to hit 3.2 billion nine-litre cases, a 1.2% rise from 2017-2022, with a CAGR of 0.2%. The data has been...

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2019 Market Update | day 72

Posted in Beer, Industry, Spirits, Wine.

Pernod Weighs Sale of Jacob’s Creek, Campo Viejo Wines https://www.bloomberg.com/ By Ruth David and Thomas Buckley March 13, 2019 Pernod Ricard SA is considering a sale of its wine division, which includes Australia’s Jacob’s Creek and Spain’s Campo Viejo labels, according to people familiar with the matter. The world’s second-largest distiller has held early discussions on a potential sale of the unit, which has sales of about $500 million, said the people. Deliberations are at a preliminary stage and Pernod may ultimately decide to retain the business,...

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2019 Market Update 70

Posted in Beer, Industry, Spirits, Wine.

Anheuser-Busch Chasing Online Beer Sales As Grocery E-Commerce Picks Up Steam https://www.marketwatch.com/Tonya garciaMarch 12, 2019 As online grocery sales slowly creep higher, anheuser-busch inbev s.a. is wasting no time getting a foothold in the burgeoning e-commerce beer sector, which is only just starting to come to the attention of shoppers. Through ab inbev’s bud, -0.12% global growth and innovation group, zx ventures, it is working across north america to “elevate the beer category online,” which only made up less than 1% of the market in the u.s. in 2017. According...

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MillerCoors takes another swipe at Bud Light for its corn syrup Super Bowl ad?

Posted in Beer, Industry, Spirits, Wine.

MillerCoors published Nielsen data showing Bud Light’s falling sales since the rival beer aired a Super Bowl ad attacking Miller Lite and Coors Light for using corn syrup in their products.MillerCoors had already hit back at Bud Light on Twitter and with a full-page New York Times ad. The ad further jeopardized a beer alliance after MillerCoors pulled out of a meeting scheduled for this month. MillerCoors took another swipe at Bud Light in a blog post that pointed to the rival beermakers’ falling sales since it aired its Super Bowl ad that called out Miller and Coors’ use...

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Anheuser-Busch chasing online beer sales as grocery e-commerce picks up steam

Posted in Beer, Industry, Spirits, Wine.

As online grocery sales slowly creep higher, Anheuser-Busch InBev S.A. is wasting no time getting a foothold in the burgeoning e-commerce beer sector, which is only just starting to come to the attention of shoppers.Through AB InBev’s BUD, -0.12% global growth and innovation group, ZX Ventures, it is working across North America to “elevate the beer category online,” which only made up less than 1% of the market in the U.S. in 2017. According to data provided by ZX Ventures, only 6% of the adult beer-purchasing population has bought beer online in the past. More than a...

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Board rigid with AB InBev, Disney and Apple’s director reshuffles

Posted in Beer, Industry, Spirits, Wine.

The world’s biggest brewer has finally admitted that Budweiser is a soft drink – tolerable only as a thirst quencher at a baseball stadium on a hot day after the third inning and a particularly spicy hot dog. At least that was my read of AB InBev’s decision this week to replace its chairman, Olivier Goudet. Mr Goudet’s day job is running JAB Holdings, the investment group that has embarked on a blitz of acquisitions in recent years, from Pret A Manger to Peet’s Coffee. The precise trigger for his departure is disputed. The Frenchman says he needs to devote...

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