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Hello, communicators:
Molson Coors has announced plans to retire 11 of its under-performing budget beer brands and instead lean more heavily into its premium beers and hard seltzers.
“This will improve our supply chain flexibility for our more profitable priority brands, enhance our innovation efforts, enable us to better focus resources and ensure dependable and on-time shipments to our distributors,” Molson Coors CEO Gavin Hattersley said in a blog post.
“Distributors who sell brands like Magnum and Mickey’s are going to feel it when they are discontinued,” Hattersley added in an earnings call according to Food and Wine. “So, our local sales teams are partnering with distributors and retailers on a market-by-market basis on exit plans and to identify swaps that make sense.”
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