View source for AB InBev

{{Short description|Belgian multinational beverage and brewing company}}
{{Use dmy dates|date=December 2021}}
{{Infobox company
| name = Anheuser-Busch InBev SA/NV
| logo = Anheuser-Busch InBev Logo 2022.svg
| type = [[Public company|Public]] ([[S.A. (corporation)|Société anonyme]]/[[Naamloze vennootschap]])
| traded_as = {{unbulleted list|{{EuronextBrussels|ABI|BE0974293251|XBRU}}|{{NYSE|BUD}} (ADR)|{{JSE|ANH}}|[[BEL 20]] component (ABI)}}
| ISIN = BE0974293251 (old BE0003793107)
| predecessors = {{ubl|[[Anheuser-Busch]]|[[InBev]]|[[Ambev]]| [[Interbrew]]|[[SABMiller]]}}
| foundation = {{start date and age|df=yes|2008}},<br />through [[InBev]] acquiring [[Anheuser-Busch]]
| hq_location_city = [[Leuven]]
| hq_location_country = [[Belgium]]
| area_served = Worldwide
| key_people = {{Unbulleted list|[[Martin Barrington]] (chairman)|[[Michel Doukeris]] (CEO)}}
| industry = [[Drink industry]]
| products = Alcoholic beverages: beer and soft drinks
| revenue = {{increase}} {{US$|59.38&nbsp;billion|link=yes}}
| revenue_year = 2023
| operating_income = {{decrease}} US$13.97&nbsp;billion
| income_year = 2023
| net_income = {{decrease}} US$6.891&nbsp;billion
| net_income_year = 2023
| assets = {{increase}} US$219.3&nbsp;billion
| assets_year = 2023
| equity = {{increase}} US$81.85&nbsp;billion
| equity_year = 2023
| num_employees = 154,540
| num_employees_year = 2023
| subsid = {{unbulleted list|[[Anheuser-Busch]]|[[InBev]] ([[AmBev]] [[Interbrew]])|[[Grupo Modelo]]}}
| homepage = {{URL|https://ab-inbev.com}}
| footnotes = <ref name=AR23>{{Cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1668717/000119312524064823/d801635d20f.htm |title=2023 Annual Report (Form 20-F) |date=11 March 2024 |publisher=US Securities and Exchange Commission}}</ref>
}}
'''Anheuser-Busch InBev SA/NV''' ({{IPA|nl-BE|ˈɑnɦɔizər ˈbuɕ ˈɪmbɛf}}), commonly known as '''AB InBev''',<ref>{{cite news | url=https://www.nytimes.com/2015/10/20/business/international/anheuser-busch-a-b-inbev-sabmiller.html | title=Anheuser-Busch InBev Aims Its Tax-Trimming Skills at SABMiller | work=The New York Times | date=20 October 2015 | last1=Kanter | first1=James | access-date=8 August 2022 | archive-date=21 September 2022 | archive-url=https://web.archive.org/web/20220921084309/https://www.nytimes.com/2015/10/20/business/international/anheuser-busch-a-b-inbev-sabmiller.html | url-status=live }}</ref><ref>{{cite news | url=https://www.bloomberg.com/news/articles/2019-09-16/ab-inbev-among-39-firms-targeted-by-new-eu-probe-on-belgian-tax | title=AB InBev Among 39 Firms Targeted as EU Probes Belgian Taxes | newspaper=Bloomberg.com | date=16 September 2019 | access-date=21 November 2022 | archive-date=17 April 2023 | archive-url=https://web.archive.org/web/20230417233931/https://www.bloomberg.com/news/articles/2019-09-16/ab-inbev-among-39-firms-targeted-by-new-eu-probe-on-belgian-tax | url-status=live }}</ref> is a US-Belgian-Brazilian [[Multinational corporation|multinational]] [[Drink industry|drink]] and [[brewing company|brewing]] company based in [[Leuven]], Belgium<ref>{{cite web |url=https://markets.ft.com/data/equities/tearsheet/summary?s=ABI:BRU |title=Anheuser-Busch Inbev SA, ABI:BRU summary - FT.com |publisher=Markets.ft.com |date=2021-10-13 |accessdate=2022-08-07 |archive-date=19 September 2019 |archive-url=https://web.archive.org/web/20190919005742/https://markets.ft.com/data/equities/tearsheet/summary?s=ABI:BRU |url-status=live }}</ref><ref>{{cite web |url=https://www.reuters.com/finance/stocks/company-profile/BUD |title=Anheuser Busch Inbev NV (BUD) Profile |newspaper=Reuters Finance |date=15 July 2018 |access-date=15 July 2018 |archive-date=15 July 2018 |archive-url=https://web.archive.org/web/20180715181613/https://www.reuters.com/finance/stocks/company-profile/BUD |url-status=live }}</ref><ref>{{cite web |url=https://money.cnn.com/quote/profile/profile.html?symb=BUD |title=Anheuser Busch Inbev NV (BUD) Profile |newspaper=CNN Money |date=15 July 2018 |access-date=15 July 2018 |archive-date=15 July 2018 |archive-url=https://web.archive.org/web/20180715183246/https://money.cnn.com/quote/profile/profile.html?symb=BUD |url-status=live }}</ref> and is the largest brewer in the world.<ref>{{cite web |last1=GRIBBINS |first1=Keith |title=The 40 biggest breweries in the world in 2021 |url=https://www.craftbrewingbusiness.com/business-marketing/the-40-biggest-breweries-in-the-world-in-2021/ |website=Craft Brewing Business |date=13 June 2022 |access-date=20 June 2023 |archive-date=20 June 2023 |archive-url=https://web.archive.org/web/20230620122403/https://www.craftbrewingbusiness.com/business-marketing/the-40-biggest-breweries-in-the-world-in-2021/ |url-status=live }}</ref> In 2023, the company was ranked 72nd in the [[Forbes Global 2000]].<ref>{{Cite web|language=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref> Additionally, AB InBev has a global functional management office in [[New York City]], and regional headquarters in [[São Paulo]], [[London]], [[St. Louis]], [[Mexico City]], [[Bremen]], [[Johannesburg]], and others.<ref>{{cite web |url=https://www.ab-inbev.com/our-locations.html |title=The AB InBev World |access-date=2 October 2018 |archive-date=22 October 2018 |archive-url=https://web.archive.org/web/20181022105114/http://www.ab-inbev.com/our-locations.html |url-status=live }}</ref> It has approximately 630 beer brands in 150 countries.<ref name=AR19>[https://www.ab-inbev.com/investors/annual-reports.html ''Annual Report 2020.''] {{Webarchive|url=https://web.archive.org/web/20200406141648/https://www.ab-inbev.com/investors/annual-reports.html |date=6 April 2020 }} Retrieved 6 April 2020.</ref>
AB InBev was formed through [[InBev]] acquiring the American company [[Anheuser-Busch]].<ref>{{cite news |title=InBev to buy Anheuser-Busch for $52 billion |url=https://www.nytimes.com/2008/07/14/business/worldbusiness/14iht-14beer.14460585.html |website=The New York Times |date=14 July 2008 |access-date=28 October 2018 |archive-date=28 October 2018 |archive-url=https://web.archive.org/web/20181028190245/https://www.nytimes.com/2008/07/14/business/worldbusiness/14iht-14beer.14460585.html |url-status=live }}</ref> Anheuser-Busch InBev SA/NV is a publicly listed company, with its primary listing on the Euronext Brussels. It has secondary listings on [[Mexican Stock Exchange|Mexico City Stock Exchange]], [[JSE Limited|Johannesburg Stock Exchange]], and [[New York Stock Exchange]].<ref>{{cite web|url=http://www.ab-inbev.com/investors/share-information/listings.html|title=Listings|website=www.ab-inbev.com|access-date=20 March 2017|archive-date=20 March 2017|archive-url=https://web.archive.org/web/20170320040244/http://www.ab-inbev.com/investors/share-information/listings.html|url-status=live}}</ref>
== History ==
===Formation===
==== Interbrew ====
{{Main|Interbrew}}
'''[[Interbrew]]''' was formed in 1987 from a merger of the two largest breweries in Belgium: [[Stella Artois#History|Artois]] and [[Piedboeuf Brewery|Piedboeuf]]. The Artois brewery, previously known as ''Den Hoorn'', was established by 1366 and the Piedboeuf brewery was established by 1812.
