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News Article Comments : Coors adds 3p to a pint
Coors Brewers is increasing its wholesale prices by 3p per pint from 29 September - citing massive cost inflation.
Coors has become the second major brewer, after InBev, to add a second price increase this year - Coors added 4p to a pint in February.
The Carling and Grolsch brewer said it made just 2p profit per pint in 2007 and the price of basic goods continues to rise.
“We are seeing input cost inflation of a magnitude that could cripple the UK beer industry,” said Coors chief executive Mark Hunter.
“Input costs, such as barley, diesel, metal and energy have risen well above inflation - barley, for instance, has gone up by more than 40% in the last year.
“It is no longer tenable to fully absorb the rate of input cost inflation and, after much deliberation, the company needs to make an extraordinary price increase of 3p a pint across on and off-trades from 29 September 2008.
“We have battled hard against the current trading environment with the support of our customers and a st
11 Posts(s) found for this thread: Now displaying page 1 of 2
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david atkinson 01/09/2008 11:03:34  |
coors add 3p to a pint, jdw freezes prices until march 2009 intresting or such i say buying power This post replies to this thread |
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kevin o'connor 01/09/2008 12:38:34 |
Just 2p a pint. So what was the profit margin on trade to off trade? How much did we subsidise the supermarkets? This post replies to this thread |
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| Charles Yaxley 01/09/2008 19:04:18 |
Coor blimey......but then again I don't stock any of their products! edited by: Charles Yaxley at: 01/09/2008 19:04:30 This post replies to kevin o'connor > RE: Coors adds 3p to a pint |
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| J Mark Dodds 01/09/2008 23:45:26 |
Who is 'we' when 'we subsidise the supermarkets'? Supermarkets are not subsidised by anyone any differently from the way PubCos and other major purchasers of beer are given volume discounts for product according to how the company purchasers wield their buying power. The difference between Supermarkets and PubCos is that the former pass on the benefit of their massive buying power to the Consumer and PubCos DO NOT. edited by: J Mark Dodds at: 01/09/2008 23:45:42 This post replies to kevin o'connor > RE: Coors adds 3p to a pint |
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| Forum user 3958 02/09/2008 00:20:37 |
Tax. Government tax is the main issue for the drinks industry, not the costs of production. It's the same issue as petrol and diesel prices increasing, they'd hardly be noticed if it wasn't for the grotesque levels of taxation on top. What would a pint be without tax? 50p! Tax on petrol and diesel is between 156% and 180%. What is wrong with the Chancellor returning all this lovely lolly taken from alcahol, cigarettes and fuel duty back to 17.5% VAT levels? Why do we put up with this fraud these taxes are "moral" or acceptable? They're not. They're simple tax grabbing by bankrupt politicians. This post replies to this thread |
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| D Smith 02/09/2008 07:07:03 |
Seems to me that if you are Enterprise or Punch no problem! On these forums a few weeks ago it was mentioned that they have a 'contracted annual price rise 'from the brewers! We shall see... This post replies to this thread |
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| kevin o'connor 02/09/2008 09:39:32 |
Simple economics, nothing to do with pubcos This post replies to J Mark Dodds > RE: Coors adds 3p to a pint |
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Peter Harvey 02/09/2008 12:39:40 |
I stock their products but I am very angry with Coors and some other brewers Coors advertise on TV promoting the drink at home image CANS and BOTTLES like the present Coors advert for Carling to do with the thermal image on cans going blue when cold enough what good is that doing the on trade NONE they would rather produce packaged products because of less waste and ease of manufacturing and then PRICE US OFF THE PLANET, I am not tied so I now am removing the majority of their products one at a time to rid my pub of the very companies who are in conspiracy with the government to shut down all pubs, its a pity I have to restrain my language what I think of them edited by: Peter Harvey at: 02/09/2008 12:40:11 This post replies to this thread |
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martin kay 02/09/2008 18:52:02 |
Peter, as a matter of interest which lagers will you stock? This post replies to Peter Harvey > RE: Coors adds 3p to a pint |
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| J Mark Dodds 02/09/2008 21:25:02 |
The discussion about the economic problems facing pubs barely ever crawls ahead from the points always made about government and supermarkets making conditions impossible for people to trade. Well times ARE tough there is no doubt but it's PubCos that take the lion's share of leased and tenanted pubs' profits which are almost exclusively the result of hard working individuals' endeavour and have little to do with any input from the Freeholder... this is rarely brought up in the same breath but is central to why pubs are failing across the UK... It's the elephant in the room that many people in the industry can't or won't see yet it is not complicated; overall there has been enough money in customers' pockets to go around the whole industry and make the majority survive downturn and recession but the fact is that PubCos enormous financial success and profits are the result of the profit being taken away from pubs and transferred into PubCo accounts. They have taken too much, sold the family silver and they only have themselves to blame for the dramatic crisis that is all around us. Look all around you for the direct physical evidence of closed pubs in viable locations and then look out soon for more statistics showing terrible consequences of the PubCos inability to develop long term sustainable businesses due to their rapacious need to outperform each other and give better bonus packages to their employees and shareholders... all the time at the expense of the livelihood of their 'customer' tenants. edited by: J Mark Dodds at: 02/09/2008 21:25:07 This post replies to this thread |
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