pabst blue ribbon america has a licensing agreement and joint venture arrangement with china pabst blue ribbon. it is produced, marketed and distributed by cbr brewing company, which jointly owns the company along with guangdong blue ribbon group under a sub-licensing agreement with the pabst brewing company. cbr is a british virgin islands owned company but it is based in china. china pabst recently released a new beer called pabst blue ribbon 1844 for consumption in the domestic market; it sells for $44 usd a bottle.