Czech brewer Budvar increases net profit amid pandemic
Budvar, the Czech brewer that has been in a long legal dispute with U.S. giant Anheuser-Busch over use of the โBudweiserโ brand, has increased its net profit by almost 10% amid record output as the pandemic saw people drink less in bars and more at home.
Czech brewer Budvar hits record as people drink more at home
FILE - This Tuesday, Oct. 30, 2012 file photo, shows the Budejovicky Budvar brewery, in Ceske Budejovice, Czech Republic. Budvar brewer, which has been in a long legal dispute with U.S. giant Anheuser-Busch over use of the Budweiser brand, increased output to the highest level in its 125-year history. Budejovicky Budvar NP, a Czech state-owned brewery, says that its output rose 3% to 1.73 million hectoliters (45.7 million gallons) in 2020, despite the pandemic that hit hard global trade and business. Budejovicky Budvar NP, a 125-year-old state-owned brewery, said Thursday that its output rose 3% to 1.73 million hectoliters (45.7 million gallons) in 2020. The brewer has been expanding in recent years to be able to produce over 2 billion hectoliters of beer a year.
Budweiser joins Coke, Pepsi brands in sitting out Super Bowl
This image provided by Budweiser shows two health care workers getting vaccinated in an advertisement Budweiser is running before the Super Bowl. Other veteran Super Bowl advertisers like Coke, Audi and Avocados from Mexico are sitting out the game altogether. These big-brand absences are just one more way Super Bowl LV will look very different from previous years. And Super Bowl parties will be more likely to be smaller affairs with pods or families. โThe Super Bowl is the most popular sports event, aside from the World Cup, that anybody is going to see," added Dartmouth's Argenti.