Interbrew then acquired a number of local breweries in Belgium. By 1991, the second phase of targeted external growth began outside Belgium. The first transaction in this phase took place in Hungary, followed in 1995 by the acquisition of [[Labatt Brewing Company]] (founded 1847), the largest brewer in Canada, and then in 1999 by a joint venture with Sun in Russia.
In 2000, Interbrew acquired Bass and Whitbread in the UK.<ref>{{Cite news |last1=Carreyrou |first1=John |last2=BeckStaff |first2=Ernest |date=15 June 2000 |title=Interbrew to Buy Bass Operations, Creating the World's No. 2 Brewer |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/SB960982909300652138 |url-status=live |access-date=7 August 2020 |archive-url=https://web.archive.org/web/20201203115943/https://www.wsj.com/articles/SB960982909300652138 |archive-date=3 December 2020 |issn=0099-9660}}</ref> They then acquired a number of German breweries: [[Diebels]]<ref>{{Cite news |last=Bilefsky |first=Dan |date=30 July 2001 |title=Interbrew Takes 80% Stake in Diebels, Breaking Into Germany's Beer Market |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/SB996429567508615643 |url-status=live |access-date=7 August 2020 |archive-url=https://web.archive.org/web/20220510113704/https://www.wsj.com/articles/SB996429567508615643 |archive-date=10 May 2022 |issn=0099-9660}}</ref> and [[Beck's Brewery|Beck's & Co.]] (founded 1873, the maker of the world's top selling German beer) in 2001,<ref>{{Cite news |last=Bilefsky |first=Dan |date=7 August 2001 |title=Interbrew to Buy Beck's Brewer In Bid to Dominate Beer Market |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/SB997086207628157751 |url-status=live |access-date=7 August 2020 |archive-url=https://web.archive.org/web/20220510113704/https://www.wsj.com/articles/SB997086207628157751 |archive-date=10 May 2022 |issn=0099-9660}}</ref> the Gilde Group in 2002,<ref>{{cite web |date=18 November 2002 |title=Interbrew extends German presence with Gilde acquisition |url=https://www.beveragedaily.com/Article/2002/11/18/Interbrew-extends-German-presence-with-Gilde-acquisition |url-status=live |archive-url=https://web.archive.org/web/20200922074945/https://www.beveragedaily.com/Article/2002/11/18/Interbrew-extends-German-presence-with-Gilde-acquisition |archive-date=22 September 2020 |access-date=7 August 2020 |website=Beverage Daily |language=en-GB}}</ref> and [[Spaten-Franziskaner-Bräu|Spaten]] in 2003.
In 2002 Interbrew also acquired stakes in the K.K. Brewery and the Zhujiang Brewery, strengthening its position in China.
Interbrew operated as a family-owned business until December 2000. At this point it organized an initial public offering, becoming a publicly owned company trading on the Euronext stock exchange (Brussels, Belgium).
==== AmBev ====
{{Main|AmBev}}
'''[[Ambev|AmBev]]''' (short for America Beverages, formally ''Companhia de Bebidas das Américas'', [[Portuguese language|Portuguese]] for "Beverages Company of the Americas") is a Brazilian beverages company formed in 1999 with the merger of the two biggest Brazilian brewers, Antarctica (founded in 1880) and [[Brahma beer|Brahma]] (founded in 1886). The organization's headquarters are in São Paulo, Brazil. As an independent operator it's the largest beer company by market capitalization in Brazil and in the [[Southern hemisphere]].
Ambev operates in 18 countries in the Americas<ref name="ABV21">{{Cite web |title=Where we operate |url=https://ri.ambev.com.br/wp-content/themes/mziq_ambev_ri/mapa-interativo/index_en.html |access-date=June 16, 2022 |website=Ambev IR |archive-date=9 November 2022 |archive-url=https://web.archive.org/web/20221109215518/https://ri.ambev.com.br/wp-content/themes/mziq_ambev_ri/mapa-interativo/index_en.html |url-status=live }}</ref> and its products include beers such as Antarctica, Bogotá Beer Company, [[Brahma (beer)|Brahma]], Bohemia, [[Stella Artois]] and soft drinks like [[Guaraná Antarctica]], Soda Antarctica, Sukita and the innovations H2OH! and Guarah.
The subsidiary is listed on [[B3 (stock exchange)|B3]], the São Paulo stock exchange, and on the [[New York Stock Exchange]].
==== InBev ====
{{Main|InBev}}
In 2004, Interbrew and AmBev [[Mergers and acquisitions|merged]], creating [[InBev]].<ref>{{cite web |date=3 March 2004 |title=Interbrew buys AmBev and becomes world's number one |url=http://www.beveragedaily.com/news/ng.asp?id=50355-interbrew-buys-ambev |url-status=live |archive-url=https://web.archive.org/web/20080213164030/http://www.beveragedaily.com/news/ng.asp?id=50355-interbrew-buys-ambev |archive-date=13 February 2008 |access-date=9 February 2008 |work=Beverage Daily}}</ref>
While its core business is beer, the company also had a strong presence in the [[soft drink]] market in Latin America. It employed about 86,000 people and was headquartered in Leuven, Belgium, where Anheuser-Busch InBev is based.
InBev employed close to 89,000 people, running operations in over 30 countries across the Americas, Europe and Asia Pacific. In 2007, InBev realized 14.4 billion euro of revenue.
In 2006 InBev increased to 91% its share of [[Cerveza Quilmes]], the largest beer manufacturer in Argentina.<ref>[https://www.clarin.com/ediciones-anteriores/cerveza-quilmes-paso-totalmente-manos-brasilenas_0_S1N-CUSk0Yx.html La cerveza Quilmes ya pasó a estar totalmente en manos brasileñas] {{Webarchive|url=https://web.archive.org/web/20221021224509/https://www.clarin.com/ediciones-anteriores/cerveza-quilmes-paso-totalmente-manos-brasilenas_0_S1N-CUSk0Yx.html|date=21 October 2022}} at ''Clarín'', 14 Apr 2006</ref>
In 2007 InBev bought [[Lakeport Brewing Company]], the largest discount brewer in Canada.<ref>{{cite news |author=Keith McArther |title=Labatt to swallow Lakeport |publisher=The Globe and Mail |location=Toronto |url=https://www.theglobeandmail.com/servlet/story/LAC.20070202.RLAKEPORT02/TPStory/Business |accessdate=2007-02-01}}</ref>
The Interbrew and AmBev merger was valued at $11.5 billion, and consolidated the top brands from Belgium, Canada, Germany and Brazil.<ref>{{cite web |title=Carlos Brito: (Brew)master of the universe |url=http://fortune.com/2013/08/15/carlos-brito-brewmaster-of-the-universe/ |url-status=live |archive-url=https://web.archive.org/web/20150402191353/http://fortune.com/2013/08/15/carlos-brito-brewmaster-of-the-universe/ |archive-date=2 April 2015 |access-date=2 April 2015 |work=Fortune}}</ref>
The merger combined the third largest brewing company in the world (Interbrew) and fifth largest (Ambev) into the world's No.1 beermaker. Before the merger, [[Heineken International]] was in fourth place, [[SABMiller]] was in second place, and [[Anheuser-Busch]] had been the largest.
==== Anheuser-Busch InBev ====
{{Main|Anheuser-Busch}}
[[File:Anheuser-Busch InBev - logo (Belgium, 2016-2022).svg|thumb|200px|Original AB InBev logo, used from 2008 to 2022.]]
