Molson Coors makes almost all of its sales in Canada, the U.S., and Great Britain, so it's no surprise that the brewer is looking to expand internationally. The Chicago-based company is also developing new products to entice those new markets.

Case in point: an iced tea brew called Coors Light Iced T, which it unveiled in a presentation on Tuesday to analysts. "The citrus-like, iced tea-flavored beer will have roughly 4% alcohol content but no caffeine," the Wall Street Journal notes. The drive to innovate and develop new products is simple. "Someone else is eating our lunch in the alcohol space," Molson Coors CEO Peter Swinburn told analysts.

The tea brewski will be found in Molson's homeland of Canada first, according to Reuters, “where consumers are interested in flavored beers,” and could end up appearing on U.S. shelves in time as well. Reuters reports that Molson Coors will also introduce the citrus-flavored Carling Zest, which will be sold for a limited time, as well as an autumn-inspired Leinenkugels beer.Continue reading...

With beer industry revenues at an all-time low, MillerCoors LLC is resurrecting a legendary recipe. Named “Batch 19” after the year prior to Prohibition – the period in which all alcohol was banned for 13 years – the brewery hopes that its back-story will attract consumers and stop the sales slump.

Alcoholic beverage brands typically vie for the attention of the lucrative male, ages 18 - 34 demographic; this brand of brew, however, is tailored to a more sophisticated group within that coveted grouping: Those searching for “a true, authentic, original beer,” according to Peter Swinburn, chief executive of Molson Coors Brewing Co., MillerCoors' parent company. Swinburn is confident that its new beverage will outlast failed products such as Miller Chill, a beer flavored with lime and salt. Consumers in Chicago, Milwaukee, San Francisco, and Washington can expect to see Batch 19 in eateries starting next month. Continue reading...