Consumer Business Review: Molson Coors Goes To Central Europe, Amazon Goes To California
Molson Coors Brewing Company (NYSE:TAP) has created a new business segment through which to unite its current United Kingdom and Ireland units with its recently-purchased business in nine Central European countries. The new entity, Molson Coors Europe, will represent almost 38 percent of the company’s total beer volume.
Monster Worldwide (NYSE:MWW) shares move up on Monday on the news that the firm is in advanced discussions with a private equity firm regarding a buyout. Recently Monster has seen its stock move up and down on buyout rumors, but the current report seems a bit more definite.
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Amazon.com (NASDAQ:AMZN) will soon allow California vineyards to make wine available directly to consumers from its website. On Monday, the firm is hosting representatives from nearly 100 wineries there to outline details of its upcoming program in which where sellers will be charged 15 percent commissions on sales. It should be noted that this time, Amazon will not be involved with the shipping end of the deal.
Honda Motor Co. (NYSE:HMC) has expanded a recall concerning power steering problems to include 600,000 Accord mid-size sedans from documents filed with the NHTSA. Accords with V-6 engines built between 2003 and 2007 have been added to an original recall.