US-based beer producer Molson Coors has confirmed that it is buying SABMiller’s stake in its joint MillerCoors business for $12 billion.
US brewing giant MillerCoors is shutting its Eden, North Carolina brewery over the next 12 months, forcing 520 job losses as it battles a “fragmented” beer market.
Molson Coors UK has acquired the rights to Swedish cider Rekorderlig in the UK – its first foray into the premium cider category.
US beer brewer MillerCoors has drafted in Gavin Hattersley, chief financial officer at parent company Molson Coors, as interim CEO as the company announced a 50% slide in profits this quarter.
One of the UK’s largest brewers, Molson Coors, has re-launched its wholesale business, but having dropped the term “wholesale”, believing it does not fully reflect its offering.
Molson Coors UK has announced the closure of its brewery in Hampshire, putting 100 jobs at risk.
US brewer Molson Coors has grown beyond expectation in the second quarter, with revenues rising despite a global downturn in the beer market.
The CEO of Molson Coors, Peter Swinburn, has said that craft breweries are “massively overvalued” which prevents their acquisition by larger breweries.
The Molson Coors beer fridge that only opened for holders of a Canadian passport has returned to the country in time for its national holiday – with a twist.
Molson Coors UK is to invest a further £28m in its Burton Brewery taking its total to £75m – one of the biggest investments in British brewing for decades.
© 2015 Union Press Ltd | Unit 122, 30 Great Guildford Street, London SE1 0HS, UK | Registered in England and Wales No. 03606414 | Tel: +44 (0)20 7803 2420