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Molson Coors Canada Inc
Symbol TPX
Shares Issued 18,151,936
Close 2014-10-17 C$ 80.75
Market Cap C$ 1,465,768,832
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Globe says Molson sees panel focus on the Beer Store

2014-10-20 06:44 ET - In the News

The Globe and Mail reports in its Saturday, Oct. 18, edition that a government panel recommends forcing the foreign cartel that owns the Beer Store to pay the province more money in exchange for its lucrative monopoly. The Globe's Adrian Morrow writes that panel leader Ed Clark says the Beer Store should not get this monopoly for free. He says: "It's clearly more profitable to [the Beer Store] to have this monopoly than to not have it. ... So now let's figure out what we're going to extract from it." The panel is advising Premier Kathleen Wynne on how to get more money out of government assets. Mr. Clark has made several preliminary recommendations. His most unexpected move was to push for the Beer Store to pay the Ontario treasury more. The monopoly is run by Molson Coors, InBev and Sapporo, and controls beer sales in the province. Mr. Clark says the government has several options for making the big brewers pony up more cash. They could be made to hand over a franchise fee for every location or for a certain volume of sales. The government could also levy a larger beer tax, but create rules that prohibit the Beer Store from passing the cost of the tax on to customers.

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