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Post by Habs_fan_in_LA on Jan 19, 2006 12:46:53 GMT -5
Molson's has sold their investment in Brazil brewing after over $1B in losses and lost investment capital.
This investment was the reason they sold the non-core brewing assets to Lucky Gillett. (or smart Gillett)
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Post by Toronthab on Jan 19, 2006 18:57:26 GMT -5
Molson's has sold their investment in Brazil brewing after over $1B in losses and lost investment capital. This investment was the reason they sold the non-core brewing assets to Lucky Gillett. (or smart Gillett) Trouble brewing in Brazil... |
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Post by Habit on Jan 21, 2006 4:21:12 GMT -5
Molson's has sold their investment in Brazil brewing after over $1B in losses and lost investment capital. This investment was the reason they sold the non-core brewing assets to Lucky Gillett. (or smart Gillett) Wasn't the reason they sold non-core assets was the merger with Coors? |
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Post by MC Habber on Jan 21, 2006 5:17:54 GMT -5
Molson's has sold their investment in Brazil brewing after over $1B in losses and lost investment capital. This investment was the reason they sold the non-core brewing assets to Lucky Gillett. (or smart Gillett) Wasn't the reason they sold non-core assets was the merger with Coors? They were working on that merger for that many years? |
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Post by Habs_fan_in_LA on Jan 21, 2006 14:29:16 GMT -5
Molson's has sold their investment in Brazil brewing after over $1B in losses and lost investment capital. This investment was the reason they sold the non-core brewing assets to Lucky Gillett. (or smart Gillett) Wasn't the reason they sold non-core assets was the merger with Coors? Molson's saw great growth in Brazil and planned an aquisition. They spent $800M (approx) to buy the assets. They lost money every year and the stock plumeted. In order to satisfy shareholders, they developed a plan to eliminate all non-core non profitable assets. The Hab's and Stadium were not profitable and consumed capital. It was long before talks with Coors. |
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