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Molson Coors Canada Inc
Symbol TPX
Shares Issued 18,151,936
Close 2014-10-21 C$ 83.37
Market Cap C$ 1,513,326,904
Recent Sedar Documents

Globe says Wynne wants to milk Molson's JV monopoly

2014-10-22 05:21 ET - In the News

The Globe and Mail reports in its Wednesday, Oct. 22, edition that Ontario Premier Kathleen Wynne is prepared to shake down the Beer Store in exchange for maintaining the government-enforced monopoly it enjoys on most beer sales. A Globe editorial says the Beer Store is not a government asset -- it is a private, provincially legislated cartel, owned by Molson Coors, InBev and Sapporo. Which, according to The Globe, is worse. Ms. Wynne is "absolutely willing" to take a look at ideas like charging the Beer Store a franchise fee or raising beer taxes -- costs the Beer Store would somehow not be allowed to pass on to customers. The Globe says, "End the monopoly" has somehow morphed into "milk it." The Beer Store says its monopoly keeps costs down, and prevents minors from buying beer and harming themselves under its influence. The Globe says, in jest, a so-called Fast Food Store could accomplish as much social good by being given a monopoly on the warehousing, distribution and sale of all of the province's quick service meals, which could be delivered through a hole in the wall on rollers -- just like at The Beer Store. The Globe favours ending the Beer Store's monopoly.

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