Heineken

A Dutch court has ordered Heineken to pay €111 million in a dispute between its Greek subsidiary Athenian Brewery and rival Macedonian Thrace Brewery (€43m in damages plus €68m in interest). Heineken plans to appeal, saying the underlying assumptions on sales, pricing and profitability are unrealistic. The case concerns the subsidiary’s conduct between 1998 and 2014; in 2015 Athenian Brewery was already fined by the Greek competition authority. » More on t-online.de

A Dutch court awarded Greek brewer Macedonian Thrace Brewery (MTB) €111 million against Heineken, consisting of €43 million in damages and €68 million in interest. The case relates to the conduct of Heineken subsidiary Athenian Brewery between 1998 and 2014; Heineken announced it will appeal and considers the court’s assumptions on revenue and profitability unrealistic. In 2015 the Greek competition authority had already fined Athenian Brewery €31.5 million for abuse of dominant market position. » More on t-online.de

Heineken named Serena Williams global ambassador for Heineken 0.0 despite her role promoting a GLP-1 weight-loss brand, with US CEO Maggie Timoney saying studies are inconclusive on GLP-1s’ effect on drinking. Timoney highlighted that US alcoholic beverage consumption is at historic lows, citing weak results from Boston Beer and Molson Coors. Molson Coors is pursuing a "beyond-beer" strategy to offset domestic declines, while investors watch whether non-alcoholic and RTD growth can counter falling core beer volumes. » More on finance.yahoo.com