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During the merger discussions between Molson Coors and SABMiller in 2015, the U.S. Department of Justice (DOJ) agreed to the proposed deal only on the basis that SABMiller "spins off all its MillerCoors holdings in the U.S.—which include both Miller- and Coors-held brands—along with its Miller brands outside the U.S."
Molson Coors was created by the merger of two of North America's largest breweries: Molson of Canada, and Coors of the United States, on February 9, 2005. [1] Molson Coors acquired full ownership of the Miller brand portfolio from SABMiller in 2016. [ 2 ]
In 2016, Molson Coors acquired Miller Brewing Company for approximately US$12 billion. [4] The agreement made Molson Coors the world's third largest brewer. [5] Molson Coors is a publicly traded company on both the New York Stock Exchange and Toronto Stock Exchange. Molson Coors has been a constituent of the S&P500 since 2005. [6]
Molson Coors saw its US volume spike 5% in Q2 last year as the Bud Light boycott drove drinkers to its brands. It said it held on to 80% of the market share it gained.
Molson Coors, best known for brewing Coors Light and Miller Lite, is acquiring Blue Run Spirits, a cult favorite high-end bourbon and rye whiskey brand, for an undisclosed price, exclusively told ...
Molson Coors exec: Whiskeys, bourbons 'are on fire' ... "Coors Light and Miller Lite, combined, we're 50% bigger than Bud Light by total industry dollars and 30% bigger than [Constellation Brands ...
All of the Miller brands and subsidiaries were sold to Molson Coors on October 11, 2016 as required by regulators before the forming of the new company, Anheuser-Busch InBev SA/NV. [23] [24] [25] All of those brands are now made by Miller Brewing Company, a subsidiary of MillerCoors.
Molson Coors is suffering from weak consumer demand in all its markets and it expects this trend to continue. However, Molson Coors still plans to increase its marketing and innovation in order to ...