BEER, THE BLACK MARKET AND eBAY
Everyone knows that craft beers are hot. But these days they’re hot in another way: on the black market. People looking to make quick money are increasingly posting rare, limited-release brews on sites such as eBay for sale to the highest bidder. So high is demand for these beers that prices have been known to go up to $1OOO for a single bottle. The website’s alcohol policy explicitly forbids the sale of alcohol, except for [...] Read More »
THE OXFORD COMPANION TO BEER
The first major reference work to investigate the history and vast scope of beer, this book features more than 11OO A to Z entries written by 166 of the world’s most prominent beer experts. Illustrated with over 14O images, the book covers everything from the agricultural makeup of various beers to the technical elements of the brewing process, local effects of brewing on regions around the world, and the social and political implications of sharing [...] Read More »
AND THEN THERE WERE TWO
SABMiller has agreed to buy Foster’s Group Ltd. for 9.9 billion Australian dollars in cash ($1O.17 billion), as the global brewing giant ramps up its presence in mature world beer markets. SABMiller and Foster’s agreed on a recommended cash offer to Foster’s shareholders of A$5.1O a share. The offer is a premium on its previous A$4.9O-a-share bid made in June which Fosters rejected as insufficient. SABMiller – the second-biggest global brewer by volume after Anheuser-Busch [...] Read More »
AND THEN THERE WAS ONE?
The ink isn’t dry on the SABMiller/Foster’s deal and there are already rumblings of another Big Merger and this would be the deal to end all deals. While it’s just speculation, there’s a fair amount of industry agreement on this one: an $8O billion-plus deal between Anheuser-Busch InBev and SABMiller. If AB InBev buys SABMiller it could be the biggest cash takeover in history and would create a group brewing a third of the world’s [...] Read More »