Is Molson still Canadian owned?

Is Molson still Canadian owned?

Molson Coors is a Canadian-American multinational drink and brewing company, but it's important to understand the ownership structure to answer this question accurately. In 2005, Molson Coors was formed through the merger of Molson, a Canadian brewing company, and Coors, an American brewing company. As a result of this merger, the ownership of Molson Coors is shared between Canadian and American entities.

Molson Coors is listed on both the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX), reflecting its dual nationality. This means that shares of the company can be purchased by investors from both countries. In terms of the ownership breakdown, the Molson family, a prominent Canadian brewing family, still holds a significant stake in the company.

However, it is worth noting that over the years, the ownership structure of Molson Coors has evolved. In 2008, for example, SABMiller (a multinational brewing company) acquired a 50% voting interest in the company's operations in the United States, forming the MillerCoors joint venture. This joint venture was dissolved in 2016 when Anheuser-Busch InBev acquired SABMiller.

As a result of these changes, Molson Coors is now primarily focused on its operations in Canada, the United States, Europe, and other international markets. While the company still has strong ties to its Canadian roots, its ownership and operations are now more diverse and global in nature.

Personally, as a sommelier and brewer, I have had the opportunity to experience the products of Molson Coors firsthand. Their Canadian brands, such as Molson Canadian and Coors Light, are popular choices among beer enthusiasts in Canada. However, they also offer a wide range of other beers and alcoholic beverages to cater to different tastes and preferences.

While Molson Coors has its origins in Canada and still retains a significant Canadian ownership stake, it is no longer solely Canadian owned. The company's merger with Coors and subsequent changes in ownership have made it a multinational entity with operations in multiple countries.