DENVER (AP) — Coors Light is now available in Russia, Molson Coors Brewing Co. announced Tuesday as it continues to take its flagship brand into new markets.
The brand will be in grocery and convenience stores and some bars across the Moscow region in what is considered the world's fourth largest beer market by volume, the company said. Coors Light is now available in more than 25 countries.
Although the market for international premium brands in Russia declined this year because of new taxes, the company said, it expects the category to grow in the coming years.
Molson Coors will manage the marketing and advertising of the brand, while Moscow Brewing Co. will brew it.
Molson Coors has recently announced partnerships with Mahou San Miguel in Spain, Viet Thai in Vietnam, and a joint venture with Si'hai Brewery in China.
Shares of the Denver-based brewer closed unchanged at $43.61 on Monday.