Tag Archive: Molson Coors
News Briefs for March 7, 2012
•Brown-Forman reported a net profit drop of 5% for its fiscal third quarter ended January 31, 2012, to $140.7 million. Continue reading →
Posted in News on March 7, 2012News Briefs for November 2, 2011
•MillerCoors, the U.S. joint venture between SABMiller and Molson Coors, reported a decrease in net income of 14.1% in the third quarter ending September 30 to $286.9 million. Continue reading →
Posted in News on November 2, 2011MillerCoors 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, 2011Modelo And Molson Coors Bid For Foster’s Looks Unlikely After Modelo Board Decision
A bid for Foster’s Group by Grupo Modelo and Molson Coors now appears unlikely after Modelo executives declined to put the proposal to a vote at a Monday board meeting, according to various reports. Continue reading →
Posted in News on June 15, 2011Modelo, Molson Coors Aim To Acquire Fosters, But ABI Could Stand In The Way
Mexico’s Grupo Modelo is holding a meeting today in Mexico City to discuss the possibility of joining forces with Molson Coors to bid for Foster’s Ltd., according to Bloomberg News. Continue reading →
Posted in News on June 13, 2011News Briefs for June 13, 2011
• The Federation of Jewish Men’s Clubs (FJMC), which includes more than 25,000 members throughout North America, has joined with synagogues in Israel and around the globe in calling for a boycott of Scotch whisky from distillers located in West Dunbartonshire Council—including Chivas Brothers and Morrison Bowmore, among others. Continue reading →
Posted in News on June 13, 2011