{{multiple image
| align             =
| total_width       = 280
| image1            = Budweiser, Beck’s 2012.jpg
| image2            = Corona Extra beer bottle (2019).png
| image3            = Can_of_Stella_Artois.jpg
| footer            = Budweiser, Beck's, Corona, and Stella Artois. Some brands of the extensive AB InBev portfolio
}}
In 2008, InBev acquired [[Anheuser-Busch]], creating Anheuser-Busch InBev (AB InBev), expanding on InBev's previous status as the world's largest brewer, creating one of the top five consumer products companies in the world. Under the terms of the merger agreement, all shares of Anheuser-Busch were acquired for US$70 per share in cash, for an aggregate of US$52 billion.<ref name="ab-inbev.com">{{cite web |title=Home |url=http://www.ab-inbev.com/ |url-status=live |archive-url=https://web.archive.org/web/20151202082700/http://www.ab-inbev.com/ |archive-date=2 December 2015 |access-date=19 November 2008 |publisher=ab-inbev.com}}</ref>
Anheuser-Busch was established in 1852 in St. Louis, Missouri, US as ''Anheuser & Co.'' It is the largest brewing company in the United States and employs over 30,000 people. It was the world's largest brewing company based on [[revenue]], but third in brewing volume, before the acquisition by [[InBev]] announced 13 July 2008. The division operated 12 breweries in the United States and 17 others overseas.
Anheuser-Busch's best-known beers included brands such as [[Budweiser]], the [[Busch Beer|Busch]] (originally known as Busch Bavarian Beer) and [[Michelob]] families, and [[Natural Light]] and [[Natural Ice|Ice]]. The company also produced a number of smaller-volume and specialty beers, nonalcoholic brews like Budweiser Prohibition which made its first appearance in Canadian markets in 2016,<ref>{{cite web |last=Taylor |first=Kate |title=Budweiser is launching a new beer that's missing the one thing that consumers love |url=https://www.businessinsider.com/budweiser-debuts-new-non-alcoholic-beer-2016-5 |url-status=live |archive-url=https://web.archive.org/web/20190110234952/https://www.businessinsider.com/budweiser-debuts-new-non-alcoholic-beer-2016-5 |archive-date=10 January 2019 |access-date=10 January 2019 |website=Business Insider}}</ref> [[malt liquor]]s (King Cobra and the Hurricane family), and flavored [[malt beverage]]s (e.g., [[Tequiza]]).
=== Acquisitions / Sales ===
=== Parks & Resorts ===
Anheuser-Busch had been one of the largest theme park operators in the United States with ten parks throughout the United States. In October 2009, AB InBev announced the sale of its [[Busch Entertainment]] theme park division to [[The Blackstone Group]] for $2.7 billion. The company had been investigating a sale of Busch Entertainment since the merger with AB InBev.<ref>[http://www.marketwatch.com/story/blackstone-buys-a-b-inbevs-theme-parks-for-27b-2009-10-07 Blackstone to buy A-B InBev's theme parks for $2.7 billion] {{Webarchive|url=https://web.archive.org/web/20180915094804/https://www.marketwatch.com/story/blackstone-buys-a-b-inbevs-theme-parks-for-27b-2009-10-07|date=15 September 2018}}.  MarketWatch, 7 October 2009</ref><ref>[https://www.boston.com/business/articles/2008/07/16/inbev_may_sell_us_theme_parks/ InBev may sell US theme parks].  Boston Globe, 16 July 2008</ref>
==== Cervecería Nacional Dominicana ====
In 2012, AB InBev bought a 51% stake of [[Cervecería Nacional Dominicana]], a beer producer in the Dominican Republic which was the largest in the Antilles and Central America.<ref>{{cite news |date=16 April 2012 |title=AmBev to buy control of Dominican brewer CND |agency=reuters.com |url=https://www.reuters.com/article/abinbev-idUSL6E8FG9DZ20120416 |url-status=live |accessdate=8 May 2012 |archive-url=https://web.archive.org/web/20120429064929/http://www.reuters.com/article/2012/04/16/abinbev-idUSL6E8FG9DZ20120416 |archive-date=29 April 2012}}</ref>
==== Grupo Modelo ====
In 2013 the company bought [[Grupo Modelo]], Mexico's leading brewer and owner of the [[Corona (beer)|Corona]] brand. This transaction was valued at US$20.1 billion. To satisfy US anti-trust demands, on 7 June 2013 AB InBev sold its Grupo Modelo’s US business, including Grupo Modelo’s brand naming rights and one of the breweries in Piedras Negras in Mexico, for approx. US$4.75 billion to [[Constellation Brands]], a competitor of AB Inbev in some beverage sectors.<ref name="FR2014">{{cite web |title=Financial Report 2014 |url=http://www.ab-inbev.com/content/dam/universaltemplate/abinbev/pdf/investors/annual-and-hy-reports/2014/AB_InBev_AR14_EN_financial.pdf |url-status=live |archive-url=https://web.archive.org/web/20150420171510/http://www.ab-inbev.com/content/dam/universaltemplate/abinbev/pdf/investors/annual-and-hy-reports/2014/AB_InBev_AR14_EN_financial.pdf |archive-date=20 April 2015 |access-date=20 May 2015 |publisher=Anheuser-Busch InBev}}</ref>
==== Oriental Brewery ====
On 1 April 2014, AB Inbev completed the re-acquisition of the [[Oriental Brewery]] (OB), which it had sold in July 2009. OB is the largest brewer in [[South Korea]]. Its ''CASS'' brand is the best-selling beer in South Korea. All beers produced by OB are brewed using rice.<ref>{{cite web |title=Global Press Release Archive |url=http://www.ab-inbev.com/press_releases/hugin_pdf%5C604218.pdf |url-status=live |archive-url=https://web.archive.org/web/20140523010630/http://www.ab-inbev.com/press_releases/hugin_pdf%5C604218.pdf |archive-date=23 May 2014 |access-date=22 May 2014 |work=AB-InBev}}</ref>
==== Bud Analytics Lab ====
In 2013, AB InBev opened its Bud Analytics Lab in [[Research Park, University of Illinois at Urbana-Champaign]], which develops data research and innovation to solve problems ranging from assortment optimization, social media, and market trends to large scale data initiatives.<ref>{{Cite journal |date=9 September 2013 |title=A-B InBev goes back to school with data lab |url=http://search.ebscohost.com/login.aspx?direct=true&db=ulh&AN=90234081&site=ehost-live&scope=site |url-status=live |journal=Advertising Age |volume=84 |issue=31 |page=5 |archive-url=https://web.archive.org/web/20230417233942/https://search.ebscohost.com/login.aspx?direct=true&db=ulh&AN=90234081&site=ehost-live&scope=site |archive-date=17 April 2023 |access-date=21 October 2017 |via=EBSCOhost}}</ref>
==== SABMiller ====
{{Main|SABMiller}}
