Becks Bashed This Oktoberfest as American Tastes Turn Mexican — Panjiva


Becks Bashed This Oktoberfest as American Tastes Turn Mexican

Cons. Staples - Food/Beverages 395 Germany 162 Mexico 505 U.S. 3297

The annual Oktoberfest held in Munich, Germany has spawned imitators globally but hasn’t prevented a stagnation in German beer exports – growth was just 1% on a year earlier to $1.4 billion. Changing beer tastes in the U.S. has been a major driver with a 30% drop in the 12 months to August 31 after a year earlier. The recent decline has been led by AB InBev (Becks) whose seaborne shipments to the U.S. from Germany fell 43% in the three months to August 31 vs. a year earlier. Specialty brands have done better with Radeberger and Weihenstephan seeing a 34% and 12% surge in shipments...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.