From BizJournals.com | Chicago-based MillerCoors reported Tuesday that sales to retailers fell 2.6 percent in the fiscal year that ended March 31.
MillerCoors
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MillerCoors 4Q net income jumps 38%
MillerCoors, the second-largest brewer in the United States, posted a 38 percent rise in fourth-quarter net income, as cost savings and better trends for its premium light brands offset soft industry volumes. Get the full story »
Miller to roll out MGD 64 Lemonade for summer
MillerCoors LLC plans to launch a lemonade-flavored version of low-calorie beer MGD 64, the latest effort by a big U.S. brewer to rejuvenate sales.
MillerCoors, the second-largest U.S. beer maker by revenue, will introduce MGD 64 Lemonade as a limited-edition summer brand in May. Get the full story »
MillerCoors profit up despite sluggish beer sales
MillerCoors said cost cuts and price increases helped it improve third-quarter profit 36 percent despite soft sales in a “sluggish U.S. beer market.” Excluding special items, net income increased to $334 million from a year ago. Get the full story »
MillerCoors grooms Tom Long, its No. 2
From The Wall Street Journal | MillerCoors LLC’s No. 2 executive, Tom Long, will share an office with Chief Executive Leo Kiely, the brewer told employees, in the latest sign that the company is grooming Mr. Long to lead the second-largest U.S. beer maker by sales.
SABMiller, others eye Foster’s beer unit
Brewing groups SABMiller and Asahi Breweries are looking at Foster’s Group’s beer operations, valued at more than $10 billion, but have not yet made any formal offers, sources said. Long-running interest in the Australian brewer’s beer business, know as Carlton & United Breweries, resurfaced on Monday after newspaper reports said SABMiller was considering buying Australia’s biggest brewer.
Foster’s said in May it would split the beer unit from its ailing wine business, putting its valuable beer operations with brands including Foster’s Lager, Victoria Bitter and Pure Blonde at the centre of takeover talk in the brewing world. Get the full story »
Aug. 12, 2010 at 5:04 p.m.
Filed under: MillerCoors creates company for craft beers
MillerCoors has created a separate, independent company to handle its portfolio of craft and import beers.
The company says its Tenth and Blake Beer Company is open for business and will focus on the segments, which are among the fastest-growing in the otherwise stagnant beer industry. The company’s brands include Blue Moon, Leinenkugel’s and Peroni Nastro Azzurro.
MillerCoors profit up 28% as sales declines ease
MillerCoors says its second-quarter net income rose 28 percent as it benefited from cost-cutting and a smaller decline in the amount of beer sold.
The U.S. brewer of Molson Coors and SABMiller brands says revenue edged down less than 1 percent to $2.13 billion. The company’s sales to retailers fell 2.4 percent. The declined eased from the first quarter, when the figure fell 4 percent.
It’s official: Pabst Blue Ribbon acquired by tycoon
Pabst Blue Ribbon, the no-frills beer that was lately embraced by thrifty young urbanites, has been acquired by a Connecticut tycoon known for reinvigorating food brands.
Investor C. Dean Metropoulos closed a deal to buy Pabst Brewing Co Friday for an undisclosed sum from the California-based charitable organization that owned it, said Lou Giraudo, who was chairman of the board of Pabst prior to the sale.
Giraudo declined to discuss price other than to say that previously published figures of about $250 million were incorrect. Metropoulos was not immediately available for comment. Get the full story »
MillerCoors starts program to raise cash for vets
From the Milwaukee Business Journal | MillerCoors LLC. has introduced a bottle cap and can tab collection program that will contribute as much as $1 million in cash and other incentives for those who have served in the wars in Iraq and Afghanistan.