On 13 October 2015, Anheuser-Busch InBev made a bid of £70 billion, (US$107 billion when the deal closed), or £44 per share, for its largest rival, the South African company [[SABMiller]], which if approved would give the company a third of the global market share for beer sales and a half of the global profit.<ref>{{cite news |date=13 October 2015 |title=Beer giants AB InBev and SABMiller agree takeover terms |work=BBC News |url=https://www.bbc.co.uk/news/business-34513520 |url-status=live |access-date=21 June 2018 |archive-url=https://web.archive.org/web/20180820050708/https://www.bbc.co.uk/news/business-34513520 |archive-date=20 August 2018}}</ref><ref>{{Cite news |title=The beerhemoth |newspaper=[[The Economist]] |url=https://www.economist.com/news/business/21674381-sabmiller-ab-inbevs-toughest-takeover-yet-it-may-not-be-its-last-beerhemoth |url-status=live |access-date=20 October 2015 |archive-url=https://web.archive.org/web/20151019041940/http://www.economist.com/news/business/21674381-sabmiller-ab-inbevs-toughest-takeover-yet-it-may-not-be-its-last-beerhemoth |archive-date=19 October 2015 |issn=0013-0613}}</ref> The company had previously offered £38, £40, £42.15, £43.50 per share respectively, but each of these had been turned down.<ref>{{cite news |date=12 October 2015 |title=AB InBev makes higher offer for SABMiller |work=BBC News |url=https://www.bbc.co.uk/news/business-34505589 |url-status=live |access-date=21 June 2018 |archive-url=https://web.archive.org/web/20181102062527/https://www.bbc.co.uk/news/business-34505589 |archive-date=2 November 2018}}</ref><ref>{{cite web |date=12 October 2015 |title=AB InBev Lifts SABMiller Takeover Proposal to $103.6 Billion |url=https://www.bloomberg.com/news/articles/2015-10-12/ab-inbev-raises-sabmiller-takeover-proposal-to-103-6-billion |url-status=live |archive-url=https://web.archive.org/web/20160828122751/http://www.bloomberg.com/news/articles/2015-10-12/ab-inbev-raises-sabmiller-takeover-proposal-to-103-6-billion |archive-date=28 August 2016 |access-date=5 March 2017 |publisher=[[Bloomberg News]]}}</ref><ref>{{cite web |date=7 October 2015 |title=AB InBev makes $104 billion bid for rival brewer SABMiller |url=https://www.reuters.com/article/us-sabmiller-m-a-ab-inbev-idUSKCN0S10FD20151007 |url-status=live |archive-url=https://web.archive.org/web/20210615173932/https://www.reuters.com/article/us-sabmiller-m-a-ab-inbev-idUSKCN0S10FD20151007 |archive-date=15 June 2021 |access-date=6 July 2021 |work=[[Reuters]]}}</ref>
SABMiller accepted the bid [[Agreement in principle|in principle]], but consummation of the deal required [[antitrust]] approval by regulatory agencies.<ref>{{Cite news |date=25 May 2016 |title=European Regulators Approve Anheuser-Busch InBev-SABMiller Merger |newspaper=New York Times |url=https://www.nytimes.com/2016/05/25/business/dealbook/european-regulators-approve-anheuser-busch-inbev-sabmiller-merger.html?_r=0 |url-status=live |access-date=25 May 2016 |archive-url=https://web.archive.org/web/20160529003234/http://www.nytimes.com/2016/05/25/business/dealbook/european-regulators-approve-anheuser-busch-inbev-sabmiller-merger.html?_r=0 |archive-date=29 May 2016}}</ref> In 2015, the [[U.S. Department of Justice]] (DOJ) had agreed to the deal only on the basis that SABMiller "spins off all its MillerCoors holdings in the U.S.—which include both Miller- and Coors-held brands—along with its Miller brands outside the U.S." The entire ownership situation was complicated: "In the United States, Coors is majority-owned by MillerCoors (a subsidiary of SABMiller) and minority-owned by Molson Coors, though internationally it's entirely owned by Molson Coors, and Miller is owned by SABMiller."<ref>{{cite web |last=Nurin |first=Tara |date=20 July 2016 |title=DOJ Approves Largest Beer Merger In Global History, With Significant Conditions |url=https://www.forbes.com/sites/taranurin/2016/07/20/doj-approves-largest-beer-merger-in-global-history/#1c050c1a21ab |url-status=live |archive-url=https://web.archive.org/web/20170126232302/http://www.forbes.com/sites/taranurin/2016/07/20/doj-approves-largest-beer-merger-in-global-history/#1c050c1a21ab |archive-date=26 January 2017 |access-date=29 January 2017 |website=[[Forbes]]}}</ref>
The merger (AB InBev acquisition of SABMiller), closed on 10 October 2016. The new company is called Anheuser-Busch InBev SA/NV (AB InBev), based in Leuven, Belgium and listed on [[Euronext]] (Euronext: ABI), with secondary listings on the Mexico (MEXBOL: ABI) and South Africa (JSE: ANH) stock exchanges and with [[American Depositary Receipts]] on the New York Stock Exchange (NYSE: BUD).<ref>{{cite web |date=22 March 2017 |title=AB INBEV |url=https://www.euronext.com/en/products/equities/BE0974293251-XBRU |url-status=live |archive-url=https://web.archive.org/web/20171231051637/https://www.euronext.com/en/products/equities/BE0974293251-XBRU |archive-date=31 December 2017 |access-date=22 March 2017 |website=EURONEXT |quote=ABI on Brussels Stock Exchange}}</ref>
SABMiller ceased trading on global stock markets and divested itself of its interests in the MillerCoors beer company to Molson Coors.<ref name="Dill">{{cite web |last=Dill |first=Molly |date=10 October 2016 |title=Anheuser-Busch to complete acquisition of SABMiller today |url=https://www.biztimes.com/2016/10/10/anheuser-busch-to-complete-acquisition-of-sabmiller-today/ |url-status=live |archive-url=https://web.archive.org/web/20170202114819/https://www.biztimes.com/2016/10/10/anheuser-busch-to-complete-acquisition-of-sabmiller-today/ |archive-date=2 February 2017 |access-date=31 January 2017 |website=BizTimes |publisher=BizTimes Media LLC}}</ref><ref name="Nurin">{{cite web |last=Nurin |first=Tara |date=10 October 2016 |title=It's Final: AB InBev Closes on Deal to Buy SABMiller |url=https://www.forbes.com/sites/taranurin/2016/10/10/its-final-ab-inbev-closes-on-deal-to-buy-sabmiller/#2e3a6d8f37d6 |url-status=live |archive-url=https://web.archive.org/web/20170203010314/http://www.forbes.com/sites/taranurin/2016/10/10/its-final-ab-inbev-closes-on-deal-to-buy-sabmiller/#2e3a6d8f37d6 |archive-date=3 February 2017 |access-date=1 February 2017 |website=Forbes |quote=SABMiller ceased trading on global stock markets last week}}</ref>
The new AB InBev entity is the world's largest beer company. Estimated annual sales are US$55 billion and the company will have an estimated global market share of 28 percent, according to Euromonitor International.<ref name="Brown">{{cite news |last=Brown |first=Lisa |date=11 October 2016 |title=A-B InBev finalizes $100B billion acquisition of SABMiller, creating world's largest beer company |newspaper=Chicago Tribune |url=http://www.chicagotribune.com/business/ct-megabrew-ab-inbev-sabmiller-merger-20161010-story.html |url-status=live |access-date=29 January 2017 |archive-url=https://web.archive.org/web/20191115132552/https://www.chicagotribune.com/business/ct-megabrew-ab-inbev-sabmiller-merger-20161010-story.html |archive-date=15 November 2019}}</ref>
As per the agreement with the regulators, the former SABMiller sold to [[Molson Coors]] full ownership of the Miller brand portfolio outside of the U.S. and Puerto Rico for US$12 billion. Molson Coors also retained "the rights to all of the brands currently in the MillerCoors portfolio for the U.S. and Puerto Rico, including Redd's and import brands such as Peroni, Grolsch and Pilsner Urquell." The agreement made Molson Coors the world's third-largest brewer.<ref>{{cite web |author=<!--Staff writer(s); no by-line.--> |date=11 October 2016 |title=Molson Coors Completes Acquisition of Full Ownership of MillerCoors and Global Miller Brand Portfolio |url=http://www.molsoncoors.com/en/news/molson-coors-completes-acquisition-of-millercoors-and-global-miller-brand-portfolio |url-status=dead |archive-url=https://web.archive.org/web/20170202043334/http://www.molsoncoors.com/en/news/molson-coors-completes-acquisition-of-millercoors-and-global-miller-brand-portfolio |archive-date=2 February 2017 |access-date=29 January 2017 |website=Molson Coors |quote=Becomes World's Third Largest Brewer by Enterprise Value and Strengthens Position in Highly Attractive U.S. Beer Market}}</ref>
