Posted Jan 8, 2015, 5:22 PM
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The Vomit Bag.
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Join Date: Oct 2003
Location: Otisburgh
Posts: 44,921
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How The Beer Store lobby wins friends and influences politicians: Cohn
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The privately-owned Beer Store is a case study in high-powered lobbying in Ontario, the Wild West of political fundraising.
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“The beer industry in Canada, and particularly in Ontario, is one of the most successful, rewarding businesses anywhere in the world,” he [Jan Westcott, CEO of Spirits Canada] said in an interview. “It’s a very highly profitable business.”
He says the big brewers earn an impressive 50-per-cent gross margin here (the difference between revenues and direct costs incurred), thanks in large part to The Beer Store’s minimal investments in retailing and low distribution costs. The continuing strong cash flow finances a powerful lobbying effort.
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Always remember this:
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The Beer Store is 49-per-cent owned by Labatt Brewing Company Ltd., a subsidiary of Anheuser-Busch InBev of Belgium. Another 49-per-cent stake is held by Molson Coors Canada, controlled by Molson Coors Brewing Co., incorporated in Delaware and headquartered in Colorado (it also keeps corporate offices in Montreal). Japanese-owned Sleeman holds the remainder.
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Puzzled by the inertia? The Beer Store’s longevity defies logic — until you factor in the lobbying. And the donating.
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__________________
The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts. (Bertrand Russell)
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