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Tag: Anheuser Busch Inbev NV

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

At least 150 companies have warned investorsRead More

Brewers embrace Dry January as US beer consumption declines

A still image from Heineken O.O video ad Source: Heineken Americans are drinking less beer, encouraged by trends like Dry January. But brewers like Molson Coors Beverage and Heineken are trying to use the monthlong sobriety challenge to promote their beer. Dry January started in the United Kingdom in 2013. Since then, the movement has …

Brewers embrace Dry January as US beer consumption declinesRead More

Grocery stores are no longer the best place for some consumer brands

Getting mass distribution on the shelves of huge retailers may not be the best way forward for new consumer-goods brands, according to the co-founder of a new venture capital (VC) business The Craftory. Elio Leoni Sceti, a former Reckitt Benckiser and Procter & Gamble executive, founded the company in May 2018, and its website describes …

Grocery stores are no longer the best place for some consumer brandsRead More

Kraft Heinz (KHC) earnings Q3 2019 beat estimates

Kraft and Heinz products Scott Olson | Getty Images Kraft Heinz on Thursday reported quarterly earnings that topped analysts’ expectations, but sales continued to decline as executives formulate a turnaround plan. Shares of the company jumped 11.3% in morning trading. As of Wednesday’s close, shares were down by about 33% this year, giving the food …

Kraft Heinz (KHC) earnings Q3 2019 beat estimatesRead More

Bud Light’s parent accuses MillerCoors of stealing its beer recipes

Source: Anheuser-Busch InBev In the latest escalation of the legal battle between Anheuser-Busch InBev and MillerCoors, the Bud Light brewer is accusing its rival of stealing secret recipes for its beers, including Michelob Ultra and Bud Light. MillerCoors, the U.S. subsidiary of Molson Coors, first filed a lawsuit against Anheuser-Busch in March after its rival …

Bud Light’s parent accuses MillerCoors of stealing its beer recipesRead More