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BUSINESS
January 16, 2012 | By Tiffany Hsu
Beer had a lackluster year in 2011, with the latest estimates showing U.S. shipments at their lowest levels since 2003 as major manufacturers such as Anheuser-Busch and Heineken USA took tumbles. Worldwide, suds shipments were down 2.9 million barrels, or 1.4%, from 2010, according to the latest newsletter from Beer Marketer's Insights. Top-ranked Anheuser-Busch, which owns Budweiser, Michelob, Beck's and more, saw shipments slip 2.9 million barrels - or 2.9% -- to 98,800 barrels.
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ENTERTAINMENT
April 23, 2014 | By Joe Flint
FX Networks has brewed up a big deal with MillerCoors. The cable unit of 21st Century Fox has struck a three-year deal with MillerCoors that will make the brewer the official beer sponsor for the FX, FXX and FXM networks. The agreement is non-exclusive, meaning FX Networks will still be able to sell commercial time to other beer makers. However, MillerCoors will have exclusivity on any product-placement in FX Networks' programs and a first-look deal for future shows. PHOTOS: Behind the scenes of movies and TV MillerCoors already has a visible presence on FX Networks.
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BUSINESS
October 21, 2008 | From Times Wire Reports
MillerCoors has said goodbye to Zima. The joint venture between SABMiller's U.S. unit and Molson Coors Brewing Co. told distributors in a letter that production of the malt liquor beverage was discontinued Oct. 10. Chief Marketing Officer Andy England attributed the decision to weakness in the "malternative" segment and declining consumer interest. He said Zima inventories would probably last through December.
BUSINESS
January 17, 2012 | By Tiffany Hsu, Los Angeles Times
Beer sales were lackluster in 2011, with the latest estimates showing U.S. shipments at their lowest levels since 2003 as major brewers such as Anheuser-Busch and Heineken USA experienced downturns. Worldwide, suds shipments were down 2.9 million barrels, or 1.4%, from 2010, according to the latest newsletter from trade publication Beer Marketer's Insights. Although the plunge in volume wasn't huge, the industry should take it seriously, the publication said. "Big brewers need to regain drinking occasions taken by spirits over the last decade, especially among Millennials," the group wrote in a recent blog post.
BUSINESS
July 16, 2008 | From Times Wire Services
MillerCoors executives say the headquarters for their new joint venture will be in Chicago. The company chose not to settle in Milwaukee, where Miller Brewing Co. is based, or in Golden, Colo., the home of Molson Coors Brewing Co. MillerCoors said early on that it wanted to settle in a neutral site, but executives pledged to maintain a strong presence in each hometown. The company said it would invest $50 million in the Milwaukee brewery to increase production and pour $100 million into the Golden plant to reconfigure operations.
BUSINESS
January 31, 2010
USDA cuts price-rise prediction Retail food prices in the U.S. will rise 2.5% to 3.5% this year, less than forecast in December, as costs for seafood, fats and oils decline, the U.S. Department of Agriculture said. "Recovering global economies will lead to increased commodity and energy costs combined with stronger domestic and global food demand to push inflation up from the low 2009 levels," USDA food economist Ephraim Leibtag said. The department reduced its forecast for fish and seafood price gains to 3.5% to 4.5%, from 4% to 5% last month, and lowered its prediction for increases in fats and oils to 3% to 4%, from 4% to 5%. Food consumed at home and meals bought at restaurants will rise 2.5% to 3.5%, according to the report.
BUSINESS
September 4, 2009 | Mike Hughlett
Like the diet trade, the beer business has bred a lot of fads. Remember "ice" beer's glory days, or how about "dry" beer? And what are either of them anyway? Chicago-based MillerCoors is trying to prove that its new brew -- sort of a diet beer -- is no fad, and so far its sales momentum continues to increase. The company's MGD 64, which has just 64 calories, has been one of the biggest success stories in the beer world over the last year. Archrival Anheuser-Busch has taken notice, this month launching Select 55, a 55-calorie brew that it touts as the world's lowest-calorie beer.
BUSINESS
November 11, 2010 | By Emily Bryson York
Unemployment is still taking a toll on some of America's best beer customers: men in their 20s and 30s. But don't count big beer out yet. It's beginning to show signs of improvement. Last week, Chicago-based MillerCoors cited continued sales declines for major brands such as Miller Lite and Coors Light, and even steeper declines for value-price brands. "We're in unprecedented water in the beer business," MillerCoors Chief Executive Leo Kiely said, noting that U.S. beer sales have posted moderate increases annually, with the exception of 1992.
BUSINESS
January 10, 2012 | By Emily Bryson York, reporting from Chicago
Coors Light surpassed Budweiser in 2011 to become the country's No. 2-selling beer, according to the trade publication Beer Marketer's Insights. The milestone, which has been widely anticipated for more than a year, is the result of years of declines by Budweiser, the only full-calorie beer in the top five U.S. beers, according to data from SymphonyIRI, a Chicago-based market research firm. Bud Light is the top-selling beer by a sizable margin. Miller Lite is fourth, with Natural Light rounding out the top five, according to SymphonyIRI data for the 52 weeks-ended October 21. Coors Light, handled by Chicago-based Miller Coors, has been posting slow but steady growth.
BUSINESS
January 17, 2012 | By Tiffany Hsu, Los Angeles Times
Beer sales were lackluster in 2011, with the latest estimates showing U.S. shipments at their lowest levels since 2003 as major brewers such as Anheuser-Busch and Heineken USA experienced downturns. Worldwide, suds shipments were down 2.9 million barrels, or 1.4%, from 2010, according to the latest newsletter from trade publication Beer Marketer's Insights. Although the plunge in volume wasn't huge, the industry should take it seriously, the publication said. "Big brewers need to regain drinking occasions taken by spirits over the last decade, especially among Millennials," the group wrote in a recent blog post.
