Blog: Does A-B InBev have a different goal for Grupo Modelo?
Andy Morton | 12 August 2013
Anheuser-Busch InBev has sold the stake in Mexican football team Santos Laguna that it inherited through its US$20.1bn acquisition of Grupo Modelo.
Grupo Modelo's new CEO Ricardo Tadeu, who was promoted from within A-B InBev when the company bought Modelo in June, said the sale of Santos Laguna will allow Modelo to “focus on what it does best - brewing excellent beers”.
It was a slightly surprising move however as who only last month Modelo upped the number of football teams in Mexico it sponsors through its lager brand Corona.
The real reason may well be Tadeu's strident cost-cutting measures that, according to his interview with CNN's Spanish-language business site late last month, will see Modelo shed 4,000 jobs (out of 40,000) and slash expenditure by US$1bn, all within four years.
Looks like A-B InBev's takeover means it is a whole different ball game for Modelo.
You can't seem to move at the moment for news of US craft brewers expanding....
Here's a round-up of the top stories on just-drinks last week, featuring Coca-Cola Life, Australian Vintage, Pernod Ricard and BrewDog....
Beer consumption in Germany - already pretty impressive - will undoubtedly have enjoyed a spike following celebrations over the nation's FIFA World Cup win. ...
Last night, The Coca-Cola Co's UK division celebrated moving in to its stylish new central London headquarters with a barbecue on its roof-top terrace....
- A tobacco analogy soft drinks will want to embrace
- PepsiCo to consider more re-franchising - CEO
- Cleaning China's seedier side brings Remy balance
- Pernod's Portman Group penalty - a coincidence?
- just The Preview - SABMiller's Q1
- Diageo's Captain Morgan Facebook ad banned
- Diageo faces public consultation over W&M sale
- William Grant silent on Drambuie bid talk
- Bacardi to fight US football team legal action
- Alcohol retailer group appoints new chairman