Molson Coors buys majority stake in Zoa Energy [Yahoo! Finance]
Molson Coors Beverage Company Class B (TAP)
Last molson coors beverage company class b earnings: 4/30 07:00 am
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Source: Yahoo! Finance
The Coors Original brewer will "lead" Zoa's marketing, retail and direct-to-consumer sales following the transaction, Molson Coors said today (7 November). The news of the acquisition came alongside the publication of the group's third-quarter financial results, which included a cut to its forecast for annual sales. Molson Coors has distributed the energy drinks brand in the US and held a minority stake in the business since 2021. It " significantly increased" its shareholding in Zoa in September 2023 and was granted a place on the company's board of directors. “We're building a winning portfolio that offers consumers choices across a wide range of occasions, and non-alc is a key part of that strategy,” Molson Coors chief commercial officer Michelle St. Jacques said in a statement today (7 November). “Zoa opens the door for us to participate in more parts of the day and incremental opportunities beyond our core business. We've built a strong foundation with ZOA over the pas
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