Search Results for: AB InBev

NEWS: New Delhi: Ban Lifted on AB InBev

A tribunal has lifted the sales ban placed on AB InBev by the New Delhi government. The city government ordered a 3 year sales ban on AB InBev after finding SABMiller acquired by AB InBev used duplicate bar codes to pay lower taxes. The AB InBev appeal against the ban was rejected in December by a judge of the Delhi High Court, who directed AB InBev to approach the city tribunal for further relief. The tribunal has issued a stay order on the ban last week…

NEWS: EU Investigates AB InBev for New Tax Scheme

AB InBev NV is among 39 corporations targeted by fresh European Union investigations into Belgian tax schemes after an earlier order to recoup about €800 million ($885 million) was criticized by the EU’s General Court. According to an emailed statement, the European Commission opened separate probes into so-called tax rulings that Belgium doled out to multinational companies from 2005 to 2014. The rulings “may have given a selective advantage” to the companies “allowing them to pay substantially less tax…”

NEWS: How AB InBev Circumvents New Delhi Ban

New Delhi  city government has very recently banned AB InBev from selling its beer for three years. But now, AB InBev has quickly launched a non-alcoholic beer which is going to be available in Delhi markets despite the ongoing ban. AB InBev has found a way to circumvent the ban on selling their products.
Tasting and looking very similar to its alcohol beer, the new non-alcoholic product is not only introduced in New Delhi but also in the state of Gujarat, where any alcohol consumption is prohibited.
This new alcohol-free beer is AB InBev’s way of staying in the New Delhi market with its brand Budweiser (even though it also says “0.0 non-alcoholic” on the labels) and to continue to build brand relations with customers that currently are abstainers and have no taste for beer…

NEWS: Delhi City Gov. Rejects AB InBev Plea

Authorities in New Delhi have rejected a plea by AB InBev to temporarily lift a 3-year ban while it hears the global beer giant’s appeal against the tax evasion charges. SABMiller – later purchased by and merged with AB InBev in 2016 for around $100 billion – used duplicate barcodes on beer bottles supplied to retailers that year, allowing it to evade alcohol taxation. AB InBev was then barred from selling its products in the critical New Delhi market for the alleged tax evasion…

NEWS: Indian Tax Authorities Accuse AB InBev of Tax Avoidance

Indian tax authorities have accused AB InBev of tax avoidance and price cartelization. The Indian tax authority issued a demand notice for alleged capital gains tax liability last year on SABMiller’s 2006 acquisition of Foster’s India business, trademarks and other intellectual properties…

NEWS: EU: AB InBev Fined For Trade Violations

The European Commission has fined beer giant AB InBev for trade violations. The world’s largest beer maker was fined €200.4 million for price fixing by hindering cheaper imports of its Jupiler beer from the Netherlands into Belgium.
The European Commission found that AB InBev, based in Belgium, used its dominating market power to restrict the possibility for supermarkets and wholesalers to buy Jupiler beer at lower prices in the Netherlands and to import it into Belgium. AB InBev removed the French version of mandatory information from the labelling and changed the design and size of beer cans to make it harder to sell to Belgian consumers…

NEWS: AB InBev: New Chairman Hails From Big Tobacco

Beer giant Anheuser-Busch InBev elects former CEO of Altria as its new chairman.Shareholders of Anheuser-Busch InBev elected the former top executive at tobacco giant Altria Group Inc. as its new board chairman. Martin J. Barrington was appointed by the annual meeting of the world’s biggest beer producer.
This selection is a clear message: AB InBev’s urgent need to unleash growth and create value for shareholders now combine more than ever both personally and institutionally with Big Tobacco’s playbook to systematically undermine, obstruct and oppose public health policy making and cast doubt about the scientific evidence concerning health harmful products and business practices…

NEWS: Patagonia Sues AB InBev

The outdoor apparel company Patagonia has sued AB InBev for similarities in the new beer line launched by AB InBev called ‘Patagonia Brewing Company’. AB InBev launched the product in Colorado, U.S. recently and Patagonia argues the product by AB InBev is purposefully meant to confuse consumers and take advantage of Patagonia’s over 40 years legacy. AB InBev is denying the allegation…

PRESS RELEASE: Civil Society Urges The United Nations UNITAR To End Partnership With AB InBev

A large and diverse group of international public health, road safety, academic and development organizations are respectfully calling on The United Nations Institute for Training and Research (UNITAR), to end a newly formed partnership with, the world’s largest beer producer, AB InBev…

NEWS: Tobacco Giant Altria Gains Profits From AB InBev

Big Tobacco Gains Profits From Big Alcohol Investment
Altria Group, Inc. recently announced that its board of directors has approved an increase of 8.2% in its quarterly dividend, amounting 66 cents per share as compared with the previous rate of 61 cents…