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...nonalcoholic beer (made by the same process as beer, with most of the alcohol removed either through a vacuum process at the end or by limiting the rate of fermentation), making it more palatable to the discerning drinker. The appeal of Sharp's is its yeasty, rich flavor, while Heileman's Kingsbury, once the market leader, is somewhat metallic but still very drinkable. Kaliber, an import from Guinness, has a fine, toasty aroma, and O'Doul's has the straightforward and pleasant taste of a regular domestic beer...

Author: /time Magazine | Title: Boozeless Bonanza | 10/7/1991 | See Source »

Wisconsin-based G. Heileman Brewing had been enjoying heady success until Australian raider Alan Bond took over the company in 1987 for $1.6 billion. Bond's empire collapsed two years later, leaving the brewer swamped with debt. Heileman is now attempting to give creditors an equity stake in return for loan relief...

Author: /time Magazine | Title: Forgive Us Our Debts, Please! | 6/18/1990 | See Source »

...Alan Bond's sloop Australia II captured the America's Cup. In the same determined manner, Bond, 51, has run up more than $3 billion of debt in recent years while capturing a global empire of properties ranging from half of Chile's telephone system to Wisconsin-based G. Heileman Brewing. To lighten his crushing debt load, Bond is now shedding properties almost as fast as he acquired them...

Author: /time Magazine | Title: Raiders on The Run: The Big Comeuppance | 12/11/1989 | See Source »

...assets, sound. In 1987 he paid more than $700 million for Kerry Packer's TV stations in Australia. In the financial year ending last June, Bond's media firm posted a $34 million loss. Also in 1987, Bond paid more than $1 billion for the U.S. brewery G. Heileman, whose 1989 resale value is about half that...

Author: /time Magazine | Title: Art: The Anatomy of a Deal | 11/27/1989 | See Source »

...based Anheuser-Busch, Inc., the nation's biggest brewer, is so enthusiastic about its version of the product -- Michelob Dry -- that it is launching it with the industry's biggest introductory ad campaign since Bud Light. Two other firms have joined in the dry stakes. In early November, G. Heileman Brewing Co. of Wisconsin, which also distributes Old Style Dry in the Midwest, began selling Rainier Dry to its customers in the rainy Northwest, using the contrary slogan: THE DRY SEASON IS COMING. Meanwhile, Milwaukee's Pabst Brewing Co. started selling Olympia Dry, after first testing its potential in Japan...

Author: /time Magazine | Title: Food: A New Brew Too True? Dry beers go national | 12/5/1988 | See Source »

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