INDIA: Cobra discusses US distribution with Anheuser-Busch?
"We are in talks with Budweiser to distribute Cobra in the US," Cobra's chairman, Lord Karan Bilimoria said last week. "We will hopefully reach an agreement soon."
Ben Egan, Cobra's marketing and PR manager, added today (2 April): "We're in the very early stages of exploratory discussions with Anheuser-Busch regarding distribution in the US."
When contacted by just-drinks, however, David Peacock, A-B's VP of marketing, said: "It is our policy to not confirm, deny or speculate on rumours of potential investments, acquisitions, mergers, new business partnerships or other transactions."
The news follows Cobra's announcement last week that it is upping its production presence in India, with an US$80m investment pegged for facility upgrades. Cobra also said that it hopes to add two new Indian facilities to its current nine, with the company targeting a total of 12 breweries by 2010.
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