Anheuser-Busch Will Invest $2 Billion in U.S. to Push Beyond BudBy
Spending will support efforts outside of beer, such as tea
Company to invest in distribution and its 12 biggest breweries
The maker of Budweiser, facing more competition in America from craft brews and cocktails, is spending billions to fight back.
Anheuser-Busch InBev NV will devote $2 billion in U.S. capital spending to bolstering its flagship brands and improving distribution. The money also will help support the company’s forays into “near beer,” alcoholic sparkling water, and other products — like tea — that are far afield from its original mission…
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