In April, Proost Beer secured funding of INR 8.5 crore. It aims to capture a five per cent plus share of the Indian beer market by 2030.
The Bill and Melinda Gates Foundation Trust acquired approximately $95 million of Anheuser-Busch shares during the same period the company reported a dip in revenue for Q2 2023.
Although external factors like Bud Light's PR woes played a role, Modelo's rise to the top wasn't merely coincidental. The company had aimed to become the No. 1 beer in America by 2025.
'You Need to Stand for Your Values': Heineken CEO Dolf van den Brink Talks Bud Light Beer Sales Decline
The company posted a 5.6% decline in beer sales in the first half earnings report of 2023.
Several other parties, including Rhode Island-based brewery Narragansett Beer and Bay Area entrepreneurs, have expressed interest in preserving Anchor Brewing's legacy.
The San Francisco-based company was reportedly losing millions of dollars annually.
Amid declining sales, the company is giving a rebate of up to $15 for beer purchased through July 8th.
Bud Light sales revenue declined by 26.8% in early June compared to a year prior.
Comedy is one thing, but Molson Coors apparently crossed the line by comparing a competitor's products to water.
The purchase gives him ownership of 3.76% of the company's shares.
While geo-political conditions arising due to Russia-Ukraine war have had an impact on prices, the upbeat mood of beer crafters is evident from new launches
One man stood apart from the crowd at last week's PGA Championship.
Learn about blazing your own path from a pair of craft brewers who'll share the lessons they've learned, the mistakes they've made, and the plans they have for future growth.