Episode Details

The historic Anheuser-Busch brewery in Newark, New Jersey, has been sold for $360 million to a California developer, marking a significant shift in the regions industrial landscape. The sale, which includes both buildings and land, underscores the propertys value. Meanwhile, Anheuser-Busch is investing in other areas, including a $600 million expansion of its American manufacturing and $300 million in projects in Los Angeles, St. Louis, and upstate New York. This comes as the craft beer scene in New Jersey faces challenges, with sixteen breweries closing between 2023 and 2024 due to rising labor and ingredient costs. On a broader scale, alcohol sales have seen a slight dip, but ready-to-drink cocktails and non-alcoholic beverages are thriving. Anheuser-Busch is adapting to these changes with a $490 million acquisition of an RTD company and a focus on non-alcoholic options.

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