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Daily Archive: August 15, 2011

MillerCoors Looks To Balance Profit Growth With Volume And Share Gains

Chicago-based MillerCoors, the second-largest U.S. brewer with a market share of roughly 30%, has consistently reported net income gains and synergy savings since the 2008 joint venture between MolsonCoors and SABMiller was formed. Volume and significant share growth for the company, however, have remained elusive as the mainstream domestic beer category has been battered by the economic recession and high unemployment among its key consumers. Tom Long, who joined Miller Brewing in 2005 following a long tenure at Coca-Cola, succeeded Leo Kiely as CEO of MillerCoors in June. Shanken News Daily spoke recently with Long about the challenges facing the company and the U.S. beer industry. Continue reading →

Posted in News on August 15, 2011

News Briefs for August 15, 2011

•Diageo NA is lining up the release of Jose Cuervo’s 2011 Reserva de la Familia Tequila edition in the U.S. Continue reading →

Posted in News on August 15, 2011