Reported about 14 hours ago
Molson Coors has invested £71 million ($88 million) to acquire an 8.5% stake in Fevertree Drinks, securing exclusive marketing rights for the UK's cocktail mixers and tonic water in the US. This strategic move aims to broaden Molson Coors' non-alcoholic beverage portfolio in response to declining beer volumes in the US. Fevertree's shares rose nearly 15% following the announcement, and the company expects to see growth in US revenue as the partnership unfolds.
Source: YAHOO