
Madri Excepcional is owned by Molson Coors Beverage Company (NYSE: TAP), a publicly traded American-Canadian brewing company headquartered in Chicago, Illinois. Molson Coors created Madri in collaboration with La Sagra, a craft brewery in Toledo, Spain, and launched the brand in the UK in October 2020. Despite its Spanish-inspired branding, Madri is brewed in Tadcaster, Yorkshire and Burton upon Trent, England. The brand surpassed 1 billion pounds in annual UK sales by December 2025, making it the UK's second-largest world lager brand. Molson Coors reported $11.1 billion in net sales for fiscal year 2025.
Parent Company
Founded
2020
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Madri | Molson Coors Beverage Company | Wholly owned |
Molson Coors launched Madri Excepcional in the United Kingdom in October 2020. The brand was developed to compete in the growing premium lager segment of the UK on-trade (pub and bar) market, where Spanish and continental European lagers had been gaining market share. Molson Coors identified an opportunity to create a Spanish-inspired lager that could compete with established brands like San Miguel, Estrella Damm, and Peroni.
The brand was developed in collaboration with La Sagra, a craft brewery founded by Carlos Garcia in Toledo, Spain, in 2011. Garcia, a first-generation craft brewer, worked with Molson Coors to develop the recipe and brewing approach. La Sagra provided Spanish brewing expertise while Molson Coors managed commercial development, UK brewing operations, and marketing. Molson Coors and La Sagra continue to brew Madri both in the UK and in Spain.
Madri's branding references Madrid, Spain's capital city. The packaging and marketing use visual elements associated with Spanish urban culture, including the "chulapo" figure that appears on the brand's glassware and promotional materials. The brand's signature serving vessel is a chalice-style glass, which Molson Coors updated in 2025 to reinforce the brand's premium positioning.
The brand launched into the UK on-trade market, targeting pubs, bars, and restaurants. Madri was the most successful new beer launch ever into the UK on-trade, according to Molson Coors. The brand expanded from its initial on-trade focus into the off-trade (supermarket and retail) channel as consumer demand grew.
Madri's growth was rapid. By 2024, the brand had become the fourth most sold lager in the UK and the second-largest world lager brand in the on-trade by value. Sales increased 14.3% year-over-year, according to Circana and CGA data. By December 2025, Madri surpassed 1 billion pounds in annual UK sales, with on-trade annual sales exceeding 880 million pounds and year-on-year growth of 5.4% in 2025. The brand rose to third place in the Morning Advertiser's Top Drinks Brands to Stock in 2026 rankings.
Molson Coors launched Madri Excepcional 0.0%, a zero-alcohol version, in the UK on-trade in March 2025. The no- and low-alcohol category grew 50% in the UK on-trade in the 12 months prior to launch, reaching 142 million pounds in value. Madri 0.0% entered the top ten no- and low-alcohol lagers within six months of launch, generating over 1.5 million pounds in on-trade revenue.
Madri has expanded beyond the UK to Canada, Spain, Ireland, Bulgaria, and Romania. In Canada, the brand is brewed under license by Molson Coors Canada. Molson Coors has stated that Madri has ambitions to become the UK's number one world beer brand.
Who owns Molson Coors?
Molson Coors Beverage Company is publicly traded on the NYSE (TAP, TAP.A) and TSX (TPX.A, TPX.B). The company maintains a dual-class share structure that gives voting control to the Molson and Coors family interests. As of February 2026, there were 2,563,034 Class A shares and 175,592,622 Class B shares outstanding. The aggregate market value held by non-affiliates was approximately $8.0 billion.
What is Molson Coors' annual revenue?
Molson Coors reported FY2025 net sales of $11.14 billion, down 4.2% from $11.63 billion in 2024. The company's FY2026 guidance projects flat net sales (plus or minus 1%) on a constant currency basis. Q1 2026 net sales were $2.35 billion (up 2.0%), and Q2 2026 saw a decline of approximately 3.6%.
Who is the CEO of Molson Coors?
Rahul Goyal has served as President and CEO since October 1, 2025, succeeding Gavin Hattersley. Goyal launched the Horizon 2030 strategy in early 2026, focusing on portfolio transformation, local market execution, beyond beer expansion, and disciplined M&A. Tracey Joubert serves as CFO.
What is the Monaco Cocktails acquisition?
Molson Coors acquired Atomic Brands, maker of Monaco Cocktails, for $275 million on April 1, 2026. Monaco is a pioneering brand in the ready-to-drink (RTD) cocktail segment. The acquisition establishes Molson Coors as a top-five supplier in the fast-growing RTD cocktail segment and is expected to contribute approximately 1% to global net sales revenue on a trailing 12-month basis. The company retained more than 80 members of Monaco's sales team.
What is the Horizon 2030 strategy?
Horizon 2030 is Molson Coors' long-term strategy launched in early 2026 under CEO Rahul Goyal. It focuses on strengthening core beer brands, expanding beyond beer through M&A and organic growth, driving $450 million in cost savings over three years, returning capital to shareholders through the $4 billion share repurchase program and growing dividend, and pursuing disciplined M&A to fill portfolio gaps.
