Lack of Leadership (and maybe pricing) At Root of Beer Industry’s Woes

Dear Client:Last week, Evercore summed the main theme of Bump Williams' inaugural conference thusly: Lack of leadership from the largest brewers is at least in part to blame for industry woes.Specifically, there was vacuum of leadership "from ABI, with MillerCoors taking a strong supporting role (speakers generally refrained from mentioning either company by name, but it was obvious who they referred to; of the major suppliers, only senior management from STZ was in the audience)," per firm.That theme dominated a