Last $70.68 USD
Change Today -1.16 / -1.61%
Volume 1.3M
TAP On Other Exchanges
Symbol
Exchange
New York
New York
Frankfurt
As of 8:04 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

molson coors brewing co -b (TAP) Key Developments

Molson Coors Settles Lawsuit with Miller over Brand Distribution in Canada

Molson Coors and SABMiller are ending their 30-year relationship in Canada. Molson Coors will no longer distribute SABMiller beers in Canada after next April, under a settlement between the two multinational brewing companies. Molson Coors had sued to retain the Canadian distribution rights to beers such as Miller Genuine Draft and Miller Lite after SABMiller subsidiary Miller Brewing Co. gave notice in late 2012 that it wanted to end the agreement. Miller had alleged that Molson's Canadian subsidiary failed to meet volume sales targets and said it could do a better job of growing its own brands. Terms of the settlement, which averts a trial that was to take place later this year, were not immediately disclosed but spokesmen for both companies said they expect minimal disruption as a result of the split. The Miller beers under the distribution agreement represent less than 1% of Molson Coors' worldwide volume and around 5% of its Canadian volume.

Molson Coors Brewing Company Announces Management Changes

Simon Cox succeeds Mark Hunter who will take over the global reins of Molson Coors Brewing Company (MCBC) when current President and CEO Peter Swinburn retires at the end of the year.

Heineken Is Reportedly In Talks To Sell Czech Operations To Molson Coors

Heineken NV (ENXTAM:HEIA) is reportedly in talks to sell its Czech operations to Molson Coors Brewing Company (NYSE:TAP). "The talks are already a reality even if it is not certain how they will turn out," daily Lidove Noviny quoted one of two sources as saying. A Heineken spokesman declined to comment and the spokesman for Staropramen which is owned by Molson Coors, was not available to comment.

Molson Coors Brewing Company Announces Management Changes

Molson Coors Brewing Company announced that Simon Cox, 46, Managing Director of Molson Coors - UK and Ireland, will take over as CEO Europe succeeding Mark Hunter, who will take the top job at Molson Coors Brewing company when current President and CEO Peter Swinburn retires at the end of the year. The position reports directly to the CEO of the global business and serves on the company's Executive Leadership Team. Cox, a Master Brewer by training, is currently Managing Director of the UK and Ireland for Molson Coors. He has held a number of senior leadership positions with Carlsberg and Molson Coors since he joined the industry in 1989. Simon Cox's position as CEO Molson Coors Europe is effective from January 1, 2015.

Molson Coors and Heineken Expand Marketing Partnership in Canada

Molson Coors Brewing Company and Heineken N.V., announced that they have expanded their marketing partnership in Canada, whereby Molson Coors Canada will assume responsibility for distributing five additional Heineken brands in Canada. The new, multi-year agreement further strengthens the existing Molson Coors and Heineken relationship, which has developed over the past two decades. In addition to Heineken, Murphy's, Newcastle and Strongbow, Molson Coors Canada will assume the rights to market and sell Dos Equis, Sol, Tecate, Birra Moretti and Desperados. Beginning on January 1, 2015, Molson Coors Canada will have the rights to market and distribute these brands on behalf of Heineken. As part of the new agreement, Molson Coors has also agreed to extend the existing partnership with Heineken to distribute Coors Light in Ireland.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TAP:US $70.68 USD -1.16

TAP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Beijing Yanjing Brewery Co Ltd CNY6.67 CNY -0.11
Brown-Forman Corp $88.43 USD +0.35
Davide Campari-Milano SpA €5.53 EUR +0.085
Greene King PLC 791.00 GBp +1.50
Tsingtao Brewery Co Ltd CNY38.24 CNY -0.56
View Industry Companies
 

Industry Analysis

TAP

Industry Average

Valuation TAP Industry Range
Price/Earnings 18.3x
Price/Sales 3.2x
Price/Book 1.5x
Price/Cash Flow 15.0x
TEV/Sales 1.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MOLSON COORS BREWING CO -B, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.