![]() Pepsi has given a license to Boston Beer to produce the drink and created a new company, Blue Cloud, to distribute it. The National Beer Wholesalers Association has raised alarms against the launch, slated for late February. The flavored malt beverage will contain 5% alcohol by volume and sell on the soda's brand equity - without the high caffeine content.Įven before its launch, the drink is controversial. In August, it teamed up with Sam Adams brewer Boston Beer to announce Hard Mtn Dew. PepsiCo wasn't far behind its archrival Coke. The beverage giant's stock has risen 40% in that time. Coca-Cola, on the other hand, has seen its revenue climb 9.9% over the last five years to $10 billion in its latest quarter. In the last five years, as beer sales have lagged and the company has begun transforming its portfolio, the stock has fallen 53%. In its latest quarter, Molson Coors reported net sales of $2.82 billion, down 2% from the same time in 2017. ![]() A nationwide launch is slated for January. hard seltzer market, despite only being available in roughly a third of states. The drink is closing out 2021 with a 2% share of the roughly $4.3 billion U.S. Molson Coors has said Topo Chico could become a top-three hard seltzer brand, joining White Claw and Truly at the top. Topo Chico is the first alcoholic beverage that Coke has sold in the U.S. hard seltzer volume surged 130% in 2020, helping the ready-to-drink category overtake spirits consumption, although growth has slowed this year. in early 2021 as hard seltzer consumption soared. Personal Loans for 670 Credit Score or LowerĬoca-Cola launched Topo Chico Hard Seltzer with Molson Coors Beverage in the U.S. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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