– The European court of Justice rules that the trademark “Budweiser” must be shared between two companies in Britain.
– SABmiller acquires Foster’s at A$5.10 a share (or about A$9.9 billion) an hour before end of trading on the 21st after 3 months of pursuit by the London-based company. The deal will not affect the Fosters brand in the UK or Europe which is owned by Heineken. SABmiller, whose stable of brands include Peroni and Grolsch, will gain a prominent foothold in Australia where Fosters currently has a 50% market share. However, there is some doubt as to whether SABmiller is getting its money’s worth.
– The old excuse of “honey, I was drunk” may no longer get you out of the dog house (does it ever? If so please send me a photo of this fictional character you speak of). A recent study at the University of Missouri College of Arts and Sciences says that it’s not that drunk people are unaware of their behaviour they just don’t care of the consequences as much.