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Thursday, January 08, 2009

In-Bud's Wreckage Begins (But It's Not Too Bad)

When I first saw this, I panicked:
LONDON, Jan 6 (Reuters) - Anheuser-Busch InBev (INTB.BR), the world's largest brewer, said on Tuesday it would close its newly-acquired London Stag brewery in 2010, with the potential loss of 182 jobs.

The Belgium-based group acquired the Thames-side brewery at Mortlake as part of its takeover of Budweiser brewer Anheuser two months ago for $52 billion. It has targeted merger cost savings of at least $1.5 billion by 2011 to help pay for the world's largest ever cash takeover.
The kicker is that Stag predates Shakespeare, going back to the 15th Century. However, a bit of research reveals that it's currently just a faceless, industrial facility opposite a Young's pub, producing only packaged macro. Whew--call off the outrage.

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