Word: brewers
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Like his father and grandfather before him, Donal Glennon has worked for Guinness all his life. He started at 16, as a messenger at the landmark St. James's Gate brewery in Dublin, and today, at 51, he's an accomplished brewer. His family ties to the beermaker stretch back nearly a century, to the days when 1 out of every 10 Dubliners either worked for Guinness or was supported by someone who did. The company was a classic paternalistic employer: it built affordable housing for its workers, and provided pensions, health care and education benefits long before they were...
...spent the bulk of his career climbing the ladder at his native land's dominant brewer, Adami, 49, has quickly learned to relish the role of feisty American underdog. Since he took the helm in February 2003, eight months after SAB bought Miller for $5.6 billion, Adami and his team of transplanted South Africans have defied the skeptics by starting a remarkable turnaround at Miller. Over the past decade and a half, the company had been neglected, treated as an afterthought by its parent, food and tobacco giant Philip Morris. But thanks to an irreverent ad blitz that has presented...
...ANHEUSER-BUSCH, the world's largest brewer; a takeover battle for control of Harbin Brewery, China's fourth-largest beermaker; in Harbin. U.S.-based Anheuser offered $717 million for 70% of Harbin's shares, beating out a hostile bid by London-based rival SABMiller. The takeover battle marked the first time foreign companies have vied for the right to acquire a publicly traded Chinese company...
...Last week, Anheuser-Busch, the world's No. 1 brewer by volume, announced its intention to buy 29% of Harbin Brewery. SABMiller, A-B's nemesis (formed in July 2002 when South African Breweries bought out the Wisconsin-based Miller Brewing Company), retaliated by declaring that it would launch a $391 million hostile takeover bid for Harbin. The prize is a company that made a profit of just $15 million last year but that offers a coveted entr?e into the beer-loving northeast of China...
...claim in Dr. Arthur Agatston's South Beach Diet that beer is laden with the carb maltose, a sugar. "The South Beach diet is enormously popular," says Francine Katz, a spokeswoman for Anheuser. "But there is information in there about beer that is incorrect, and a call to any brewer would have cleared it up." She says that all maltose turns to alcohol and carbonation in the brewing process and that Anheuser won't rule out legal action if Agatston fails to set the record straight...