July 16, 2008 |
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.
September 4, 2009 |
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.
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.
November 11, 2010 |
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.
January 17, 2012 |
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.
January 10, 2012 |
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.