SABMiller Plc, the world’s second- largest brewer by volume, said the head of its European unit will succeed Graham Mackay as chief executive officer after naming the current CEO as the successor to Chairman Meyer Kahn.
Unilever , the world’s second-biggest consumer goods maker, agreed to sell its Italian frozen-foods unit to a group led by Birds Eye Iglo for 805 million euros ($1.04 billion) as it focuses on building international brands.
Carlsberg A/S , the Danish owner of Russia’s largest brewer, reported first-quarter earnings that beat analysts’ estimates as improved revenue and profitability in Europe and Asia helped offset plunging sales in Russia.
In building SABMiller Plc from Africa’s biggest brewer to the world’s second-largest by volume, Chief Executive Officer Graham Mackay has earned a reputation for not paying too much for purchases. His desire to snare Foster’s Group Ltd. will test that discipline.
Heineken NV, the world’s third- biggest brewer, reported annual profit that beat estimates and unveiled a new cost-saving goal to combat higher ingredients expenses, sending the shares up the most in a year.