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Carlsberg A/S is a global brewing company headquartered in Copenhagen, Denmark. It operates within the beverage industry, focusing primarily on the production and distribution of beer. The company offers a diverse portfolio of beer brands, including Carlsberg, Tuborg, and several specialty and local brands across different markets. Founded in 1847 by J.C. Jacobsen, Carlsberg has expanded its presence internationally, with significant operations in Europe and Asia. Carlsberg is known for its commitment to sustainability and innovation within brewing processes, which contributes to its competitive positioning in the market.

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.