Brewers Retool, Get Leaner

Dear Client:  Last week, both Molson Coors and Pabst sent notice to wholesalers that they are getting leaner. For Molson Coors, it was the latest development in service of new chief Rahul Goyal's big restructuring push announced in late October, the most significant since 2019. Recall, the restructuring endeavored to "create a leaner, more agile Americas organization" while advancing the brewer's ability to reinvest for future growth. It meant the elimination of roughly 400 salaried positions across the Americas business