Molson Coors Cuts 500 Jobs in North America, Shifts Headquarters to Chicago

Fortune -

Fortune—Move is part of a turnaround plan to resuscitate sales.

Molson Coors changes its name, will cut up to 500 jobs. Molson Coors is struggling as younger drinkers continue to shun mass-produced beer for trendy beverages like White Claw and other "spiked seltzers." The company announced Wednesday that it's laying off workers — and subtly changing its name. Its official corporate moniker is Molson Coors Brewing Company. But its new name will be Molson Coors Beverage Company. Molson Coors, which also makes Coor's Light, Blue Moon and a number of other beers, announced the changes in conjunction with its latest...