In Canada, Molson Coors regained the right to make and market Miller Genuine Draft and [[Miller Lite]] from the former SABMiller.<ref>{{cite news |last=Wright |first=Lisa |date=11 November 2015 |title=Molson Coors doubles with $12B Miller buyout |newspaper=[[Toronto Star]] |location=Toronto |url=https://www.thestar.com/business/2015/11/11/molson-coors-doubles-with-12b-miller-buyout.html |url-status=live |access-date=29 January 2017 |archive-url=https://web.archive.org/web/20170202060154/https://www.thestar.com/business/2015/11/11/molson-coors-doubles-with-12b-miller-buyout.html |archive-date=2 February 2017}}</ref>
After the formation of Anheuser Busch Inbev SA/NV (AB InBev), the Company owned 630 beer brands<ref name="AR19" /> including [[Budweiser]] and [[Bud Light]], [[Corona (beer)|Corona]], [[Stella Artois]], [[Beck's]], [[Leffe]], [[Hoegaarden Brewery|Hoegaarden]], [[Cerveza Quilmes|Quilmes]], [[Victoria Bitter|Victoria]], [[Modelo Especial]], [[Michelob Ultra]], Sedrin, [[AB InBev brands|Klinskoye]], [[Sibirskaya Korona]], [[Chernigivske]], [[Oriental Brewery|Cass]] and [[Jupiler]] until some were spun off. Anheuser Busch Company also owns a soft drinks business that has bottling contracts with [[PepsiCo]] through its subsidiary, [[Ambev]].<ref>{{cite web |author=<!--Staff writer(s); no by-line.--> |date=27 January 2017 |title=Stocks – Anheuser Busch Inbev NV (ABI.BR) |url=http://uk.reuters.com/business/quotes/overview?symbol=ABI.BR |url-status=dead |archive-url=https://web.archive.org/web/20150924170421/http://uk.reuters.com/business/quotes/overview?symbol=ABI.BR |archive-date=24 September 2015 |access-date=1 February 2017 |website=Reuters Business |publisher=Thomson Reuters |quote=ABI.BR on Brussels Stock Exchange}}</ref> In December 2016, [[Coca-Cola]] Co. bought many of the former SABMiller's Coca-Cola operations, including those in Africa.<ref name="Jarvis">{{cite web |last=Jarvis |first=Paul |date=21 December 2016 |title=Coca-Cola Buys AB InBev Out of Africa Unit for $3.2 Billion |url=https://www.bloomberg.com/news/articles/2017-02-01/super-bowl-advertisers-avoid-presidential-elephant-in-the-room |url-status=live |archive-url=https://web.archive.org/web/20170201113638/https://www.bloomberg.com/news/articles/2017-02-01/super-bowl-advertisers-avoid-presidential-elephant-in-the-room |archive-date=1 February 2017 |access-date=1 February 2017 |website=Bloomberg News |publisher=Bloomberg |quote=Coca-Cola Co. will pay $3.15 billion to buy Anheuser-Busch InBev NV out of an African bottling joint venture ... Coca-Cola also agreed to buy AB InBev's interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and Honduras for an undisclosed sum.}}</ref><ref>{{cite web |author=Trefis Team |date=22 December 2016 |title=Here's How AB InBev Trimmed Business to Make Room for SABMiller |url=https://www.trefis.com/stock/bud/articles/392438/heres-how-ab-inbev-trimmed-business-to-make-room-for-sabmiller/2016-12-22 |url-status=live |archive-url=https://web.archive.org/web/20170206022219/https://www.trefis.com/stock/bud/articles/392438/heres-how-ab-inbev-trimmed-business-to-make-room-for-sabmiller/2016-12-22 |archive-date=6 February 2017 |access-date=5 February 2017 |website=Trefis |publisher=Insight Guru Inc. |quote=Recently, Coca-Cola also announced that it has agreed to buy AB InBev's stake in Coca-Cola Beverages Africa for $3.15 billion, a stake AB InBev got by virtue of acquiring SABMiller. While AB InBev has had to divest a lot of SABMiller's interests in the U.S., China, and Europe, this is consistent with the brewer's apparent strategy to go after growth in emerging markets, and in particular, Africa.}}</ref>
As part of the agreements made with regulators before Anheuser-Busch InBev was allowed to acquire SABMiller, the company sold the Peroni, Meantime and Grolsch brands to Asahi on 13 October 2016.<ref>{{cite web |last=Evison |first=James |date=12 October 2016 |title=Asahi Completes acquisition of Miller Brands U.K. |url=http://www.morningadvertiser.co.uk/Drinks/Beer/Asahi-compeletes-Peroni-Meantime-Grolsch-deal |url-status=live |archive-url=https://web.archive.org/web/20170908203047/http://www.morningadvertiser.co.uk/Drinks/Beer/Asahi-compeletes-Peroni-Meantime-Grolsch-deal |archive-date=8 September 2017 |access-date=3 February 2017 |website=Morning Advertiser |publisher=William Reed Business Media}}</ref><ref>{{cite web |date=13 December 2016 |title=Asahi Completes acquisition of Miller Brands U.K. |url=http://fortune.com/2016/12/13/asahi-ab-inbev-beer-deal/ |url-status=live |archive-url=https://web.archive.org/web/20170202002615/http://fortune.com/2016/12/13/asahi-ab-inbev-beer-deal/ |archive-date=2 February 2017 |access-date=3 February 2017 |website=Fortune}}</ref>
After acquiring SABMiller, Anheuser-Busch InBev SA/NV agreed on 21 December 2016 to sell the former SABMiller Ltd. business in Poland, the Czech Republic, Slovakia, Hungary and Romania to [[Asahi Breweries]] Group Holdings, Ltd. for US$7.8 billion. The deal includes popular brands such as [[Pilsner Urquell]], [[Tyskie]], [[Lech Browary Wielkopolski|Lech]], [[Dreher Breweries|Dreher]] and [[Ursus Breweries|Ursus]].<ref>{{cite web |author=<!--Staff writer(s); no by-line.--> |date=February 2017 |title=Asahi Group to buy InBev beer brands for $7.8bn |url=https://www.financierworldwide.com/asahi-group-to-buy-inbev-beer-brands-for-78bn/#.WJKu_VMrLX4 |url-status=live |archive-url=https://web.archive.org/web/20201214085717/https://www.financierworldwide.com/asahi-group-to-buy-inbev-beer-brands-for-78bn#.WJKu_VMrLX4 |archive-date=14 December 2020 |access-date=1 February 2017 |website=Financier Worldwide}}</ref><ref name="bloomberg1">{{cite web |author=<!--Staff writer(s); no by-line.--> |date=21 December 2016 |title=Anheuser-Busch InBev to Sell Former SABMiller's Central and Eastern European Business to Asahi |url=https://www.bloomberg.com/news/articles/2016-12-21/coca-cola-to-buy-ab-inbev-stake-in-africa-unit-for-3-2-billion |url-status=live |archive-url=https://web.archive.org/web/20170117130839/https://www.bloomberg.com/news/articles/2016-12-21/coca-cola-to-buy-ab-inbev-stake-in-africa-unit-for-3-2-billion |archive-date=17 January 2017 |access-date=1 February 2017 |website=Bloomberg News |publisher=Bloomberg}}</ref>
In August 2017, the company announced the formation of a 50–50 [[joint venture]] with [[Anadolu Efes]], by merging both of their operations in Russia-with the entity to be known as AB InBev-Efes. AB InBev owns 24 percent of Anadolu Efes from its SABMiller acquisition, with the joint venture being consolidated in Anadolu Efes books, whilst being treated as an equity investment by AB InBev.<ref>{{cite web |date=9 August 2017 |title=AB InBev, Efes to merge Russian operations as sales slide |url=https://uk.reuters.com/article/uk-ab-inbev-m-a-anado-efes-malt-idUKKBN1AP0LQ |url-status=dead |archive-url=https://web.archive.org/web/20181215225020/https://uk.reuters.com/article/uk-ab-inbev-m-a-anado-efes-malt-idUKKBN1AP0LQ |archive-date=15 December 2018 |access-date=12 December 2018 |publisher=Reuters}}</ref>
