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.
Just came across this movement – getting more and more famous from the sounds of it. Basically they are trying to get the government to cut the price of beer, and generally leave pubs alone and give them breathing space. Lets face it alot of pubs are either too pricey, too nasty, or belong to weatherspoons.
I hope there will be plenty of people asking for a pint of Red Squirrel Ale and a bag of nuts 