Who owns millercoors brewing

The deal needs to be approved by regulators, and would make Belgium's AB InBev, the world's largest brewer, even bigger and would give it a jump in emerging markets. It could mean rising beer prices around the world. Together, the company would dominate global beer sales with nearly 30 percent market share, three times its next rival, Heineken. Thirty are in Latin America. The company has been positioning itself for expansion in the developing world for years.

Revenues from Latin America for example have increased 6 percent on an annual basis over five years, and over 30 percent growth in international brands in the area, according to a recent earnings call. The continent is one of the world's strongest emerging markets for beer sales. MillerCoors will remain headquartered in Chicago; Hattersley said impact to staffing at the Chicago office would be "little to none. We have their statement. We'll see what happens," said Eric Shepard, executive editor of Beer Marketer's Insights, a trade publication covering the beer industry.

The larger question is how the beer industry in general aims to recapture market share ceded over the past decade, Shepard said. Despite the craft beer boom, which is now slowing, many consumers, and particularly women, now favor wine and spirits. Contrary to Hattersley's "business as usual" mantra, MillerCoors has been busy trying new things to reclaim those lost consumers.

This will reflect a decline of about employees, the company stated. Hattersley said in the third quarter earnings conference call that a significant portion of his job will be ensuring the success of the North American business unit. Molson Coors will close its Denver corporate branch. The company also announced that Milwaukee, home to the original Miller name, will house all functional support roles. The company has about corporate jobs and about brewery jobs in Milwaukee, said Marty Maloney, manager of media relations.

Ford recalls nearly , vehicles in the US: Here's what you need to know. The consolidation plan was announced as Molson Coors reported its third quarter earnings, which included revenue and income declines. Personal finance: This is how much the average American saves each year. Facebook Twitter Email.