Shop Talk

Retailers, consumers and prices

Check Out Line: Anheuser-Busch in the news (again)


bud1.jpgCheck Out more news from the Anheuser-Busch front.

The company, which owns half of Mexico’s Groupo Modelo, said Modelo’s chief executive Carlos Fernandez resigned from Anheuser’s board, even as the American beer company tries to thwart an unsolicited takeover bid from Belgian-Brazilian brewer InBev NV.

Modelo is an important player here — it has been approached by Anheuser about a possible combination, according to the Wall Street Journal, while Reuters’ sources, who are familiar with the situation, have said that InBev also courted the Mexican company.

Separately, Anheuser also said that it will acquire the remaining 50 percent stake of the Crown Beers India Ltd joint venture from partner Crown International.

Crown International and Anheuser formed the Crown Beers India venture last year to distribute Budweiser and Armstrong, a beer developed specifically for India, throughout southern and western India.

Bear claws at “Bull Run” restaurant


steak.jpgA restaurant in Manhattan’s Wall Street area is reacting to the financial sector’s agony by slashing prices to lure bankers and traders who have been reining in their spending after steep losses.

Marcus Olson, chef and manager of the “Bull Run” which serves contemporary American cuisine in New York’s financial district, says in the last week and a half the restaurant has cut the price of a steak by $2 to $7.