Word: sab
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...Like many young girls with visions of Sugarplums, Weiss began her ballet career as an 8-year-old in New Rochelle, New York. "I didn't really start to take it seriously until I was about 13," she says. "I auditioned for School of American Ballet (SAB) once, but I met a coach the same fall, and started working privately with her. I started taking class every day. It was very intense...
...behind the wheel now. The new owner of the world's most admired beer is South African Breweries, which last October bought a controlling interest in Pilsner Urquell and Radegast, the Czech Republic's two top brewers, from investment bank Nomura International in a $321 million deal. With it, SAB got the right to acquire Nomura's remaining stake by June 30, 2001, for $308 million. That makes SAB Central Europe's biggest brewer and vaults it into third spot worldwide, after Anheuser-Busch of the U.S. and Heineken of the Netherlands...
...SAB's record suggests that its ambitions are no small beer. Since its beginnings more than a century ago in Johannesburg's gold-mining camps, SAB has established a near monopoly in its vast--and thirsty--home market. Popular brands like Castle and Lion are nursed in bars and at barbecues across South Africa. SAB's 98% domestic-market share has funded the company's expansion into 20 countries across Africa, Asia and Eastern Europe. In 1998, foreign operations made up 45% of the company's $3 billion in worldwide beer sales. SAB is looking to expand further in Africa...
...assault on the U.S. market is not in the cards; further expansion in Europe is more likely. Before its Czech purchases, SAB established itself in Poland, Romania, Hungary, Slovakia and Russia. A top brand like Pilsner Urquell, say industry insiders, will reinforce SAB's No. 1 position in the region and eventually give it the edge over Heineken in Germany as well. But rival Anheuser-Busch has little cause for concern. Although the St. Louis-based giant had expressed an interest in bidding for Nomura's Czech brewing interests, Eastern Europe is "not a priority region for our international development...
...contrary to popular belief, Sab's patron Hsai says sushi can also be inexpensive...