BIZARRE: 5 - What They Never Told You

Heineken sells its Russian operations—three breweries and 1,800 workers—for less than a price of a single beer

It’s a $324 million loss for the company.

Fortune · Aug 25, 2023

Heineken sells Russian business for €1 at loss of £256m

Brewing giant Heineken has completed its exit from Russia, roughly 18 months after the invasion of Ukraine.

Evening Standard · Aug 25, 2023

Dutch brewer Heineken sells its Russian operations for 1 euro, taking a 300-million-euro hit

Dutch brewer Heineken says it has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine

The Independent UK · Aug 25, 2023

Heineken tried passing higher costs on to beer drinkers. Consumers said no.

The Dutch brewer has had to hike beer prices to offset increases in input costs—but consumers have pushed back by switching to cheaper beer brands.

Fortune · Jul 31, 2023

Heineken’s profits fall as higher prices turn drinkers away

The 15-year-old brewing giant, which also owns Beavertown and Birra Moretti, was among the first to up its prices as inflation soared

Evening Standard · Jul 31, 2023

'The Feckless 400': These companies are still doing business in Russia–and funding Putin’s war

'While there is very little transparency, our best estimate is that the Feckless 400 represent at least $200 million in Russian revenues.'

Fortune · Jul 11, 2023

Best alcohol deals in the Amazon Prime Day 2023 sale: Wine, beer and spirits offers

From beer and wine to cocktail spirits, the bargain bottles on sale

Evening Standard · Jul 10, 2023

Best alcohol deals in the Amazon Prime Day 2023 sale: Early offers to shop now

From beer and wine to cocktail spirits, the bargain bottles on sale

Evening Standard · Jul 5, 2023

Over 150 top execs fear Europe will create a ‘critical productivity gap’ with the U.S. if the EU overregulates A.I.

“We are convinced that our future significantly depends on Europe becoming part of the technological avant-garde,” they wrote.

Fortune · Jun 30, 2023

You’ve heard about shrinkflation—now get ready for ‘drinkflation’

The amount of alcohol found in popular U.K. ales is dropping—much to the chagrin of the country’s beer drinkers.

Fortune · Jun 20, 2023