Coca-Cola, Molson Coors to launch Simply-branded alcoholic drinks

(Reuters) - Coca-Cola Co will launch Simply-branded alcoholic drinks in the United States this summer in partnership with beer giant Molson Coors Beverage Co

Soft-drink makers, including Monster Beverage Corp and PepsiCo Inc, have been branching out to the alcohol space as traditional boundaries between the categories rapidly blur.

Coca-Cola launched an alcoholic version of its Topo Chico sparkling water along with Molson Coors about a year ago before tying up with Constellation Brands Inc to introduce Fresca-branded ready-to-drink cocktails.

Molson Coors will launch the Simply Spiked Lemonade in multiple flavors this summer, the Coors Light beer maker said on Tuesday.

Simply, known for its juices, is Coca-Cola's second-largest U.S. brand in terms of revenue after its eponymous line.

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Krishna Chandra Eluri)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
• Goldman Sachs closes short THB/INR trade for small gain
• Micron rises as White House presses Apple to avoid Chinese memory chips