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Molson/Coors Employees not happy
Industry News by MTNOLE
This was a brief from Plan Sponsor. Interesting I thought. TROUBLE BREWING? Employees are suing Molson Coors Brewing Co. for failing to disclose that Adolph Coors Co. was not meeting profit targets before its merger with Molson Inc. this year. The suit says Molson Coors stock was "plainly unsuitable and imprudent'' as an investment option for the plan and its participants, and the defendants should have "taken appropriate action, including adoption of a reasonable policy of divestment, and elimination or restriction of further investment,'' Bloomberg reports. Molson Coors shares plunged 19% after the company reported a first-quarter loss of 74 cents a share instead of the 36 cent profit analysts expected.
19 years ago
Amen to that, PK. If that's the case, then the beer buying public may be changning their tastes, and wising up at the same time!!!!! We can only hope and pray. Oiz
quote: Originally posted by pksmith
I think that's a good sign. Now, I'd just like to see the profit margin for some of the craft brewers just to see if this is a trend.