Defender of the almighty dollar.
Anheuser-Busch InBev is a big company. Sometimes big companies think they can play a little loosey-goosey with the law (or hell, maybe that’s everyone) or extend regulatory boundaries to accommodate them. And they are usually right. Money and power can be good for that. But occasionally, those big companies come under scrutiny for such seemingly unethical practices. Today’s accusation comes from the EU, which is looking into AB InBev for antitrust practices that may be preventing less expensive Dutch and French beer from being sold into the company’s home base of Belgium. From Bloomberg:
The European Commission will probe whether changing beer packaging or limiting rebates for non-Belgian retailers hinders imports to Belgium, according to an emailed statement. The EU regulator’s “preliminary view is that AB InBev may be pursuing a deliberate strategy to restrict so-called parallel trade of its beer.”
The commission last month approved AB InBev’s $104 billion bid to buy beer rival SABMiller Plc after the companies agreed to sell almost all of SABMiller’s business in Europe to allay concerns it could control the region’s beer market. Today’s antitrust probe could pave the way to fines or an order to change business practices.
Apparently, AB InBev has 53 percent share of Belgium’s beer market, and this is not the first time the company has been under scrutiny for less-than-legal practices over in Europe. Back to Bloomberg:
The brewer of Budweiser … was previously probed by the EU for colluding to fix prices in the Netherlands. It escaped fines in 2007 because it was the first to tell the commission about the cartel.
…
EU regulators separately ordered Belgium to claim back tax from the company earlier this year after ruling illegal a tax break offered to multinationals operating in the country.
RT @CraftBrewingBiz: Anheuser-Busch InBev is being investigated for road-blocking beer imports into Belgium. https://t.co/vqNHumvOxZ https:…
RT @CraftBrewingBiz: Anheuser-Busch InBev is being investigated for road-blocking beer imports into Belgium. https://t.co/vqNHumvOxZ https:…
RT @CraftBrewingBiz: Anheuser-Busch InBev is being investigated for road-blocking beer imports into Belgium. https://t.co/vqNHumvOxZ https:…
RT @CraftBrewingBiz: Anheuser-Busch InBev is being investigated for road-blocking beer imports into Belgium. https://t.co/vqNHumvOxZ https:…
RT @CraftBrewingBiz: Anheuser-Busch InBev is being investigated for road-blocking beer imports into Belgium. https://t.co/vqNHumvOxZ https:…
Anheuser-Busch InBev is being investigated for road-blocking beer imports into Belgium https://t.co/6AUaY7gnTL https://t.co/XnSYTB7veg
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#CraftBeer #CraftBrewing #Beer #BeerBiz Anheuser-Busch InBev is being investigated for road-blocking beer impor… https://t.co/gMPH8v5Mex
Just one, of the many many reasons, beer lovers should avoid anything that AB-InBev is involved with. Leslie – They make too much money breaking the law and hoping they don’t get caught – so much so it’s quite affordable to pay any fines when/if they do get caught.
Anheuser-Busch InBev investigated for blocking beer imports in Belgium https://t.co/CrNlzPBHk9 via @craftbrewingbiz
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RT @CraftBrewingBiz: Anheuser-Busch InBev is being investigated for road-blocking beer imports into Belgium. https://t.co/Smh5aq4KFk
Big companies have deep pockets. They can afford to push the limits of the laws and rules, then pay their buildings full of lawyers to get them off. They also pay politicians to pass laws to make their illegality, legal!
RT @CraftBrewingBiz: Anheuser-Busch InBev is being investigated for road-blocking beer imports into Belgium. https://t.co/Smh5aq4KFk
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