CANADA: Molson reiterates earning forecasts and cuts Brazilian costs
The Canadian brewer Molson has said it is confident of meeting its targets for earnings growth for the full year, but warned that it would be taking measures to combat the impact of the drop in value of the Brazilian currency. Molson said it was raising Brazilian beer prices and cutting costs in the market, where it acquired the Kaiser brewery last year, maling it the second biggest Brazilian beer maker behind Ambev.
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