News Briefs for August 20, 2012August 20, 2012
•Bacardi Limited has named Siddik Tetík as regional president of Asia Pacific, effective September 3. Tetík will replace Harold Dyrvik, who is retiring after seven years in the position. He will be based in Hong Kong and be responsible for overall commercial strategy and managing Bacardi’s business in 19 countries including Australia, New Zealand, Greater China, India, and countries within North and South East Asia. Tetík has held various management, commercial operations and regional business management roles across Asia Pacific, including his most recent stint as president of Procter & Gamble Philippines. Dyrvik will continue through the end of the calendar year, reporting to Bacardi Limited President and CEO Ed Shirley on special assignment.
•Anheuser-Busch InBev (ABI) has been asked by the U.S. Department of Justice to submit additional information on its proposed takeover of Mexico’s Grupo Modelo. According to a statement from ABI, the second request “is a normal part of the review process” and isn’t likely to delay the deal, which is set to close in the first quarter of 2013. The transaction, however, is still subject to a waiting period and regulatory approvals in Mexico and other countries. In June, ABI announced that it had agreed to acquire the 50% stake in Grupo Modelo that it didn’t already own for $20 billion.
•Dining Entertainment Group’s Brother Jimmy’s BBQ brand has expanded to Miami with a new franchise unit in Brickell, opened by four University of Miami alumni. Founded in 1989 on Manhattan’s Upper East Side, the popular beer-focused Southern barbeque chain currently has five locations throughout the city, as well as a Brother Jimmy’s BBQ Express, Jimmy’s Burger Shack and a Yankee Stadium concession. There are also two franchise Brother Jimmy’s outposts in San Juan, Puerto Rico, and St. Maarten in the Caribbean. This fall, Brother Jimmy’s is slated to open its first company-owned unit outside New York City in New Brunswick, New Jersey, right near Rutgers University’s campus.
Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.