AB InBev
Belgian multinational beverage and brewing company
Follow AB InBev on Notably News to receive short updates to your email — rarely!
| 2023 | AB InBev reported annual revenue of $59.380 billion, continuing its trend of substantial financial performance. |
| 2023 | Ranked 72nd in the Forbes Global 2000 list, solidifying its position as a major global corporate entity. |
| November 2023 | The company initiated a share buyback program planned to purchase up to 20% of its issued share capital, with an annual buyback of up to $1 billion. |
| August 8 2023 | Anheuser-Busch sold several brewing brands to Tilray, including Blue Point Brewing Company, Breckenridge Brewery, Shock Top, Redhook Ale Brewery, Widmer Brothers Brewery, 10 Barrel Brewing Company, Square Mile Cider Company, and HiBall Energy. |
| May 2023 | AB InBev was named in Australia as one of three companies involved in a tax breach scandal, allegedly using confidential tax information obtained from PwC's head of international tax Peter Collins to restructure operations and take advantage of the 2016 Multinational Anti-Avoidance Law. |
| May 10 2023 | HSBC downgraded Anheuser-Busch InBev stock, citing 'deeper problems' related to the Bud Light crisis, with Beer Marketer's Insights noting a potential sales drop of more than 25% in April. |
| April 2023 | Daniel Blake, Heinerscheid's supervisor, also takes a leave of absence in response to the marketing controversy. |
| April 2023 | Marketing executive Alissa Heinerscheid took a leave of absence following the controversial Bud Light partnership, and was replaced by Vice President of Global Marketing Todd Allen. |
| April 2023 | Anheuser-Busch faced a widespread consumer boycott after partnering with transgender influencer Dylan Mulvaney for Bud Light marketing, sparking significant backlash from conservative consumers across North America. |
| 2022 | The company achieved revenue of $57.786 billion and a net income of $5.969 billion. |
| July 2021 | Carlos Brito stepped down as CEO of AB InBev after 15 years of leadership, with Michel Doukeris succeeding him as the new CEO. |
| 2020 | AB InBev experienced a significant drop in net income, reporting only $148 million, likely due to the global COVID-19 pandemic. |
| 2019 | The company reported total liabilities of US$95.5 billion, net debt to normalized EBITDA of 4.0×, and goodwill of US$128.114 billion, with revenues of US$52.329 billion. |
| March 21 2019 | AB InBev subsidiary Anheuser-Busch was sued by MillerCoors for false advertising related to a Bud Light Super Bowl commercial claiming rival beers contain corn syrup. The lawsuit alleges misleading statements about corn syrup content, with MillerCoors seeking an injunction and legal fees. |
| December 2018 | AB InBev partnered with cannabis producer Tilray to research cannabis-infused non-alcoholic beverages through Tilray's subsidiary, High Park Company. |
| September 2018 | AB InBev secured advertising deals with Major League Baseball and the NBA, marking the first time in 60 years that athletes can be featured in beer advertisements, with a focus on promoting safe drinking practices. |
| 2017 | The company reached its peak revenue of $56.444 billion during this year. |
| July 21 2017 | Anheuser-Busch InBev purchased Hiball, an energy drink company, continuing its investment in the non-alcohol beverage sector. |
| 2016 | AB InBev saw a substantial increase in total assets to $258.381 billion, the highest in the provided financial data range. |
| 2016 | Budweiser Prohibition, a nonalcoholic brew, made its first appearance in Canadian markets. |
| October 20 2016 | Formation of Anheuser-Busch InBev SA/NV, creating a major global brewing company through a significant corporate merger. |
This contents of the box above is based on material from the Wikipedia article AB InBev, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.