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Article: Coors Brewing Company Prepares Investment Proposal For Korean Brewing Operations
- Article from:
- PR Newswire
- Article date:
- April 10, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GOLDEN, Colo., April 10 /PRNewswire/ -- Coors Brewing Company today announced that it is evaluating the business outlook for Jinro-Coors Brewing Company (JCBC) and is in the process of preparing a proposal to invest in the South Korean brewing operation.
Peter M.R. Kendall, senior vice president and chief international officer of Coors Brewing Company (CBC), said, "Contrary to the impression left by recent media reports, Coors continues to be very interested in the Korean beer market -- and particularly in this operation. Jinro-Coors Brewing Company has a world-class facility and a substantial market presence in Korea with its flagship beer, CASS Fresh. With ...