"Red Stripe (brewed by Desnoes & Geddes Limited) sold a $62 million majority stake in its brewery to Guinness Brewing Worldwide a few weeks after sales of the Jamaican beer increased by more than 50% in the U.S. after Tom Cruise and Gene Hackman were seen drinking Red Stripe in the 1993 summer blockbuster “The Firm.”
Great write up. Reminds me of when I was in Mexico a few weeks ago. They have two large macro breweries that make pretty much everything. There’s a small smattering of craft breweries but not many, and most are close to the US border. I don’t know anything about the taxes or business or whathaveyou, but I imagine it’s harder to run a business like that down there.