Molson Coors buys 8.5% stake in Fever-Tree for £71M, aiming to boost mixer sales in the U.S.
Molson Coors Beverage Company has acquired an 8.5% stake in Fever-Tree Drinks for £71 million, marking a strategic partnership focused on expanding Fever-Tree's premium mixers in the US market. Molson Coors will manage sales, distribution, and production of Fever-Tree products, aiming to boost their presence through increased marketing. Fever-Tree's shares surged by over 20% following the announcement.
2 months ago
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