A federal magistrate judge last Thursday filed a report and recommendation order largely siding with Stone Brewing’s claims that MillerCoors did not provide all available marketing materials for its Keystone brand during the lawsuit’s discovery phase.
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 filed two motions Tuesday night in its ongoing lawsuit with MillerCoors in an effort to unseal its heavily redacted counterclaim accusing its top competitor of stealing its trade secrets and receive a summary judgement.
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.
In this week’s Last Call: Breakside Brewing Implements Employee Stock Ownership Plan; The Brewers Association Shares Brewery Employee Diversity Data; Guns N’ Roses and CANarchy Settle Lawsuit; Anheuser-Busch Rolls Out Bud Light College Branded Packaging.
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 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.
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.
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.
In the latest edition of Press Clips: The Boston Globe outlines the turmoil within the Craft Beer Cellar franchise; Texas beer-to-go sales amendment passes the House; Arcadia founder transfers brewery property ownership to its bank; and Anheuser-Busch responds to MillerCoors’ corn syrup lawsuit.
Stone Brewing’s initial attempt to prevent MillerCoors from selling rebranded Keystone Light products has come up short. On Tuesday, a federal judge denied Stone’s motion for a preliminary injunction as well as the San Diego-based craft brewery’s attempt to dismiss MillerCoors’ counterclaims.
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.
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.