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The company's new restructuring plan will relocate its headquarters to Chicago, consolidate its leadership teams, and slash 400 to 500 jobs.
Molson Coors announced massive restructuring on Wednesday, which will kill the MillerCoors brand and slash up to 500 jobs.
Molson Coors, which sells brand such as Coors Light and Miller Lite, saw a 5.6% decline in global volume during the second quarter.
The bank's analysts said they are concerned the brewer needs to spend more to maintain its market share and boost investments for its premium brands.
Brands like Apple and Molson Coors think a future of extreme weather and climate disasters will be profitable
Thousands of company disclosures reveal that brands like Apple, Coca-Cola, and Philip Morris think climate change will help them make money.
The CEO of Molson Coors says the market for cannabis-infused beverages could be worth billions. Here’s why it’s ‘chasing down’...
The CEO of Molson Coors said on the company's earnings call that cannabis beverages could be a $3 billion market in Canada alone.
Molson Coors is entering a joint venture with The Hydropothecary Corporation, a Canadian marijuana producer, to make non-alcoholic cannabis-infused beverages. It's the latest sign that beer makers and alcohol brands are pushing into the cannabis industry.
Pete Coors, chairman of MoulsonCoors, wrote in an op-ed Tuesday that President Trump's new aluminum tariffs are damaging the beer business — and consumers will pay more because of the measure.
Cobra beer owner Lord Bilimoria says these 3 things kept his business afloat during financial crises
Lord Bilimoria told Business Insider the three things that kept Cobra beer alive, during its darkest days.