As temperatures rise across the country, many consumers look for a cold cocktail or a frozen treat to cool off and relax. Now an California based company is giving them the chance to have both at the same time.
Belgium-based Anheuser-Busch InBev and Mexico-based Grupo Modelo have confirmed they are in talks to sell the remainder of Modelo to Anheuser-Busch InBev, which already owns a non-controlling 50-percent stake in Modelo. Both sides say although discussions are taking place, a deal — with an expected price tag of $12 billion — is not certain.
Comparable sales at company stores grew 1.2 percent for the fourth quarter, missing an estimate of 3.1 percent from FactSet.
Meal kit sellers and upstart grocers are underscoring an eat-at-home culture.
Unilever said it was reviewing its options to increase shareholder value, days after it rejected a surprise $143 billion takeover bid from Kraft Heinz.