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.