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Carlsberg A/S is a global brewing company based in Copenhagen, Denmark. It is known for producing a wide range of beer brands, including its flagship Carlsberg beer, as well as Tuborg and Kronenbourg. Founded in 1847, the company has expanded its operations worldwide, with a significant presence in Western Europe, Eastern Europe, and Asia. Carlsberg operates through various segments, including beer, soft drinks, and bottled water. The company emphasizes sustainability and innovation in its brewing processes, which contributes to its competitive strength in the beverage industry. Its strategic position is bolstered by a diverse portfolio and strong brand recognition across different international markets.

Founded in 1983, Costco Wholesale now operates a global chain of membership-based warehouse clubs, delivering high-quality goods and services at consistently low prices. As of its most recent fiscal year, Costco operated approximately 940 warehouses, serving more than 84 million members across its three geographic segments: Costco US (approximately 73% of total revenue), Costco Canada (13%), and Costco International (14%).Costco's core value proposition—quality products at unbeatable prices—has yielded consistently strong member renewal rates (92% in the US and Canada and nearly 90% internationally). About 55% of Costco's fiscal 2025 revenue came from its grocery offerings, and another 25% from general merchandise.