Articles Tagged with 'MillerCoors'

Molson Coors Announces Plan to Restructure Business, Cut Workforce and Invest in New Brands

Molson Coors Announces Plan to Restructure Business, Cut Workforce and Invest in New Brands

Molson Coors today announced a sweeping restructuring and revitalization plan aimed at reinvesting $150 million annually in its core products, above-premium offerings, new innovations in the beyond beer space and digital capabilities. In order to achieve the savings, Molson Coors is consolidating its business units and office footprint and slashing its workforce.

Anheuser-Busch Accuses MillerCoors of Stealing Confidential Beer Recipes

Anheuser-Busch Accuses MillerCoors of Stealing Confidential Beer Recipes

The legal battle between the two largest beer makers in the U.S. escalated today, as Anheuser-Busch today accused MillerCoors of breaking state and federal laws by stealing trade secrets regarding beer recipes for its two top-selling brands, Bud Light and Michelob Ultra. In the heavily redacted 66-page amended complaint and counterclaim filed in the U.S. District Court for the Western District of Wisconsin, A-B alleges that two of its former employees who now work for MillerCoors and its parent company Molson Coors either shared confidential trade secrets with their current employers or sought information from current employees about the making of A-B products.

MillerCoors to take Saint Archer Gold National in 2020

MillerCoors to take Saint Archer Gold National in 2020

In the competition for active lifestyle consumers, MillerCoors believes its found an answer to Anheuser-Busch’s popular Michelob Ultra brand. The United States’ second-largest beer company announced today plans to begin nationally distributing Saint Archer Gold — its 95-calorie, 2.6 carb light lager — beginning January 1, 2020.

Molson Coors Revenue Down 3 Percent Halfway Through 2019

Molson Coors Revenue Down 3 Percent Halfway Through 2019

Molson Coors released its second-quarter financial results today, but following news of a shakeup at the top of the company, the focus of the multinational beer manufacturer’s call with investors and analysts was on the future direction of the company.

MillerCoors Awarded Partial Preliminary Injunction in Battle Over Corn Syrup Ads

MillerCoors Awarded Partial Preliminary Injunction in Battle Over Corn Syrup Ads

Following a federal judge’s ruling Friday evening, Anheuser-Busch InBev will be required to pull some Bud Light advertisements that suggest MillerCoors’ flagship light lagers, Miller Lite and Coors Light, contain corn syrup. Western District of Wisconsin Judge William Conley granted MillerCoors a “narrow in scope” preliminary injunction, blocking A-B from displaying billboards that say Bud Light contains “100% less corn syrup” than its rival’s lagers, as well as broadcasting a pair of television ads that he deemed “misleading.” The judge also denied A-B’s motion to dismiss the case.

Molson Coors’ US Shipments, Depletions Decline in Q1

Molson Coors’ US Shipments, Depletions Decline in Q1

Worldwide sales of Molson Coors offerings in the first quarter declined 1.2 percent, to $2.3 billion, the company reported today. Molson Coors reported a 4.7 percent decline in worldwide brand volumes, to 18.2 million hectoliters. Nevertheless, the company’s net sales per hectoliter increased 2.3 percent through March 31.

March Madness Ushers In New TV Ads from Major Brewers

March Madness Ushers In New TV Ads from Major Brewers

The NCAA men’s basketball tournament officially tips off on Thursday, and several major beer manufacturers are already jockeying for fans’ attention. MillerCoors, Anheuser-Busch InBev, Craft Brew Alliance (CBA) and D.G. Yuengling are among the beer companies hoping consumers will want to catch a buzz with their products while watching for buzzer beaters this month.

Pabst, MillerCoors Reach Settlement in Contract Brewing Dispute

Pabst, MillerCoors Reach Settlement in Contract Brewing Dispute

After a month of arguments in a Milwaukee courtroom, Pabst Brewing Company and MillerCoors have settled a lawsuit that Pabst claimed could have put the 174-year-old beer company out of business. Terms of the settlement were not disclosed.