Does Heritage Trump Origin in Beer Brands?

Imported beers — which rose to popularity beginning in the 1960s on the notion that beer made elsewhere was better and different — are becoming decidedly more American.

Published

13 years ago

November 14, 2011

BusinesSuiteOnline

Red Stripe beer might be the “the taste of Jamaica,” but Diageo soon plans to make it at a U.S. brewery operating in three landlocked states. And while Beck’s touts itself as “the world’s No. 1 German beer,” Anheuser-Busch InBev is moving production to the American heartland in St. Louis for its U.S. consumers. Even Foster’s, which MillerCoors markets as “Australian for beer,” is really a U.S. brew — made in Texas, not Down Under.

Imported beers — which rose to popularity beginning in the 1960s on the notion that beer made elsewhere was better and different — are becoming decidedly more American. Big brewers are moving production stateside in search of cost-savings and flexibility even as the brands keep their foreign catchphrases. The shift follows the trend of other industries, like cars (see sidebar), where increasing domestic production by foreign companies has blurred the definition on what exactly is considered an “import.”

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

Published

8 years ago

November 24, 2016

Managing Editor

JSE Online Trading Platform

Published

8 years ago

November 24, 2016

Managing Editor

Grace Stockholders To Vote On 3-for-1 Stock Split Today

Published

9 years ago

July 11, 2016

BusinesSuiteOnline

Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

UK Loses S&P Triple A Rating

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.