====Recent history====
On 21 July 2017, Anheuser-Busch InBev continued its investment in the non-alcohol beverage sector with the purchase of energy drink company Hiball.<ref>{{cite web |date=21 July 2017 |title=AB InBev expands non-alcohol portfolio with Hiball acquisition |url=http://www.foodbev.com/news/ab-inbev-expands-non-alcohol-portfolio-hiball-acquisition/ |url-status=live |archive-url=https://web.archive.org/web/20170807023137/http://www.foodbev.com/news/ab-inbev-expands-non-alcohol-portfolio-hiball-acquisition/ |archive-date=7 August 2017 |access-date=6 August 2017 |website=FoodBev Media}}</ref>
In December 2018, Anheuser-Busch InBev partnered with cannabis producer [[Tilray]] to begin researching cannabis infused non-alcoholic beverages with Tilray subsidiary, High Park Company.<ref>{{Cite news |date=19 December 2018 |title=Brewer AB InBev partners with Tilray to tap cannabis drink market |language=en |work=Reuters |url=https://www.reuters.com/article/us-ab-inbev-tilray-beverages-idUSKCN1OI2M4 |url-status=live |access-date=10 January 2019 |archive-url=https://web.archive.org/web/20190109133009/https://www.reuters.com/article/us-ab-inbev-tilray-beverages-idUSKCN1OI2M4 |archive-date=9 January 2019}}</ref>
At the end of 2019, total liabilities amounted to US$95.5 billion. Net debt to normalized EBITDA decreased to 4.0×. [[Goodwill (accounting)|Goodwill]] reached US$128.114 billion, which compares with revenues of US$52.329 billion in 2019.<ref name="AR19" /> For this deleveraging, the dividend for 2018 in EUR was cut in half compared with 2017.<ref name="PRFY18">{{cite press release |url=https://www.ab-inbev.com/content/dam/universaltemplate/ab-inbev/investors/reports-and-filings/quaterly-reports/2019/FY18-Press-Release-Final-EN.pdf |title=Anheuser-Busch InBev reports fourth quarter and full year 2018 results |publisher=AB Inbev |date=28 February 2019 |access-date=9 March 2019 |archive-date=26 July 2020 |archive-url=https://web.archive.org/web/20200726041333/https://www.ab-inbev.com/content/dam/universaltemplate/ab-inbev/investors/reports-and-filings/quaterly-reports/2019/FY18-Press-Release-Final-EN.pdf |url-status=live}}</ref>
On 8 August 2023 Anheuser-Busch sold off several brands to [[Tilray]]. These included  [[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.<ref>{{cite web |last1=Notheis |first1=Asher |date=August 8, 2023 |title=Bud Light owner Anheuser-Busch to sell eight labels to cannabis company |url=https://www.washingtonexaminer.com/news/bud-light-owner-sell-eight-labels-cannabis-company |access-date=16 August 2023 |website=[[Washington Examiner]] |archive-date=16 August 2023 |archive-url=https://web.archive.org/web/20230816182556/https://www.washingtonexaminer.com/news/bud-light-owner-sell-eight-labels-cannabis-company |url-status=live }}</ref>
In November 2023, the company began a [[Share repurchase|buyback]] of shares-it is planned to buy up to 20% of the [[issued share capital]]. The annual buyback program is up to $1 billion.<ref>{{Cite web|language=en|url=https://www.marketscreener.com/quote/stock/ANHEUSER-BUSCH-INBEV-SA-N-31571356/news/Anheuser-Busch-InBev-SA-NV-commences-an-Equity-Buyback-for-20-of-its-issued-share-capital-under-th-45425834/|title=Anheuser-Busch InBev SA/NV commences an Equity Buyback for 20% of its issued share capital, under the authorization approved on April 28, 2021|website=MarketScreener|date=21 November 2023 |access-date=2024-02-27|archive-date=2024-02-28|archive-url=https://web.archive.org/web/20240228024309/https://www.marketscreener.com/quote/stock/ANHEUSER-BUSCH-INBEV-SA-N-31571356/news/Anheuser-Busch-InBev-SA-NV-commences-an-Equity-Buyback-for-20-of-its-issued-share-capital-under-th-45425834/}}</ref>
=== Diagram ===
The following is a diagram of AB InBev's major mergers and acquisitions and historical predecessors.
{{clade | style=font-size:90%;line-height:100% |thickness=0
|label1=<span style="font-size:100%;">'''Anheuser-Busch InBev'''<br/><small>(Belgium)</small></span>
|1= {{clade
|label1=
|1= {{clade
|label1=[[Grupo Modelo]]<br/><small>(Est 1922, Acq 2012 - Mexico)</small>
|1= {{clade
}}
|label2=Anheuser-Busch InBev<br/><small>(Est 2008 - Belgium)</small>
|2= {{clade
|label1=[[InBev]]<br/><small>(Merged 2004 - Belgium)</small>
|1= {{clade
|label1=[[Interbrew]]<br/><small>(Merged 1988 - Belgium)</small>
|1= {{clade
|label1=
|1= {{clade
|1=[[Stella Artois|Brouwerij Artois]]<br/><small>(Est 1366, Named ''Artois'' 1717 - Belgium)</small>
|2=[[Piedboeuf Brewery]]<br/><small>(Est 1812 - Belgium)</small>
}}
|2=[[Labatt Brewing Company]]<br/><small>(Est 1847, Acq 1995 - Canada)</small>
|3=[[Beck's Brewery|Beck's & Co.]]<br/><small>(Est 1873, Acq 2001 - Germany)</small>
|4=[[Lakeport Brewing Company]]<br/><small>(Est 1992, Acq 2007 - Canada)</small>
}}
|label2=[[AmBev]]<br/><small>(Merged 1999 - Brazil)</small>
|2= {{clade
|label1=
|1= {{clade
|1=Companhia Antarctica Paulista<br/><small>(Est 1880 - Brazil)</small>
|2=[[Brahma beer|Companhia Cervejaria Brahma]]<br/><small>(Est 1886 - Brazil)</small>
}}
|2=[[Cerveza Quilmes|Cervecería y Maltería Quilmes]]<br/><small>(Est 1890, Acq 2006 - Argentina)</small>
|3=[[Cervecería Nacional Dominicana]]<br/><small>(Est 1929, Acq 2012 - Dominican Republic)</small>
}}
}}
|label2=[[Anheuser-Busch]]<br/><small>(Est 1852, Acq 2008 - United States)</small>
|2= {{clade
}}
}}
}}
|label2=
|2= {{clade
|label1=[[SABMiller]]<br/><small>(Est 1895, Acq 2016 - South Africa)</small>
|1= {{clade
|label1=
|1= {{clade
|1=[[South African Breweries]]<br/><small>(Est 1895, Acq 1947 - South Africa)</small>
|2=[[Foster's Group]]<br/><small>(Est 1888, Acq 2011 - Australia)</small>
}}
|2=[[Meantime Brewery]]<br/><small>(Est 1999, Acq 2015, sold 2016 - England)</small>
}}
}}
}}
}}
==Ownership==
Anheuser-Busch InBev is controlled by Belgian families Vandamme, de Mévius and de [[House of Spoelberch|Spoelberch]], who as of 2015 owned a combined 28.6% of the company, and Brazilian investors [[Jorge Paulo Lemann]], [[Carlos Alberto Sicupira]] and [[Marcel Telles]], who owned 22.7% through their private investment firm [[3G Capital]].<ref>{{cite web |date=9 October 2015 |title=The Megabrew takeover – a tale of beers, billions and blue bloods |url=https://www.theguardian.com/business/2015/oct/09/megabrew-takeover-beers-billions-blue-bloods-ab-inbev-sabmiller |url-status=live |archive-url=https://web.archive.org/web/20170504230653/https://www.theguardian.com/business/2015/oct/09/megabrew-takeover-beers-billions-blue-bloods-ab-inbev-sabmiller |archive-date=4 May 2017 |access-date=18 May 2017 |website=theguardian.com}}</ref><ref>{{cite web |date=16 September 2015 |title=Budweiser wants to buy Miller — and the Brazilian private-equity titan who bought Kraft, Heinz, and Burger King is behind the deal |url=http://www.businessinsider.com/3g-capital-jorge-lemann-2015-8/#lemann-was-born-in-rio-de-janeiro-in-1939-his-father-was-a-swiss-businessman-who-immigrated-to-brazil-in-the-1920s-1 |url-status=live |archive-url=https://web.archive.org/web/20170218022502/http://www.businessinsider.com/3g-capital-jorge-lemann-2015-8#lemann-was-born-in-rio-de-janeiro-in-1939-his-father-was-a-swiss-businessman-who-immigrated-to-brazil-in-the-1920s-1 |archive-date=18 February 2017 |access-date=15 May 2017 |website=[[Business Insider]]}}</ref>
