I am concerned about the possible loss of Anheuser-Busch's reputation for social responsibility. It is my understanding that they contributed to the campaign to improve the concealed handgun carry laws in Missouri.
Originally posted by fred rosenberger: But then there are things like Busch Gardens, Grants' Farm, and of course the Clydesdales. Will InBev keep these, sell the off, or just discard them?
ImBev cares about selling beer. Specifically selling beer in the US. The Clydesdales help sell beer, they will stay.
Don't know about the theme parks, 30 years ago, you could get all the free beer you wanted in Busch Gardens, that was cool. If the parks make money, they will probably keep them, if not, they will be sold to someone like Danny Snyder.
recent buzz says that AB will reject it, opening the way for an ugly proxy fight. NY Times says:
In an effort to justify rejecting InBev�s $65-a-share bid, Anheuser-Busch is expected to announce an extensive reorganization aimed at bolstering profits that will include cutting more than $500 million in costs, these people said.
The savings will come from reducing marketing expenses and possibly shedding assets like its Busch Gardens theme park business and its packaging unit. The reorganization, which is expected to include scores of job cuts, may anger some residents and politicians in St. Louis, where the company�s headquarters is located, who had been pressing Anheuser-Busch to reject the bid in part to save local jobs.
Per article, "The St. Louis Post Dispatch says two potential buyers for Sea World of Texas, Six Flags Inc and Walt Disney Company, have both indicated no interest in acquiring Busch Entertainment Group."
It sounds like this means Sea World has interest, but not the other parks.
Originally posted by Pat Farrell: In the olden days, Busch Gardens had free beer
Sea World still does. Not all you can drink, but a decent size cup.
Joined: Jun 06, 2002
I remember visiting Busch Gardens in Florida about 45 years ago. It really was a garden then, with a big open zoo and lots of tropical bird exhibits. And a tour of the beer factory with a free glass (for adults). It had nothing to do with diesel-powered carnival rides back then.
I do admit that "Busch Gardens, the Old Country" in Virginia has been useful in teaching Americans about Europe. Americans who would likely never have the chance to visit Germany, for example, got to see lederhosen and slap dances.
Originally posted by Frank Silbermann: I remember visiting Busch Gardens in Florida about 45 years ago. It really was a garden then, with a big open zoo and lots of tropical bird exhibits.
I was there only 32 years ago, guess I'm young. Then, it was mostly as you say, big zoo, lots of wild life and not much in the way of "rides" other than a train that took you from one section to the next.
At each train station, there was a bar, and you could get two free glasses of beer. So technically, it was not all you could drink. But you could just jump on the train to the next station, look at the animals, and have two more beers. Repeat as needed.
Joined: Jun 06, 2002
A couple of news commentators from my home state have a unique perspective on the sale. Highly recommended!