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Business Wars Daily

Brewers Level Up Their Spirits Game

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 11 April 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

Today is Tuesday, April 11, and we're looking at AB InBev vs. Molson Coors.

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Transcript

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0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

If you or someone you care about has cancer,

0:11.5

Macmillan Cancer Support's online community is here to help from day one.

0:16.1

Macmillan's free online forum provides a safe space to get support from both experts and others who've been

0:22.0

there. Members support each other anonymously, sharing what's helped them on a range of subjects,

0:27.5

from dealing with side effects such as hair loss and fatigue, to money worries and managing work,

0:32.9

or talking with children about a diagnosis. There are different forums on cancer types or experiences,

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opportunities to ask an expert, and blog posts.

0:42.0

Find support 24-7 from people who get what it's like to have cancer.

0:46.7

To join, search McMillan online community.

0:49.2

Thank you. From Wondery, I'm David Brown, and this is Business Wars Daily on this Tuesday, April 11th.

1:07.8

While we always hate to start off on a sour note, we've got some bad news for beer

1:12.0

lovers. Sudzy brews have long taken up the biggest share of the alcohol market, but factors ranging

1:17.7

from price to competition from other alcoholic beverages are giving ales, IPAs, and loggers a run for

1:24.9

their money. In fact, beer is on pace to lose its market lead within the

1:29.1

next few years, CNBC reports. That change in the market has motivated two of the world's largest

1:35.3

brewers to turn to the spirits to boost the bottom line. That's right, two companies whose names

1:41.3

are virtually synonymous with beer are testing the waters and

1:44.8

introducing their own stiff drinks. Last week, Molson Coors launched a new bourbon from its subsidiary,

1:51.7

the Coors Whiskey Company. The name of that bourbon is Barman 1873, a reference to the Coors

1:58.5

family's German hometown and the year Coors brewing was launched,

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