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Beverages Brewers

  • Bottles of Budweiser and Miller Lite beer

    Anheuser-Busch InBev suffered its first decline in core earnings since its formation over a decade ago as Brazil depressed beer sales by even more than expected.

  • *Recession hits Brazil beer sales, weak real hikes costs. LEUVEN, Belgium, March 2- Anheuser-Busch InBev, the world's largest brewer, suffered its first decline in core earnings since its formation over a decade ago as recession-hit Brazil depressed beer sales by even more than expected. The brewer of Budweiser, Stella Artois and Corona, which makes more than a...

  • LEUVEN, Belgium, March 2- Anheuser-Busch InBev, the world's largest brewer, on Thursday raised its forecast for savings and benefits from its SABMiller takeover to $2.8 billion from $2.45 billion after reporting weaker than expected earnings due to a beer sales slump in Brazil. The company highlighted difficulties it is facing in its second largest market...

  • BRUSSELS, March 2- Anheuser-Busch InBev, the world's largest brewer, raised its forecast for savings from its near $100 billion takeover of SABMiller after weaker than expected earnings as beer sales suffered in Brazil. The company, now more than double the size of nearest rival Heineken, increased its cost savings and synergy target to $2.8 billion from $2.45...

  • Feb 28- The maker of Kona craft beer was sued on Tuesday by two California shoppers who claim they were deceived into believing the beer was made in Hawaii, causing them to overpay for it. Sara Cilloni and Simone Zimmer said Craft Brew Alliance Inc misleads consumers about the origin of its Kona Brewing Co beers, saying the fifth-largest U.S. craft brewer makes them...

  • Feb 28- The maker of Kona craft beer was sued on Tuesday by two California shoppers who claim they were deceived into believing the beer was made in Hawaii, causing them to overpay for it. Sara Cilloni and Simone Zimmer said Craft Brew Alliance Inc misleads consumers about the origin of its Kona Brewing Co beers, saying the fifth-largest U.S. craft brewer actually...

  • Feb 14- Molson Coors Brewing Co reported lower-than-expected quarterly sales, due to a strong dollar and weak demand for its Coors Light beer and its cheaper brands such as Miller High Life in the United States. Shares of the third-largest brewer in the United States fell 2.7 percent to $93.59 in premarket trading on Tuesday. Molson reported a pro-forma net loss...

  • Proposed Guinness Brewing Facility to be built in Relay, Maryland.

    The Diageo-owned brand will be creating a version of its Dublin-based Guinness Open Gate Brewery in Relay, Maryland.

  • LONDON, Jan 31- Diageo plans to open a new Guinness brewery in the U.S. state of Maryland where it will make new Guinness beers for the U.S. market, the company said in a statement on Tuesday. It will be based at the company's existing facility in Relay, Maryland, bringing the total investment in Relay to $50 million. The traditional Guinness stout will continue to be...

  • TOKYO, Jan 17- Asahi Group Holdings Ltd is open to the possibility of more acquisitions, its chief said, even after Japan's biggest beer maker sealed $10 billion worth of deals to buy European assets from Anheuser-Busch InBev SA NV last year. The brewer, known for Japan's best-selling "Super Dry" beer, has been expanding beyond its domestic market as alcohol...

  • LONDON, Jan 6- Brewer Anheuser Busch InBev and coffee maker Keurig Green Mountain have teamed up to develop a countertop appliance that could dispense alcoholic drinks in the home. Keurig is part of privately held JAB Holding, the investment vehicle of Austria's billionaire Reimann family. JAB Chief Executive Olivier Goudet is also the chairman of AB InBev, the...

  • Oct 31- Constellation Brands Inc, owner of Corona and Modelo beer, said on Monday it would buy a brewery in Mexico from Grupo Modelo, a subsidiary of Anheuser Busch InBev SA NV, for $600 million. Victor, New York- based Constellation said it submitted the proposal to buy the Obregon brewery to the U.S. Department of Justice, which oversees foreign acquisitions.

  • Oct 31- Constellation Brands Inc, owner of Corona and Modelo beer, said on Monday it would buy Obregon Brewery from Grupo Modelo, a subsidiary of Anheuser Busch InBev SA NV, for $600 million. The company, which submitted the proposal to the U.S. Department of Justice, also raised its 2017 free cash flow forecast to $575 million- $675 million, from the previous forecast...

  • AB InBev reports Q3 profit drop

    The world's largest brewer cut guidance as beer sales declined in Brazil and core profits fell by two percent, reports CNBC's Landon Dowdy.

  • *Cuts forecast for revenue per hectolitre, Brazil outlook. BRUSSELS, Oct 28- Anheuser-Busch InBev, the world's largest brewer, reported one of its weakest quarters in years as margins collapsed in recession-hit Brazil under pressure from lower sales, delayed price increases and currency hedges. However, these results were negatively impacted by a very weak...

  • *Cuts forecast for revenue per hectolitre, Brazil outlook. BRUSSELS, Oct 28- Anheuser-Busch InBev, the world's largest brewer, cut its guidance for full-year growth after beer sales declined for a fourth straight quarter in recession-hit Brazil, its second largest market. However, these results were negatively impacted by a very weak quarter in Brazil, "...

  • Time Square, New York.

    As the holidays draw closer, winter beer releases are making their way to bars, restaurants and retailers.

  • A rendering of Terrapin Sun Trust Park

    Terrapin Beer Company is opening a taproom and "brew lab" adjacent to SunTrust Park, which will open next season.

  • *Q2 net sales $2.02 bln vs est $1.96 bln. Constellation said it would buy Utah- based High West Distillery for about $160 million to enter the high-end craft whisky market and expand its premium liquor portfolio. Constellation last year acquired Sculpin IPA craft beer maker Ballast Point for about $1 billion to enter a fast-growing market.

  • Q2 net sales $2.02 bln vs est $1.96 bln. Constellation, which until three years ago was known for its premium wine brands and spirits, transformed into a major beer player in the United States after it acquired the remaining half of its Crown Imports joint venture with Mexico's Grupo Modelo. Constellation said on Wednesday it would buy Utah- based High West...