Has Anheuser-Busch Finally Had Its Fill of Craft Beer?
Too much of a good thing can be, well, too much. Anheuser-Busch InBev (NYSE: BUD) has been chugging down so many pint-sized craft breweries that it is giving itself a bad hangover from the binge, and now it's fired 90% of its high-end craft beer salespeople.
Having acquired 10 craft breweries over the past few years, each with its own sales force, a national distribution giant like Anheuser-Busch might find the positions superfluous and the jobs expendable. Along with the 380 people let go in the great purge, the high-end craft beer division is also undergoing a reorganization. The division's president told Forbes A-B wasn't going to be making further acquisitions in the space, but rather would grow its portfolio organically.
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Source: Fool.com
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