Nearly two years after the Department of Justice (DOJ) signed off on Anheuser-Busch InBev’s (ABI) $100 billion takeover of SABMiller, the government agency still has not completed its review of the merger. The DOJ and ABI filed a joint motion on March 15 asking U.S. District Court Judge Emmet Sullivan to approve the “proposed final judgment.” However, several groups have objected to the judgment, as it is currently written, and are now seeking a hearing in order to resolve anti-competitive concerns.
Nearly three years after being acquired by Anheuser-Busch InBev, Los Angeles’ Golden Road Brewing is beginning to see the advantages of being owned by the world’s largest beer manufacturer. In the last six months, Golden Road has launched its flagship Wolf Pup Session IPA nationally, and opened a pair of satellite brewpubs in California. According to market research firm IRI Worldwide’s multi-outlet and convenience (MULC) universe of stores, sales of the company’s beer have increased 100 percent through April 29.
Anheuser-Busch InBev today reported global revenue growth of 4.7 percent in the first quarter of 2018 even as the company’s domestic shipments and depletions decreased due to continued declines of the its flagship lager brands. A-B, the world’s largest beer manufacturer, recorded global revenue of more than $13 billion during the quarter and a gross profit of more than $8 billion. The company’s revenue per hectoliter increased 4.9 percent.
Felipe Szpigel, president of A-B’s High End, told Brewbound that more of his division’s craft breweries will be releasing 15- and 18-packs in the next couple of months.
In recent years, Anheuser-Busch InBev’s “global growth and innovation team” ZX Ventures has invested in at least nine international breweries, and now the company is pushing into spirits. ZX Ventures today announced the acquisition of Atom Group, a United Kingdom-based spirits, eCommerce and import business. Specific financial terms of the deal were not disclosed.