After the formation of Anheuser-Busch InBev SA/NV on 20 October 2016, the company was to be run by teams of "functional chiefs" and "zone presidents" who reported to AB InBev chief executive officer (CEO) [[Carlos Brito (businessman)|Carlos Brito]]. All but one of those 19 positions are held by people who were already AB InBev executives before the acquisition of SABMiller.<ref>{{cite news |date=4 August 2016 |title=AB InBev Will Still Be Based in Belgium After SABMiller Takeover |website=Fortune |agency=Reuters |url=http://fortune.com/2016/08/04/ab-inbev-abmiller-based-headquarters/ |url-status=live |access-date=1 February 2017 |archive-url=https://web.archive.org/web/20180630161746/http://fortune.com/2016/08/04/ab-inbev-abmiller-based-headquarters/ |archive-date=30 June 2018 |quote=The new company will be organized into nine geographical zones, with existing SABMiller hubs in Miami, Hong Kong and Beijing phased out within a few months after deal closes, which is expected in October.}}</ref><ref>{{cite web |author=<!--Staff writer(s); no by-line.--> |date=23 January 2016 |title=Management Structure – Our Team |url=http://www.ab-inbev.com/our-story/our-team.html |url-status=live |archive-url=https://web.archive.org/web/20170609145350/http://www.ab-inbev.com/our-story/our-team.html |archive-date=9 June 2017 |access-date=1 February 2017 |publisher=Anheuser-Busch InBev SA/NV}}</ref> Effective July 2021, Brito stepped down as the CEO of AB InBev after 15 years. [[Michel Doukeris]], previously CEO of North American business for Anheuser-Busch, succeeded him as CEO.<ref>{{cite web |title=AB InBev Press Release |url=https://www.ab-inbev.com/content/dam/abinbev/news-media/press-releases/2021/04/ABI_CEO_050621_EN.pdf |url-status=live |archive-url=https://web.archive.org/web/20210709185423/https://www.ab-inbev.com/content/dam/abinbev/news-media/press-releases/2021/04/ABI_CEO_050621_EN.pdf |archive-date=9 July 2021 |access-date=4 July 2021}}</ref>
== Financial data ==
{| class="wikitable"
|+Financial data in $ billions<ref>{{cite web|url=https://www.wallstreet-online.de/aktien/anheuser-busch-inbev-aktie/bilanz|title=Anheuser-Busch InBev Bilanz, Gewinn und Umsatz {{!}} Anheuser-Busch InBev Geschäftsbericht {{!}} A2ASUV|website=wallstreet-online.de|access-date=6 November 2018|archive-date=6 November 2018|archive-url=https://web.archive.org/web/20181106171954/https://www.wallstreet-online.de/aktien/anheuser-busch-inbev-aktie/bilanz|url-status=live}}</ref>
!Year
!2013
!2014
!2015
!2016
!2017
!2018
!2019
!2020
!2021
!2022
!2023
|-
|[[Revenue]]
|43.195
|47.063
|43.604
|45.517
|56.444
|54.619
|52.329
|46.881
|54.304
|57.786
|59.380
|-
|[[Net income]]
|16.518
|11.302
| 9.867
| 2.721
| 9.155
| 5.691
| 9.171
|148
|4.670
|5.969
|5.341
|-
|[[Assets]]
|141.666
|142.550
|134.635
|258.381
|246.126
|232.103
|236.648
|226.410
|217.627
|212.943
|219.340
|-
|Employees
|154,587
|154,029
|152,321
|206,633
|182,915
|175,000
|170,000
|163,695
|
|
|154,540
|}
==Controversies==
=== 2015 US Justice Department investigation ===
In October 2015, the company was investigated by the US [[United States Department of Justice|Justice Department]] for buying beer distributors and preventing them from selling the beers of its competitors.<ref>{{cite web |url=https://www.reuters.com/article/us-abinbev-doj-antitrust-exclusive-idUSKCN0S623R20151012 |title=Exclusive: U.S. probes allegations AB InBev seeking to curb craft beer distribution |website=reuters.com |date=12 October 2015 |access-date=15 May 2017 |archive-date=11 May 2017 |archive-url=https://web.archive.org/web/20170511022330/http://www.reuters.com/article/us-abinbev-doj-antitrust-exclusive-idUSKCN0S623R20151012 |url-status=live }}</ref>
=== 2016 bribery ===
In September 2016, it was reported that AB InBev had paid a $6&nbsp;million fine to the [[U.S. Securities and Exchange Commission]] for violations of bribery laws under the [[Foreign Corrupt Practices Act]] and for silencing a [[whistleblower]].<ref name=bribe>{{cite news |url=https://www.reuters.com/article/us-a-b-i-sec-fine-idUSKCN11Y21R |work=[[Reuters]] |title=AB InBev to pay SEC $6 million to settle bribery charges |date=28 September 2016 |first=Suzanne |last=Barlyn |access-date=17 May 2018 |archive-date=18 May 2018 |archive-url=https://web.archive.org/web/20180518054405/https://www.reuters.com/article/us-a-b-i-sec-fine-idUSKCN11Y21R |url-status=live }}</ref>
=== 2017 anti-competitive practices ===
In May 2017, the company was criticized for reportedly engaging in [[anti-competitive practices]] after purchasing the entire supply of South African hops from SAB Hop Farms, as part of the SABMiller purchase, and making the hops unavailable to any US craft brewers.<ref name=marketwatch>{{cite web |url=http://www.marketwatch.com/story/anheuser-busch-inbev-shuts-out-craft-beer-brewers-by-hoarding-hops-2017-05-11 |title=Opinion: Anheuser-Busch InBev shuts out craft beer brewers by hoarding hops |website=marketwatch.com |date=12 May 2017 |access-date=15 May 2017 |archive-date=14 May 2017 |archive-url=https://web.archive.org/web/20170514213836/http://www.marketwatch.com/story/anheuser-busch-inbev-shuts-out-craft-beer-brewers-by-hoarding-hops-2017-05-11 |url-status=live }}</ref> Similar anti-competitive claims were also made in association with the company's purchase of Roseville, Minnesota-based Northern Brewer, the biggest homebrew-supply chain in the US, through AB Inbev's venture arm ZX Ventures.<ref name=marketwatch/>
The following month, the company was further criticized for having purchased a stake in the beer rating website [[RateBeer]], leading to concerns that the purchase was a [[conflict of interest]].<ref name="nyt-inbevrate">{{cite news|title=Smaller Brewers Relied on RateBeer.com. Now Bud's Maker Owns a Stake.|url=https://www.nytimes.com/2017/06/18/business/media/anheuser-busch-inbev-ratebeer.html|website=The New York Times|access-date=20 June 2017|archive-date=19 June 2017|archive-url=https://web.archive.org/web/20170619122040/https://www.nytimes.com/2017/06/18/business/media/anheuser-busch-inbev-ratebeer.html|url-status=live}}</ref>
=== 2017 Casa Mia ===
