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CFO-, CIO-designates named. SABMiller plc and Molson Coors Brewing Company named two executives for the proposed MillerCoors joint venture. Tim Wolf, the chief financial officer of Molson Coors, was named chief integration officer-designate of the JV, which is subject to..."Brew" Blog
Board members named. SABMiller plc and Molson Coors Brewing Company today announced the closing of the transaction to create MillerCoors.MillerCoors, which combines their U.S. and Puerto Rico operations, begins operating as a combined entity on July 1.As a unified company with a world-class board and leadership team in place, MillerCoors will be able to create tremendous opportunities for innovations in products and services that will allow us to drive profitable growth, Pete Coors, Chairman of MillerCoors, said in a release announcing the closing. read more »
Substantial operations, investment in hometowns.MillerCoors announced today that it is placing its headquarters in Chicago even as it maintains substantial operations in Golden, Colo., and Milwaukee.MillerCoors picked Chicago for a variety of reasons. One of them: Picking a neutral site reflects the 50-50 governance structure agreed to by SABMiller plc and Molson Coors Brewing Company. read more »
Executives highlight scale, brands, talent.The leadership team of MillerCoors highlighted the new companys scale, brands and talent as reasons it can win in the U.S. beer market.MillerCoors, which brings together the U.S. read more »
We are a brand-driven industry, Long says.Brewers must remain committed to investing in brands even as they grapple with rising costs, MillerCoors President and Chief Commercial Officer Tom Long said Wednesday. Investing in brands is critical as the consumer market continues to fragment and wine and spirits present formidable competition, he said during a speech at the Beer Institutes annual meeting in White Plains, N.Y.Indeed, increased investment behind brands -- along with driving efficiency -- is a key presumption shaping the thinking of MillerCoors executives.There has never been a more critical time to invest, Long, the incoming chairman of the Beer Institute, said in his prepared remarks. We are a brand-driven industry. read more »
January 02, 2008 - Grupo Modelo and Molson Coors Brewing Company announced they have established a long-term joint venture
Deal expected to close in mid-2008. SABMiller plc and Molson Coors Brewing Company today announced that they have signed the definitive transaction agreement for the combination of the U.S. and Puerto Rico operations of their respective subsidiaries into MillerCoors LLC...."Brew" Blog
Deal expected to close in mid-2008.SABMiller plc and Molson Coors Brewing Company today announced that they have signed the definitive transaction agreement for the combination of the U.S. and Puerto Rico operations of their respective subsidiaries into MillerCoors LLC. Graham Mackay, Chief Executive of SABMiller, said, "Todays announcement is an important step forward towards completing the MillerCoors joint venture, a combination that will ultimately allow us to better meet the needs of di read more »
"I believe that a solid foundation was put in place."Norman Adami faced daunting challenges when he took the reins of Miller Brewing Company in March 2003. The brewer was in the midst of a 15-year decline. Miller Lite had slipped to the No. 3 light brand. Anheuser-Busch was firing on all cylinders. Consumer appeared to have grown bored with beer.The conventional wisdom held those facts were unchangeable. Hows that conventional wisdom held up? A-B has been losing market share since 2004. Miller L read more »
Files label application for new brew Maclachlans.Is Coors Brewing Company preparing an import as part of its announced push into higher-end brands?Coors European Properties GmbH, a related company, earlier this summer filed a trademark application with the U.S. Patent and Trademark Office for a beer called Maclachlans.That brew was launched this past May in Scotland by Coors sibling Carling. Its a dark beer that goes head to head with the likes of John Smiths.The trademark application was submit read more »