What is Molson Coors' cost savings program?
In February 2026, Molson Coors announced a $450 million three-year cost savings program targeting savings across both business units through procurement improvements, capital investments in productivity and efficiency, and supply chain optimization. Initial savings are expected in 2026.
Why did Molson Coors record a $3.65 billion impairment?
In Q3 2025, Molson Coors recorded a $3.65 billion non-cash partial goodwill impairment charge, along with $274 million in intangible asset impairment charges. The impairment was driven by the challenging macroeconomic environment, declining beer volumes, changing consumer preferences, and competitive pressure. The charges resulted in a GAAP net loss of $2.14 billion for FY2025.
Madri operates under Molson Coors' corporate sustainability framework. Molson Coors has set the following targets for 2025:
Water conservation: Molson Coors targets improving water use efficiency in large breweries by 22% versus 2016, achieving a 2.8 hl/hl water-to-product ratio. Madri's brewing processes at Tadcaster and Burton upon Trent incorporate water efficiency improvements and water reclamation for reuse.
Carbon reduction: Molson Coors aims to reduce absolute carbon emissions from direct operations (Scope 1 and 2) by 50% and achieve a 20% absolute reduction across its supply chain (Scope 1, 2, and 3) by 2025. These targets were verified by the Science Based Targets initiative as aligned with the Paris Climate Agreement (1.5 degrees Celsius pathway).
Packaging: Molson Coors targets zero-waste-to-landfill at all major manufacturing sites and 100% reusable or recyclable packaging by 2025. The company targets a 26% reduction in emissions from packaging materials versus 2016, as packaging accounts for approximately 38.3% of total carbon emissions.
Responsible sourcing: Molson Coors plans to source 100% of barley and hops from suppliers meeting sustainability standards by 2025. The company works with farmers through its Agricultural Brewing Ingredients policy.
Limitations: Madri's sustainability claims are based on Molson Coors' corporate-level programs rather than brand-level independent certification. Madri is not certified organic, Fair Trade, or B Corporation. Molson Coors' sustainability reporting is voluntary and self-audited. The brand's Spanish-inspired marketing, while developed with La Sagra, has been criticized for creating a misleading impression about where the beer is brewed, raising questions about marketing transparency.
Madri won recognition at the World Beer Awards, though specific award names and years are not consistently documented in public records. The brand's commercial achievements have been recognized by beverage industry publications.
Madri's growth from launch in October 2020 to over 1 billion pounds in annual UK sales by December 2025 has been recognized by market analysts as one of the most successful new beer brand launches in UK history. The brand was the most successful new beer launch ever into the UK on-trade, according to Molson Coors. Madri ranked third in the Morning Advertiser's Top Drinks Brands to Stock in 2026 rankings.
These are commercial performance metrics rather than independent product quality awards from blind tasting competitions. Specific award names, years, and judging bodies for Madri products are not consistently documented in publicly available sources.
No product safety recalls have been issued for Madri Excepcional. The brand has faced controversies related to its marketing and geographic authenticity.
Geographic authenticity controversy (ongoing): Madri has faced criticism from Spanish beer industry figures who argue that its Spanish-inspired marketing creates a misleading impression about where the beer is brewed. Despite being developed in collaboration with La Sagra, a Spanish brewery in Toledo, Madri sold in the UK is brewed in Tadcaster, Yorkshire and Burton upon Trent, England, not in Spain. Spanish brewer Estrella Damm and other industry figures have criticized the brand's marketing as misleading. Molson Coors responds that Madri is transparently a collaboration between Molson Coors and La Sagra, and that the Spanish inspiration is genuine. The brand's packaging does not prominently display "brewed in the UK" on the front label, though this information is available on the back label and on the brand's website.
Cultural appropriation concerns: The brand's use of Spanish cultural imagery, including the name "Madri" (referencing Madrid), the "chulapo" figure on glassware, and Spanish-themed marketing, while being brewed in England, has raised questions about cultural appropriation in marketing. Critics argue that the brand capitalizes on Spanish cultural associations without being genuinely Spanish. Molson Coors and La Sagra maintain that the collaboration is authentic and that Carlos Garcia, La Sagra's founder, is genuinely from the Madrid region.
Marketing transparency: Consumer advocacy groups have noted that Madri's marketing materials emphasize Spanish heritage more prominently than its UK brewing origins. While the information is available on packaging and online, the primary marketing impression created by the brand's visual identity is Spanish. This has led to discussions about marketing ethics in the beer industry, particularly regarding the growing trend of "heritage marketing" where brands evoke cultural associations that may not reflect their actual production location.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Ab Inbev | Brazil | 1888 | Mass market | Latin america | All Genders | |
| Ab Inbev | United States | 1876 | Mass market | Global | All Genders | |
| Ab Inbev | Mexico | 1925 | Mass market | United states | All Genders | |
| Heineken | Netherlands | 1873 | Premium | Global | All Genders | |
| Constellation Brands | Mexico | 1925 | Mass market | Global | All Genders | |
| Molson Coors Brewing Company | Canada | 1959 | Mass market | