01.19.2009 9:26 am
Buyers await Anheuser-Busch InBev asset sale
St. Louis Post-Dispatch
The Financial Times newspaper has an interesting piece here discussing the possible sale of Anheuser-Busch’s theme parks. The story says that “Busch Entertainment, the group’s theme park business, which owns SeaWorld Orlando, is expected to be one of the first business units put up for sale with a possible price of up to $4 billion.” Possible buyers include Walt Disney and Universal Studios, according to the newspaper.
Anheuser-Busch InBev needs to sell “non-core” assets to pay back some of the debt it took on to form the combined company last year.
(No Ratings Yet)
Loading ...
Jeremiah McWilliams is a native Virginian who came to the Post-Dispatch in early 2007 to cover beer and other consumer products. He previously covered manufacturing for the Virginian-Pilot newspaper in Norfolk, Va. He is a graduate of Washington and Lee University. 
And so the era of the great beer barons of america has come to an end. The leaders of the most iconic beer brand in the world stuffed their pockets and were seen running away, leaving behind a legacy of greed and self indulgence.
In no time the great beer company was gone from the city, only a memory remains.
Mark my words, in less than 10 years Budweiser will no longer be in Saint Louis at all. The head quarters will be in some other country with less corporate taxes and the beer will be made in some third world country by people making a dollar a day.
Kevin -
Get used to it. It’s called global economics. A foreign company knew how to play the game better than A-B. The family and board left the company exposed and others saw the opportunity and used the rules of capitalism to take/buy it from them. If it moves, it will be because the rules of capitalism said moving is the best move.
Everyone loves capitalism until the market or their favorite company become victims of the unforgiving, lowest common denominator system that it is. Once you put control in the hands of the “free” market, you are anything but free from the circumstances.
They announced they are moving their global headquarters to NYC. Strange that it wasn’t St. Louis, huh? Good thing that St. Louis is the HQ for the North American Zone .. which technically, for now, is being run from Toronto/Labatt’s. We are waiting for them to move all the Toronto executives down to fill empty seats.