Graham Mackay, the executive who built SABMiller Plc into the world’s second-biggest beermaker, has died. He was 64.
Faced with an armada of smaller competitors, the world’s biggest brewers are getting bigger.
SABMiller Plc passed on buying almost half the Mexican beer market in 2010 when Heineken NV struck a 5.3 billion-euro ($6.9 billion) deal to acquire Fomento Economico Mexicano SAB’s brewing unit.
Pernod Ricard SA’s 80-year-old pastis brand is feeling its age.
Goose Island is the new Bud. So are Shock Top and ZiegenBock. And Leinenkugel’s and Blue Moon, for that matter, could be called the new Coors or Miller.
Heineken NV, the world’s third- largest brewer by volume, said full-year profit is unlikely to grow, sending the shares down the most on record.
"It's disappointing and there seems to be weakness across the board."
- Trevor Stirling on Oct 30, 2014