Molson Canada

Molson Canada

April 19, 2007 07:00 ET

Molson Family Honored for its Legacy of Entrepreneurship

Montreal brewing family joins Forbes family as 2007 inductees into Babson College Academy of Distinguished Entrepreneurs

WELLESLEY, MASSACHUSETTS--(CCNMatthews - April 19, 2007) - Babson College, the number 1 business school for entrepreneurship in the U.S., today honors the entrepreneurial contributions of family businesses when it enrolls the Molson (Molson Coors Brewing Company) and Forbes families into Babson's Academy of Distinguished Entrepreneurs (ADE), the world's first entrepreneurship "hall of fame".

Since its inception in 1978, the Academy has recognized and honored world-class entrepreneurs who epitomize the success of entrepreneurship and have contributed significantly to the development of free enterprise throughout the world. Inductees are chosen not only for outstanding business accomplishments in their fields, but also for their contributions to society.

Many of the most successful and visible entrepreneurs in the world are members of the Academy, including Soichiro Honda, Honda Motor Car Company Ltd.; Ray A. Kroc, McDonald's Corporation; Anita Roddick, The Body Shop; and Michael R. Bloomberg, Bloomberg LP.

For the first time this year, the Academy is honoring families that have demonstrated their entrepreneurial leadership across many generations. The Molson family has maintained an entrepreneurial growth path as a family controlled organization over seven generations and in that regard has established a clear legacy of transgenerational entrepreneurship.

Honored entrepreneurs attending today's induction ceremony include Eric Molson, Chairman of the board, Molson Coors Brewing Company; Geoff Molson, VP of Marketing, Molson Canada; Andrew Molson, Partner and Vice-Chairman of RES PUBLICA Consulting Group and member of the board of Molson Coors Brewing Company; and Steve Forbes, President and CEO of Forbes and Editor-in-Chief of Forbes magazine.

The Molson Family Business

With roots dating back to 1786 and a time-honored tradition of brewing quality beers, Molson Canada is proud to be the nation's preferred brewer. The Company proudly offers the most popular brands in Canada with an award-winning brand portfolio which includes Molson Canadian, Coors Light, Molson Export, Molson Dry and Rickard's. Molson Canada also partners with other leading brewers to offer such global brands as Heineken, Corona, Miller Genuine Draft, Foster's Lager and Tiger. Molson employs 3,400 Canadians and operates six breweries, including the boutique brewery Creemore, and invests in communities from coast-to-coast through its various charitable initiatives and sports and entertainment sponsorships. Molson Canada is part of the Molson Coors Brewing Company.

Founded by pioneering families, Molson Coors Brewing Company is one of the world's largest brewers, with combined annual volume of more than 49 million hectoliters, net sales of more than US $5.8 billion and approximately 10,000 employees worldwide. As well as being a leading brewer in Canada through Molson Canada, Molson Coors operates in the U.S. through Coors Brewing Company, and in the U.K., Europe and Asia through Coors Brewers Limited.

The Forbes Family Business

The Forbes flagship publication, Forbes, is the nation's leading business magazine, with a circulation of more than 900,000. Forbes combined with Forbes Asia and the company's eight local-language editions together reach a worldwide audience of over five million readers.

The company has launched a variety of new publications and businesses, which include ForbesLife (formerly FYI), the irreverent, lifestyle supplement and Forbes Asia. In 1996, Forbes entered the new media arena with the launch of Now receiving more than 10 million unique monthly visitors, it has become a leading destination site for senior business decision-makers and investors.

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