Bottle shops liquidating? A microbrewery in a football stadium? The cycle has peaked and the bell is ringing.
Asahi’s acquisition of London’s iconic Fuller’s brewing business had a shocked beer world searching for explanations last Friday. But the explanation is simple: this is a once-in-a-generation offer that Fuller’s board would have been negligent to turn down.
Fuller's acquisition of Dark Star last week led to another round of speculation about beer-industry acquisitions to come. But do current trends in bond yields suggest that consolidation may already have peaked?