philip964 wrote: ↑Tue Oct 31, 2023 10:57 am
Bud is owned by Belgian Company InBev. Their profits increased this quarter by 5%.
Modello Especial has become the new number one beer brand in America replacing Bud Light who has held the title for 20 years.
Modello Especial is owned by InBev imported to the US by Constellation Brands.
My understanding is that Constellation owns the rights to Modelo in the US. Modelo in the US is a complete separate company that does not have financial ties to InBev.
. In April 2013, the Department of Justice reached a settlement with AB InBev and Grupo Modelo. The settlement agreement allowed the sale to go through if AB InBev sold Modelo’s entire U.S. business to the company Constellation Brands.