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Monthly Archives: October 2021
ABI Global Volume Up 3.4%, Revenue Climbs 7.9%, But Profit Is Halved
Anheuser-Busch InBev reports volume in the third quarter grew 3.4%, with own beer volumes up by 2.8% and non-beer volumes up by 7.8% and total revenue gained 7.9% to $14/3 billion. Sales of the company’s three global brands, Budweiser, Stella … Continue reading
Posted in Earnings Report
Tagged Anheuser-Busch InBev
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Beer Shipments Fall 5.1% in September
Perhaps they overdid it. U.S. brewers wasted no time rebuilding inventories at wholesalers after the pandemic, with the result distributors had an abundance of product in the early months of the summer. The result: Shipments slowed considerably beginning in July, … Continue reading
Frederick Wildman Adds Programs to Educate Next Generation
Frederick Wildman & Sons announced two new programs to make industry education and training more accessible to the next generation of wine & spirits professionals. The Wine & Spirit Education Trust (WSET) Scholarship and inaugural winter internship program are part … Continue reading
Posted in Education
Tagged Frederick Wildman & Sons
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ICYMI: Major Advertisers Share Blame for Facebook Troubles
Corporate America shares blame for the troubles at Facebook, Venture capitalist Roger McNamee, an early backer of Facebook, says. “What they are doing is willfully turning a blind eye to catastrophic problems that would not exist if they were not … Continue reading
Posted in Marketing, What We're Reading
Tagged Facebook, supply chain
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Glen Grant Launches Special Edition
Glen Grant announces the U.S. launch of the exceptionally rare Dennis Malcolm 60th Anniversary Edition. The coveted 60-Year-Old Single Malt Scotch, which retails for a SRP of $30,000 USD, will debut at the 62nd Annual Fort Lauderdale International Boat Show … Continue reading
Campari Group to Raise Prices to Offset Rising Costs
The increases will be higher than normal, the company said, and will offset costs for glass, alcohol and sugar. “We normally raise prices every year… in 2022 we plan to have more robust increases than usual, given higher costs on … Continue reading
Posted in Earnings Report
Tagged Campari Group
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