Beverages
Athletic Brewing raises $50 million as non-alcoholic wave sweeps brewing
Company founder Bill Shufelt (left) and head brewer John Walker pause at the Athletic Brewing’s non-alcoholic brewery and production plant on March 20, 2019 in Stratford, Connecticut. Spencer Platt | Getty Images Leading non-alcoholic brewer Athletic Brewing Company announced Tuesday it’s raised an additional $50 million in equity financing in a round led by General […]
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Carlsberg slides 8%, set for greatest drop in four decades, just after Britvic rejects $3.9 billion takeover offer you
Carlsberg shares were on study course for their premier solitary-day decline in more than four several years on Friday, just after the British smooth beverages maker Britvic reported it had turned down the Danish brewer’s £3.11 billion ($3.9 billion) takeover proposal. Shares of Carlsberg ended up down by 8.7% at 09:04 a.m. London time, in […]
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French cognac makers surge as Macron hints at cooling of China trade dispute
French President Emmanuel Macron (R) shakes arms with Chinese President Xi Jinping soon after delivering a joint assertion at the Elysee Palace, as aspect of the Chinese president’s two-working day condition pay a visit to in France, in Paris on May 6, 2024. The French president his Chinese counterpart for a condition go to on […]
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Disney gets a win in Nelson Peltz board fight. 2 other portfolio stocks mount comebacks
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Markets bounce : Stocks kicked off […]
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Molson Coors looks to lock in market share gains as consumers shift away from Bud Light
A Miller Lite and a Coors Light is displayed in Chicago on Oct. 9, 2007. Scott Olson | Getty Images Brewer Molson Coors said on Tuesday that it expects to maintain its market share gains in the year ahead. The company, which makes Coors Light and Miller Lite, reported strong fourth-quarter earnings Tuesday as net […]
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Beer sector isolated from offer chain woes, CEO of Budweiser-maker AB InBev suggests
The beer sector need to prove resilient by way of looming provide chain difficulties that glimpse established to influence some markets, the chief executive of Budweiser proprietor AB InBev stated Friday. Beer has a “characteristic as a group that is incredible, which is beer is nearby,” Michel Doukeris informed CNBC’s Arabile Gumede. AB InBev is […]
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From specialty beans to trendy solutions and accessories — coffee is getting cool again
Cafes de Colombia Expo, the most critical specialty coffee reasonable in Latin The us, requires put in Bogota, Colombia on October 20, 2023. Anadolu | Anadolu | Getty Photos You may have viewed yet yet another influencer espresso brand name start on social media, have noticed your colleagues building their personal drip espresso in the […]
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This 23-yr-outdated acquired a $150 home beer brewing kit and turned it into a 6-figure business
Anushka Purohit, the co-founder of Breer, a Hong Kong-centered startup that turns leftover bread into craft beer. Breer When Anushka Purohit was just 10 years previous, she was appalled by the sight of a Starbucks barista throwing leftover cakes and sandwiches into the garbage. A decade afterwards, the memory served inspire her to launch a […]
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Bud Light maker Anheuser-Busch to lay off hundreds of corporate staff
An employee adjusts bottles of Bud Light beer at an Anheuser-Busch InBev facility in Virginia, Aug. 8, 2018. Andrew Harrer | Bloomberg | Getty Images Beverage giant Anheuser-Busch InBev announced it will lay off hundreds of corporate employees as sales of its flagship lager Bud Light falter. In a statement to CNBC on Thursday, a […]
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DeSantis orders probe into Bud Light’s deal with transgender influencer Dylan Mulvaney
Republican presidential candidate, Florida Governor Ron DeSantis, delivers remarks at the annual Christians United for Israel Summit (CUFI), at the Crystal Gateway Marriott in Arlington, Virginia, July 17, 2023. Kevin Wurm | Reuters Florida Gov. Ron DeSantis has told his government to investigate whether Bud Light’s parent company breached its duties to shareholders as a […]
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