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Molson Coors Takes 8.5% Ownership Stake In Fever-Tree To Stir Up US Mixer Game: Details - Molson Coors Beverage (NYSE:TAP)

  • Molson Coors Beverage Company has formed a strategic alliance with Fever-Tree Drinks plc to broaden its portfolio of non-alcoholic drinks in the U.S., starting February 1, 2025.
  • Molson Coors has acquired an 8.5% ownership stake in Fever-Tree, becoming the second-largest shareholder in the mixer brand.
  • The partnership aims to enhance Molson Coors' product offerings, catering to both alcoholic and non-alcoholic consumer preferences, as noted by CEO Gavin Hattersley.
  • Fever-Tree forecasts low-single-digit growth for 2025 and double-digit growth in 2026, following the partnership's implementation.
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