St. Louis based Anheuser-Busch has agreed to sell its stake in City Beverage, its largest distributor in Chicago. It's part of legislation that would end a multiyear battle over how alcohol is regulated in Illinois.
The Chicago Tribune reports the agreement appears in a bill expected to exit the Illinois House this week. A-B has until Jan. 1, 2015, to sell its interest in the distributorship.
Mark Bordas, A-B's region vice president of state affairs, said in a statement, "Anheuser-Busch is pleased with the agreement reached with the Illinois legislature as it related to our minority investment in City Beverage."
Investment firm BDT Capital, which currently owns 70 percent of City Beverage, did not immediately respond to the newspaper's request for comment.
Alcohol sales are regulated in most states through a three-tier system intended to separate manufacturing, distribution and retail sales. Illinois House Bill 2606 would amend the state's liquor regulations, saying "no person licensed as a manufacturer of beer ... shall have any interest, directly or indirectly, in a holder of a distributor's license or importing distributor's license.
The Illinois Liquor Control Commission and A-B have been involved in litigation on the issue since the commission blocked the brewer from acquiring City Beverage in 2010.
St. Louis-based Anheuser-Busch is part of Belgium-based Anheuser-Busch InBev, the world's largest brewer, which reported revenue of $39.8 billion in 2012.
JEFFERSON CITY, Mo. (AP) - A national trails magazine has awarded Missouri the title of "Best Trails State" for its commitment to maintain and improve its vast system of hiking and biking paths.
The award from American Trails was announced Wednesday at a conference in Arizona. It's given every two years to states that make the most significant contributions to maintaining and promoting their trails.
Missouri's state parks system includes nearly 1,000 miles of managed trails. Many historic trails pass through the state, including the Lewis and Clark, Trail of Tears and the Santa Fe National Historic Trails.
Attendance in Missouri state parks increased in 2012, with more than 18 million visitors.
ST. LOUIS (AP) - Anheuser-Busch is introducing a new, bowtie-shaped beer can that mirrors its iconic Budweiser logo.
The St. Louis-based subsidiary of Anheuser-Busch InBev NV said Wednesday that the new cans will be available in a special 8-pack nationwide beginning May 6.
The can has been in development since 2010. The beer maker says it made major equipment investments at its can-making facility in Newburgh, N.Y., to facilitate the 16-step process to create the cans.
Budweiser breweries in Los Angeles and Williamsburg, Va., will be the first to package the new cans.
Due to the new design, it holds 11.3 ounces of beer, compared with the traditional 12-ounce can. The company says the new can won't replace the traditional Budweiser can.
Budweiser's bowtie logo first appeared in a national advertising campaign in 1956.