Coors and Miller, two iconic names in the brewing industry, are both owned by Molson Coors Beverage Company. This multinational brewing company was formed in 2005 through a merger between Molson, a Canadian brewing company, and Coors Brewing Company, an American brewing company. The merger created one of the largest brewing companies in the world, with a wide range of popular beer brands under its umbrella.
Molson Coors Beverage Company is jointly owned by two major shareholders: Molson family and the Coors family. The Molson family has a long history in the brewing business, dating back to 1786 when John Molson founded Molson Brewery in Montreal, Canada. The Coors family, on the other hand, has been involved in brewing since the mid-19th century when Adolph Coors established the Coors Brewing Company in Golden, Colorado.
The ownership of Molson Coors Beverage Company is structured in a way that reflects the contributions and legacies of both families. The Molson family owns a controlling interest in the company, holding multiple voting shares that give them significant influence over its operations and decision-making. The Coors family, while still having a stake in the company, has a more limited role in its governance compared to the Molson family.
It's worth noting that Molson Coors Beverage Company is not the sole owner of Coors and Miller brands. The company operates under various licensing agreements and partnerships with other brewing companies to produce and distribute these brands in different regions around the world. For example, in the United States, the Miller brands are owned and operated by MillerCoors, a joint venture between Molson Coors Beverage Company and SABMiller (now part of Anheuser-Busch InBev).
The ownership landscape of the brewing industry is complex, with mergers, acquisitions, and partnerships constantly reshaping the competitive landscape. Molson Coors Beverage Company, with its ownership of Coors and Miller brands, is just one example of how companies navigate this ever-changing industry to bring beloved beers to consumers worldwide.
The ownership of Coors and Miller brands can be attributed to the Molson and Coors families, who came together to form Molson Coors Beverage Company. However, it's important to recognize that the brewing industry is dynamic, and ownership structures and partnerships can evolve over time.