Anheuser-Busch InBev NV is rolling out Bud Light in screw-top aluminum bottles as the world’s biggest brewer seeks to stabilize the waning brand in the U.S., where consumers are turning to craft beers and other beverages.
Molson Coors Brewing Co. Chief Executive Officer Peter Swinburn said the company plans to hold off on making new acquisitions as it focuses on paying down debt from last year’s purchase of the Czech Republic’s StarBev LP.
Molson Coors Brewing Co., the U.S. maker of Carling lager, agreed to buy StarBev LP for 2.65 billion euros ($3.54 billion) to add beer brands such as Staropramen and provide a route into central and eastern Europe.
Grupo Modelo SAB de CV , the Mexican brewer of Corona beer, and Molson Coors Brewing Co. have been exploring a possible joint bid for Australia’s Foster’s Group Ltd. , said five people with knowledge of the situation.
Armed with a family recipe and a flair for marketing, C. James “Jim” Koch popularized craft beer in the U.S. and turned Boston Beer Co. into the third- largest American-owned brewery. It also made him a billionaire, as sales of his flagship Samuel Adams brand helped Boston Beer shares double in the past year and reach a record high Friday.