Cobra Beer bought by Molson Coors |
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Cobra Beer has been bought by a joint venture between Molson Coors and Cobra founder Lord Karan Bilimora after entering a pre-packaged administration. Administrators PricewaterhouseCoopers said the company had run into financial difficulties in the economic downturn. A pre-pack is when a sale is agreed before the administrator is appointed and is carried out without the business being offered on the open market. |
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From BBC News. No idea how this would really affect the Cobra beer itself, but it would be a shame if it started to taste more like water Carling.