Ab Inbev

CCI conducts surprise raids on liquor giants Pernod, AB InBev in Hyderabad

Liquor companies and retailers in Telangana have been accused of entering into cartel-like agreements to manipulate prices and market shares

AB InBev keen to invest Rs 400 cr for expanding brewery ops in Karnataka

The world's largest brewer AB InBev has evinced keenness for a Rs 400 crore investment to enhance and expand its brewery operations in Karnataka, according to the State's Large and Medium Industries Minister M B Patil. A Karnataka delegation led by Patil held discussions with executives of AB InBev on Wednesday at the World Economic Forum annual meeting in Davos, the Minister's office said in a statement. The company has a state-of-the-art brewery in Mysuru and a Global Capability Centre here. Meanwhile, HP Enterprise which currently employs 8,000 individuals in Karnataka out of its 15,000-strong workforce across India stated that the two new state-of-the-art buildings at Mahadevpura here would be unveiled soon. "This location is set to become the largest concentration of HP facilities globally, nearly double the size of its next biggest site, the statement said.

AB InBev India hits 30% volume growth in H1, expects to maintain it in H2

Brewer Anheuser-Busch InBev (AB InBev) India has reported a 30 per cent increase in sales with gains in some markets in the first half of 2023 and expects the momentum to continue in the second half, its India President Kartikeya Sharma said. The company, which is a leading player in the premium and super premium beer segment with brands like Budweiser, Hoegaarden and Corona, has reported 200-300 basis points upside in growth in large markets such as Karnataka, Maharashtra, Uttar Pradesh, Haryana and West Bengal, he said. "The beer industry grew 20 per cent from January to June 2023... We grew ahead of the industry by almost 50 per cent. So our growth was closer to 30 per cent, said Sharma in a media roundtable here. However, there are some challenges from the urban market, which is witnessing some tapering off in the demand at urban centres but Sharma is confident in maintaining the growth rate. The challenge is for us to see how in H2 we are going to sustain and expand the share

AB InBev posts 30% H1 volume growth, expects to maintain growth in H2 2023

Brewer Anheuser-Busch InBev (AB InBev) has reported a 30 per cent increase in sales with gains in some markets in the first half of 2023 and expects the momentum to continue in the second half, its President India & Southeast Asia Kartikeya Sharma said. The company, which is a leading player in the premium and super premium beer segment with brands like Budweiser, Hoegaarden and Corona, has reported 200-300 basis points upside in growth in large markets such as Karnataka, Maharashtra, Uttar Pradesh, Haryana and West Bengal, he said. "The beer industry grew 20 per cent from January to June 2023... We grew ahead of the industry by almost 50 per cent. So our growth was closer to 30 per cent, said Sharma in a media roundtable here. However, there are some challenges from the urban market, which is witnessing some tapering off in the demand at urban centres but Sharma is confident in maintaining the growth rate. The challenge is for us to see how in H2 we are going to sustain and ...

World's largest beer maker adds Budweiser Magnum whiskey to its India menu

India's love for darker spirits makes the world's largest beer maker enter the whiskey segment in the country

AB InBev raises 2022 outlook as its beer sales accelerate 3.7% in July-Sept

AB InBev, the maker of Budweiser, Corona and Stella Artois, sold 3.7% more beer and other drinks during July-September, a growth rate faster than that seen in the first or second quarters

'Strong consumer demand': AB InBev raises 2022 outlook as beer sales rise

"We continue to see strong consumer demand for our portfolio and a resilient beer category as we navigate the dynamic operating environment," Chief Executive Michel Doukeris said in a statement

AB InBev takes Constellation to US court over Corona brand name

Constellation has used the name for its Corona Hard Seltzer, a sparkling water with alcohol and flavouring, one of several seltzer drinks that have become very popular in the United States

Australian competition regulator approves Asahi-AB Inbev deal worth $11 bn

Under the pledge with Australia's Competition and Consumer Commission, Asahi will sell its Stella Artois and Beck's beer brands and Strongbow, Bonamy's and Little Green cider brands.

AB InBev, Carlsberg, United Breweries colluded to fix beer prices: Report

CCI launched the investigation after AB InBev told the watchdog it had detected an industry cartel, leading in 2018 to dawn raids at the three brewers' offices to collect evidence

Police probing AB InBev in New Delhi tax evasion case, says report

Delhi government had barred AB InBev in July from selling its beer in the market for evading taxes

AB InBev set to revive Budweiser Asia IPO with $5 billion float: Sources

The listing would be a boost for the Hong Kong Stock Exchange

Delhi bans for 3 years company that makes Budweiser, Hoegaarden beers

Anheuser-Busch InBev has been banned from selling its products in the for three years for allegedly evading local taxes.

Budweiser maker AB InBev surprises IPO bankers as it scraps listing

A week after pulling a share sale of its Asian business, AB InBev on Friday agreed to sell its Australian unit

AB InBev Asia delays pricing world's largest IPO of 2019: Sources

IPOs on Hong Kong exchanges are only able to price up to 10% below the target range

Hong Kong rates hit 2008 highs, dollar rallies before jumbo InBev IPO

Brewer Anheuser-Busch InBev (AB InBev) is seeking to raise up to $9.8 billion by listing its Asia-Pacific business in Hong Kong this month

AB InBev's sale of Asia-Pacific unit can raise $9.8 bn in Hong Kong IPO

The Hong Kong IPO consists of 1.63 billion shares of Budweiser Brewing Company APAC Ltd. offered at HK$40 to HK$47 each, according to terms of the deal obtained by Bloomberg on Tuesday

AB InBev to invest $1 bn globally on smart drinking programme

Aims to reduce harmful use of alcohol by end of 2025

AB InBev to dominate top jobs after SABMiller deal

SAB's joint ventures in US and China will be taken over by their respective partners when the deal goes through