Anheuser-Busch InBev and Constellation Brands, Inc. have announced a revised agreement that establishes Crown Imports as the No. 3 producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo’s U.S. business. The transaction establishes Crown as a fully owned entity of Constellation, and provides Constellation with independent brewing operations, Modelo’s full profit stream from all U.S. sales, and rights in perpetuity to the Grupo Modelo brands distributed by Crown in the U.S.
The maker of the malt beverage Four Loko has agreed to change the look of its cans to settle charges of deceptive marketing by the U.S. Federal Trade Commission. Phusion Projects LLC agreed to post an "Alcohol Facts" panel on the back of its cans, similar to nutritional facts listed on other food products, setting forth portion sizes and alcohol content, according to a final FTC order made public on Tuesday. (Fox News)
The Competition Commission of India will likely clear the majority stake acquisition by Diageo Plc in Vijay Mallya’s United Spirits Ltd, after representatives of the companies met government officials last week. The approval by India’s fair-trade watchdog is the final regulatory clearance required by the companies to close the $2 billion deal following the conditional approval given by the markets regulator last week. (Live Mint)
A merger between British soft drinks companies Britvic and A.G. Barr hangs in the balance after Britain's consumer affairs watchdog referred the deal to the Competition Commission. The companies said that the 1.4 billion pound (US$2.2 billion) merger has now lapsed and they will make a joint announcement after conducting a combined review of the full decision by the Office of Fair Trading (OFT). "We're in the long grass for at least nine months," Britvic Chairman Gerald Corbett told Reuters on Wednesday. (Reuters)
Heineken beat expectations for 2012 profit and said Africa, Asia and the Americas should drive continued volume and revenue growth, offsetting weak European markets. Europe's largest beer maker also said on Wednesday that savings that should outweigh rising costs. (Reuters)
After a decade of off-and-on availability in Thailand as a partner of Chang beer, Carlsberg has re-entered the local market under a deal with Chang's arch-rival Singha. The Danish beer brand formerly did business in Thailand in a partnership with the Chang beer group owned by whisky tycoon Charoen Sirivadhanabhakdi. (Bangkok Post)