BUSINESS
January 16, 2012 | By Tiffany Hsu
Beer had a lackluster year in 2011, with the latest estimates showing U.S. shipments at their lowest levels since 2003 as major manufacturers such as Anheuser-Busch and Heineken USA took tumbles. Worldwide, suds shipments were down 2.9 million barrels, or 1.4%, from 2010, according to the latest newsletter from Beer Marketer's Insights. Top-ranked Anheuser-Busch, which owns Budweiser, Michelob, Beck's and more, saw shipments slip 2.9 million barrels - or 2.9% -- to 98,800 barrels.
BUSINESS
January 10, 2012 | By Emily Bryson York, reporting from Chicago
Coors Light surpassed Budweiser in 2011 to become the country's No. 2-selling beer, according to the trade publication Beer Marketer's Insights. The milestone, which has been widely anticipated for more than a year, is the result of years of declines by Budweiser, the only full-calorie beer in the top five U.S. beers, according to data from SymphonyIRI, a Chicago-based market research firm. Bud Light is the top-selling beer by a sizable margin. Miller Lite is fourth, with Natural Light rounding out the top five, according to SymphonyIRI data for the 52 weeks-ended October 21. Coors Light, handled by Chicago-based Miller Coors, has been posting slow but steady growth.
BUSINESS
August 2, 2011 | By Emily Bryson York
Tom Long, MillerCoors' new chief executive, wants to prove that big beer hasn't gone flat. But persistently high unemployment, an uncertain economy and young consumers' shrinking thirst for mainstream beer are standing in his way. A month since taking the reins of MillerCoors, Long is shifting the Chicago company from cost-cutting to growth mode. SABMiller of London and Molson Coors Brewing Co. of Denver merged their U.S. operations in 2008 to better compete with Anheuser-Busch of St. Louis, the world's largest brewer, which is owned by Belgium-based Anheuser-Busch InBev.
BUSINESS
November 11, 2010 | By Emily Bryson York
Unemployment is still taking a toll on some of America's best beer customers: men in their 20s and 30s. But don't count big beer out yet. It's beginning to show signs of improvement. Last week, Chicago-based MillerCoors cited continued sales declines for major brands such as Miller Lite and Coors Light, and even steeper declines for value-price brands. "We're in unprecedented water in the beer business," MillerCoors Chief Executive Leo Kiely said, noting that U.S. beer sales have posted moderate increases annually, with the exception of 1992.
BUSINESS
January 31, 2010
USDA cuts price-rise prediction Retail food prices in the U.S. will rise 2.5% to 3.5% this year, less than forecast in December, as costs for seafood, fats and oils decline, the U.S. Department of Agriculture said. "Recovering global economies will lead to increased commodity and energy costs combined with stronger domestic and global food demand to push inflation up from the low 2009 levels," USDA food economist Ephraim Leibtag said. The department reduced its forecast for fish and seafood price gains to 3.5% to 4.5%, from 4% to 5% last month, and lowered its prediction for increases in fats and oils to 3% to 4%, from 4% to 5%. Food consumed at home and meals bought at restaurants will rise 2.5% to 3.5%, according to the report.
BUSINESS
September 4, 2009 | Mike Hughlett
Like the diet trade, the beer business has bred a lot of fads. Remember "ice" beer's glory days, or how about "dry" beer? And what are either of them anyway? Chicago-based MillerCoors is trying to prove that its new brew -- sort of a diet beer -- is no fad, and so far its sales momentum continues to increase. The company's MGD 64, which has just 64 calories, has been one of the biggest success stories in the beer world over the last year. Archrival Anheuser-Busch has taken notice, this month launching Select 55, a 55-calorie brew that it touts as the world's lowest-calorie beer.
BUSINESS
September 20, 2008 | From the Associated Press
MillerCoors is putting on hold its plans for a new caffeine-infused alcoholic energy drink pending a talk with the group of states that asked it this week to abandon the launch of Sparks Red. MillerCoors said in a statement Friday that it wouldn't go ahead with the launch of the drink, which had been scheduled for Oct. 1. On Wednesday, attorneys general from 25 states asked the company, a joint venture between SABMiller's U.S. unit and Molson Coors Brewing Co.
BUSINESS
September 18, 2008 | From the Associated Press
Twenty-five states asked beverage maker MillerCoors on Wednesday to abandon plans for a new caffeine-infused alcoholic energy drink. Connecticut Atty. Gen. Richard Blumenthal said in a statement that the Sparks Red drink was a "recipe for disaster" because adding caffeine to alcoholic beverages reduces drinkers' sense of intoxication. Blumenthal, California Atty. Gen.
BUSINESS
August 26, 2009 | Jerry Hirsch
Here's some sobering news: Beer prices are going up. The nation's two largest beer sellers said Tuesday that they plan to raise prices, although they provided few specifics. "We feel like we will take a moderate price increase on our portfolio," said Peter Marino, spokesman for MillerCoors of Chicago, maker of Miller Lite and Coors Light. He blamed the need to raise prices on rising expenses. Like other food manufacturers, brewers have been hit by commodity price increases in recent years, but have not been as aggressive about raising prices, analysts said.
BUSINESS
October 21, 2008 | From Times Wire Reports
MillerCoors has said goodbye to Zima. The joint venture between SABMiller's U.S. unit and Molson Coors Brewing Co. told distributors in a letter that production of the malt liquor beverage was discontinued Oct. 10. Chief Marketing Officer Andy England attributed the decision to weakness in the "malternative" segment and declining consumer interest. He said Zima inventories would probably last through December.
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