prrriiide
Well-Known Member
- Joined
- Aug 30, 2009
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Yet another reason to dislike BMC.
Big Beer looks as if it's testing President Obama's tolerance. Both Anheuser-Busch InBev purveyor of the president's preferred brew, Bud Light and MillerCoors, a joint venture between SABMiller and Molson Coors, are raising prices at the same time, during a recession, and while beer demand is slumping. With an 80 percent market share between them, it almost begs for an antitrust review of the industry.
snip
...competitive landscape is no more. Miller and Coors kicked off a joint-venture last year that combines the market powers of the second- and third-largest players. InBev, meantime, has no stomach for a price war following its $52 billion debt-financed splurge on Anheuser. So despite slumping appetite for beer and tough times, prices are going up. Company executives even deemed the conditions "favorable."
Yet another reason to dislike BMC.