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Heineken

August 24, 2017

Heineken takeover approved, Michael Hill profits boosted by Canada, and JAB Holdings to cast off Bally

Heineken takeover approved

The UK Competition and Markets Authority (CMA) has approved Heineken’s takeover of 1,900 pubs, saying it is satisfied the deal will not cause customers to “lose out”.

The Netherlands-based brewer proposed in June a £403 million ($516 million) purchase of the pubs, currently owned by Punch Taverns, a deal Punch shareholders approved in February.

The CMA then raised concerns about reduced competition in 33 UK areas.

June 14, 2017

Walmart staff deliver, Heineken takeover challenged, and Nordstrom family to buy out

Walmart staff deliver

Family business giant Walmart encouraging staff to make online-order deliveries on their way home is a “win-win-win” for workers, customers and the business.

The retailer is attempting to head off competition from Amazon and pitched the idea as a way for staff to make extra money, while the business cuts costs.

February 24, 2017

Heineken Asia gamble pays off as Tiger Beer flourishes; Berkshire Hathaway dumps $900 million Walmart stock; and Henkel reports strong fourth quarter

Heineken Asia gamble pays off as Tiger Beer flourishes

Netherlands-based brewer Heineken, controlled by the eponymous family, has reported its fastest earnings growth in seven years.

The 153-year-old family business said growth was driven by a 13% increase in revenue in Asia where larger sales have grown at a double-digit rate for two years.

Heineken gambled on the Asian market in 2012 when it purchased Asia Pacific Breweries, the producer of Tiger Beer, which has grown at a double-digit pace since 2015.

August 4, 2016

Heineken share prices have dropped after the Dutch family brewer reported a 4.9% slowdown in global growth over the first six months of 2016 compared to last year.

Heineken share prices have dropped after the Dutch family brewer reported a 4.9% slowdown in global growth over the first six months of 2016 compared to last year.

The world’s third largest brewery announced this week that growth in beer volume in Asia Pacific at 16%, Europe at 2.4% and the Americas at 1.6% offset a marked 5.9% drop in growth in Africa, the Middle East, and Eastern Europe.

June 10, 2016

Dutch family brewer Heineken, owned by the eponymous family, has announced long-rumoured plans to enter Formula 1 with a major multi-year sponsorship deal.

Dutch family brewer Heineken, owned by the eponymous family, has announced long-rumoured plans to enter Formula 1 with a major multi-year sponsorship deal.

The deal to begin next year will include track branding and title sponsorship of the Italian Grand Prix, held in early September.

May 27, 2016

The cream of continental business talent will be celebrated at the fifth annual European Families in Business Awards in Berlin on 21 June.

The cream of continental business talent will be celebrated at the fifth annual European Families in Business Awards in Berlin on 21 June.

Family business leaders and business school experts on the judging panel for CampdenFB have shortlisted the 30 best of the best from more than 250 nominations across six categories. Close to 1,000 companies have been nominated since 2012.

May 20, 2016

Heineken set to announce $146m F1 sponsorship deal; Lotte founder refuses mental competence evaluation; and Berkshire Hathaway buys stake in Apple

Heineken set to announce $146m F1 sponsorship deal

Dutch family brewer Heineken, owned by the eponymous family, is rumoured to have agreed to a new $146 million sponsorship deal with Formula One following a sensational win by Dutch racer Max Verstappen last week.

At the Spanish Grand Prix in Barcelona, 18-year-old Verstappen became the youngest winner in F1 history at the Spanish Grand Prix and has been tipped as a future world champion, sparking the interest of the Dutch brewer.

March 18, 2016

Heineken eyes control of indebted Indian tycoon’s brewery; Todd Corporation renews acquisition attempt of Flinders Mines; and Maersk claims first drone delivery at sea

Heineken eyes control of indebted Indian tycoon’s brewery

Netherlands-based brewery Heineken is likely to ask Vijay Mallya, known as ‘India’s Richard Branson’, to step down from the board of United Breweries, according to Reuters.

Heineken currently holds a 42.4% stake in United Breweries, the largest brewer in India, and has reportedly lost faith in the entrepreneur, who owes creditor banks more than $1 billion.

March 4, 2016

Winterkorn aware of Volkswagen emission cheating software back in 2014; Heineken announces $2bn spending spree in Mexico; and Brown-Forman shifts focus to US

Winterkorn aware of Volkswagen emission cheating software back in 2014

Volkswagen shares suffered a slight dip, before recovering lost ground, after the carmaker admitted that former CEO Martin Winterkorn was aware of emission cheating software as early as May 2014.

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