Anheuser-Busch InBev said Friday it is buying Babe Wine, the company co-founded by popular Instagram influencer Josh “The Fat Jewish” Ostrovsky and brothers David Oliver Cohen and Tanner Cohen, the writers behind the Babe Walker @whitegrlproblem Twitter account.AB InBev (BUD) did the deal through its ZX Ventures arm. ZX Ventures first bought a minority stake in Babe Wine last year. Babe Wine has become
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Ambev is one of the biggest brewers in the world, but you wouldn’t know that from its market cap. What’s holding the stock back? I’d suggest that weighing on its stock price is being in problem-beset Brazil and having to pay for commodities (whose prices are rising) in dollars while the Brazilian real depreciates. Yet these problems are temporary, whereas
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SAO PAULO (Reuters) – Brazilian beverage firm Ambev SA reported a 6.2 percent rise in first-quarter net profit on Tuesday which still missed market expectations amid a double-digit increase in the cost of goods sold and higher financial expenses. The Latin American unit of Anheuser Busch InBev said total net income was 2.749 billion reais ($692.74 million), compared to a
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