fred's blog


Anheuser-Busch InBev has agreed to buy its main rival SABMiller for £68 billion ($104 billion), creating a super brewery with sales of $55 billion.

The combined firm will be the world's largest beermaker by far, with nine of the world's top 20 beers by volume.

AB InBev (BUD) will offer most SABMiller (SBMRY) shareholders £44 ($67.59) per share for the maker of Miller Lite, Pilsner Urquell and Peroni, a premium of roughly 50% over the share price before acquisition rumors started flying


TORONTO -- The loyalties of craft beer aficionados were put to the test Friday when the owners of Mill Street Brewery, one of Canada's leading makers of craft beers, announced plans to be swallowed by Labatt Breweries in a takeover.

Under the agreement, the privately held Toronto company will belong to the world's largest brewing group, owned by Belgian company Anheuser-Busch InBev. Those prospects didn't sit well with some of the company's longtime customers.


CARACAS, Venezuela -- Venezuelans are facing the prospect of a heat wave without their favourite beer, the latest indignity in a country that has seen shortages of everything from disposable diapers to light bulbs.

Cerveceria Polar, which distributes 80% of the beer in the socialist South American country, began shutting down breweries this week because of a lack of barley, hops, and other raw materials, and has halted deliveries to Caracas liquor stores.


TORONTO, 19 July 2015 – Employees of the Crown Metal Packaging factory in Toronto have ratified a new collective agreement, ending a 22-month strike.

Members of United Steelworkers (USW) Local 9176 voted today to accept a six-year collective agreement with Crown. The return to work process will begin Aug. 10.

A tentative agreement was negotiated July 8 after the company withdrew one of the major impediments to a settlement – its attempt to bar many striking workers from returning to their jobs. The company had recruited replacement workers to operate the Toronto factory during the labour dispute.


I am sorry to say that it looks like the Stag Brewery at Mortlake will close the doors by the end of 2015. This was announced back in 2009 but after a few extensions It seems the end is finally near. It always disturbs me the way that companies think if they give some sort of severance that it is ok to close plants. The real tragedy is the what they do to the lives of the employees. Many at Stag have been there most of their adult life and have grown up together.


SABMiller Plc, the brewer whose advance toward Heineken NV was spurned last year, says the level of deal-making activity in the industry remains high as speculation persists about a bid from Anheuser-Busch InBev NV.

“Conversations, evaluations, looking at transactions, that’s still a big part of everyone’s day-to-day job in this industry,” interim Chief Financial Officer Domenic De Lorenzo said in at a press briefing in London Wednesday. “Activity levels, if you measure them in conversations and evaluations, are still relatively high.”


A Blue Moon lawsuit has been filed against MillerCoors by Evan Parent, who is tired of the company referring to the brew as a “craft beer.” According to the Huffington Post, Parent is a home brewer based out of San Diego. He says that the Belgian-style white beer is not a craft beer, and MillerCoors has been misleading people by their description of the brew

Heineken NV (HEIN.AS), the world's third largest brewer, and Africa-focused trading firm CFAO (CFAO.PA) will invest 100 billion CFA francs ($163.52 million) to build a brewery in Ivory Coast, a Heineken company official said on Wednesday.

The brewery will have the capacity to produce 1.6 million hectolitres of beer annually and will enter production towards the end of next year, said Siep Hiemstra, Heineken's president for Africa and the Middle East.

"We'll be operational in a year and a half and I hope that we'll be able to taste a good beer around Christmas, in December 2016," he told journalists in the commercial capital Abidjan following a meeting with Prime Minister Daniel Kablan Duncan

Not happy in your job? Feel like you can’t get ahead. A new study by CIBC Economics says you may have ample reason.

CIBC says its index of Canadian employment quality is at a 25-year low, and nothing the Bank of Canada can do to adjust interest rates is likely to fix the situation.
■Unpaid internships exploit 'vulnerable generation'
■Why are so many of Canada's young people out of work?

In fact, its job quality index has been trending down for the past 25 years and is 10 per cent below its level in the 1990s, the CIBC report said.

That means more people are working part-time instead of full-time, more people are self-employed instead of having secure employment and more are in low-wage jobs than at any time in the last 25 years, says CIBC economist Benjamin Tal.

"The damage caused to full-time employment during each recession was, in many ways, permanent. That is, full-time job creation was unable to accelerate fast enough during the recovery to recover lost ground,” Tal said in a release


AB InBev which brews Budweiser, Stella Artois and Boddingtons, routinely pays the firms four months after receiving their products or services.

Business Minister Matt Hancock said the practice was unacceptable while one firm said it could no longer afford to trade with AB InBev