Shares of Molson Coors Brewing Company (NYSE:TAP) ended Wednesday session in red amid volatile trading. The shares closed down -0.68 points or -0.64% at $105.93 with 1.65 million shares getting traded. Post opening the session at $106.23, the shares hit an intraday low of $105.78 and an intraday high of $107.55 and the price vacillated in this range throughout the day. The company has a market cap of $23.26 billion and the numbers of outstanding shares have been calculated to be 193.92 million shares.
Molson Coors Brewing Company (TAP) on August 11, 2016 announced that payments technology executive Betty DeVita has joined its board of directors. Her nomination was approved at the Company’s most recent Annual Stockholder meeting.
DeVita is the chief commercial officer, Commerce Platform, at Mastercard, focused on expanding adoption of the company’s digital solutions. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.
“We welcome Betty to our board and look forward to benefitting from her extensive experience leveraging consumer insights and digital commerce,” said Geoff Molson, Chairman of Molson Coors Brewing Company. “She brings tremendous capabilities in the areas of global brand building, innovation and building value-added partnerships around the world, all of which are essential ingredients in our pursuit of becoming the first choice for consumers and customers.”
Shares of Unilever N.V. (ADR) (NYSE:UN) ended Wednesday session in red amid volatile trading. The shares closed down -0.17 points or -0.36% at $47.35 with 1.88 million shares getting traded. Post opening the session at $47.65, the shares hit an intraday low of $47.27 and an intraday high of $47.65 and the price vacillated in this range throughout the day. The company has a market cap of $140.75 billion and the numbers of outstanding shares have been calculated to be 1.28 billion shares.
On July 20, 2016 Unilever announced that it has signed an agreement to purchase Dollar Shave Club®. Founded in 2012 and headquartered in Venice, California, Dollar Shave Club (DSC) has grown into a full male grooming business that has transformed the shaving category with its lifestyle brand empowering 3.2 million members. In 2015, DSC had turnover of US$152 million and is on track to exceed US$200 million in turnover in 2016. Terms of the transaction were not disclosed.
With a product and brand range that extends far beyond shaving to include Wanderer® men’s personal wash products, Big Cloud® men’s skin care products, Boogies® hair styling products, and One Wipe Charlies® daily wipes, Dollar Shave Club® brings to Unilever’s personal care category a unique male grooming perspective.
“Dollar Shave Club is an innovative and disruptive male grooming brand with incredibly deep connections to its diverse and highly engaged consumers,” said Kees Kruythoff, President of Unilever North America. “In addition to its unique consumer and data insights, Dollar Shave Club is the category leader in its direct-to-consumer space. We plan to leverage the global strength of Unilever to support Dollar Shave Club in achieving its full potential in terms of offering and reach.”
Michael Dubin, founder and CEO of Dollar Shave Club, added: “DSC couldn’t be happier to have the world’s most innovative and progressive consumer-product company in our corner. We have long admired Unilever’s purpose-driven business leadership and its category expertise is unmatched. We are excited to be part of the family.”