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 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.
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.
Thursday, January 08, 2009
In-Bud's Wreckage Begins (But It's Not Too Bad)
When I first saw this, I panicked: