SLEEMAN PLAN
May 1st, 2005
BY MONICA DOBIECANADA'S Sleeman Breweries Ltd will cut costs and raise its prices in the face of a first quarter profit slump from CDN$2.2 million a year ago to CDN$1.6 million for this January-March.The Ontario-based move comes at a time when the company is trying to stay attractive to consumers during an on-going price war in the province.At the company's annual meeting, CEO John Sleeman told shareholders he would trim administrative, warehousing and distribution costs.Mr Sleeman blamed an ongoing price war amongst brewers in its key Ontario market for ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.