In July 2017, the company terminated its contract with "Casa Mia" pizzeria in [[Munich]] after the politician Ernst Dill tried to persuade the owner to ban [[Pegida]] supporters amongst his guests. The year before Anheuser-Busch InBev already bound the owner of "Casa Mia" by contract to interpose at any sign of political activities.<ref name="Munich-CasaMia-Brewery">{{cite web | title=Pegida-Fret: Brewery terminates 'Casa mia' lease | trans-title=Pegida-Verdruss: Brauerei kündigt 'Casa Mia' den Pachtvertrag | url=https://www.tz.de/muenchen/stadt/sendling-ort43335/brauerei-kuendigt-casa-mia-in-sendling-pachtvertrag-8488765.html | first=Christine | last=Ulrich | publisher=[[Tz (newspaper)|Tz]] | date=15 July 2017 | access-date=18 July 2017 | language=de | archive-date=16 July 2017 | archive-url=https://web.archive.org/web/20170716112735/https://www.tz.de/muenchen/stadt/sendling-ort43335/brauerei-kuendigt-casa-mia-in-sendling-pachtvertrag-8488765.html | url-status=live }}</ref> A company spokesperson said that the contract termination was not politically motivated.<ref name="Munich-CasaMia-Regulars">{{cite web | title=Trouble because of Pegida: Regulars fight for 'Casa mia' | trans-title=Ärger wegen Pegida: Stammgäste kämpfen um das 'Casa Mia' | url=https://www.tz.de/muenchen/stadt/sendling-ort43335/casa-mia-stammgaeste-kaempfen-um-ihr-lieblingslokal-8495338.html | first=Marian | last=Meidel | publisher=[[Tz (newspaper)|Tz]] | date=18 July 2017 | access-date=19 July 2017 | language=de | archive-date=15 September 2017 | archive-url=https://web.archive.org/web/20170915194912/https://www.tz.de/muenchen/stadt/sendling-ort43335/casa-mia-stammgaeste-kaempfen-um-ihr-lieblingslokal-8495338.html | url-status=live }}</ref>
=== 2018 Major League Baseball and NBA advertising ===
In autumn 2018, AB InBev completed deals with [[Major League Baseball]] and the [[National Basketball Association|NBA]] which will allow them to use athletes' names and images when advertising. This is the first time in 60 years players will be seen in beer ads. These ads will promote safe drinking.<ref>{{cite web|url=https://www.sportsbusinessdaily.com/Daily/Issues/2018/09/19/Marketing-and-Sponsorship/AB.aspx|title=A-B InBev Signs Deals To Use MLB, NBA Players In Beer Ads|website=www.sportsbusinessdaily.com|date=19 September 2018 |access-date=21 September 2018|archive-date=21 September 2018|archive-url=https://web.archive.org/web/20180921191348/https://www.sportsbusinessdaily.com/Daily/Issues/2018/09/19/Marketing-and-Sponsorship/AB.aspx|url-status=live}}</ref>
=== 2019 false advertising lawsuit ===
On 21 March 2019, AB InBev subsidiary [[Anheuser-Busch]] was sued for false advertising by rival [[MillerCoors]] over a [[Bud Light]] commercial that aired during the [[2019 Super Bowl]].<ref>{{cite web |last1=Lucas |first1=Amelia |title=MillerCoors sues Anheuser-Busch for its Bud Light Super Bowl ad |url=https://www.cnbc.com/2019/03/21/millercoors-sues-anheuser-busch-for-its-bud-light-super-bowl-ad.html |website=www.cnbc.com |access-date=21 March 2019 |date=21 March 2019 |archive-date=21 March 2019 |archive-url=https://web.archive.org/web/20190321204537/https://www.cnbc.com/2019/03/21/millercoors-sues-anheuser-busch-for-its-bud-light-super-bowl-ad.html |url-status=live }}</ref> The commercial claimed MillerCoors' [[Miller Lite]] and [[Coors Light]] products contain corn syrup, but the lawsuit argues that corn syrup is only used during the brewing process as a fermentation aid and neither beer contains corn syrup. The suit alleges that Anheuser-Busch is using "false and misleading statements" to confuse health-conscious consumers into thinking the beers contain [[high-fructose corn syrup]], which has been linked with obesity.<ref>{{cite web |title=Beer war escalates: MillerCoors sues Anheuser-Busch over Super Bowl corn syrup commercial |url=https://www.stltoday.com/business/local/beer-war-escalates-millercoors-sues-anheuser-busch-over-super-bowl/article_7fcd7f63-47d6-5085-a1d4-9f0f3b1801b9.html |website=stltoday.com |date=21 March 2019 |access-date=21 March 2019 |language=en |archive-date=21 March 2019 |archive-url=https://web.archive.org/web/20190321204541/https://www.stltoday.com/business/local/beer-war-escalates-millercoors-sues-anheuser-busch-over-super-bowl/article_7fcd7f63-47d6-5085-a1d4-9f0f3b1801b9.html |url-status=live }}</ref> An Anheuser-Busch spokesperson called the lawsuit "baseless" and said it would not deter Bud Light from "providing consumers with the transparency they demand."<ref>{{cite web |last1=Belmonte |first1=Adriana |title=MillerCoors sues Anheuser-Busch over corn syrup Super Bowl ads |url=https://finance.yahoo.com/news/bud-light-super-bowl-ads-lawsuit-174127974.html |website=finance.yahoo.com |date=21 March 2019 |access-date=21 March 2019 |archive-date=22 March 2019 |archive-url=https://web.archive.org/web/20190322043047/https://finance.yahoo.com/news/bud-light-super-bowl-ads-lawsuit-174127974.html |url-status=live }}</ref> MillerCoors is seeking an injunction to prevent Bud Light from continuing the ad campaign, as well as a trial by jury and legal fees.{{Citation needed|date=April 2023}}
=== 2023 Dylan Mulvaney boycott ===
{{Main|2023 Bud Light boycott}}
=== 2023 PwC tax breach ===
In May 2023, AB InBev was named in Australia as one of three companies, along with [[Glencore]] and [[JBS Foods International|JBS]], that used confidential tax information provided by [[PwC]]’s then head of international tax Peter Collins, which he obtained after consultations with [[Treasury (Australia)|treasury]]. It was alleged that these companies acted on this information and restructured their operations to take advantage of new Multinational Anti-Avoidance Law (MAAL) introduced in 2016.<ref>{{Cite web |date=2023-05-30 |title=PwC behind 15 schemes to sidestep tax, says ATO |url=https://www.afr.com/companies/professional-services/pwc-behind-15-schemes-to-sidestep-tax-says-horrified-ato-20230530-p5dcl4 |access-date=2023-05-31 |website=Australian Financial Review |language=en |archive-date=31 May 2023 |archive-url=https://web.archive.org/web/20230531034226/https://www.afr.com/companies/professional-services/pwc-behind-15-schemes-to-sidestep-tax-says-horrified-ato-20230530-p5dcl4 |url-status=live }}</ref><ref>{{Cite web |last=Ross |first=David |date=31 May 2023 |title=Tax office reveals shock at PwC tax breaches after confidentiality breaches |url=https://www.dailytelegraph.com.au/ |access-date=31 May 2023 |website=Daily Telegraph |archive-date=30 August 2019 |archive-url=https://web.archive.org/web/20190830225136/https://www.dailytelegraph.com.au/ |url-status=live }}</ref><ref>{{Cite web |last=Office |first=Australian Taxation |title=A strong domestic tax regime |url=https://www.ato.gov.au/general/tax-and-corporate-australia/a-strong-domestic-tax-regime/ |access-date=2023-05-31 |website=www.ato.gov.au |language=en-AU |archive-date=31 May 2023 |archive-url=https://web.archive.org/web/20230531034233/https://www.ato.gov.au/general/tax-and-corporate-australia/a-strong-domestic-tax-regime/ |url-status=live }}</ref>
==See also==
* [[AB InBev brands]]
==References==
{{reflist}}
== External links ==
{{Commons category}}
* {{Official website}}
* {{Finance links
| symbol = BUD
| sec_cik = BUD
| google = BUD
| yahoo = BUD
| bloomberg = BUD:US
| reuters = BUD
| nasdaq = BUD
}}
{{Anheuser-Busch InBev}}
{{Euro Stoxx 50 Companies}}
{{BEL20 companies}}
{{Portal bar|Companies|Beer|Drink}}
{{Authority control|state=expanded}}
[[Category:AB InBev| ]]
[[Category:Alcoholic drink companies]]
[[Category:Multinational breweries]]
[[Category:Breweries of Flanders]]
[[Category:Food and drink companies established in 2008]]
[[Category:Multinational companies headquartered in Belgium]]
[[Category:2008 establishments in Belgium]]
[[Category:Companies based in Leuven]]
[[Category:Companies listed on Euronext Brussels]]
[[Category:Companies in the Euro Stoxx 50]]
[[Category:Companies in the FTSE/JSE Top 40 Index]]
[[Category:Companies in the Dow Jones Global Titans 50]]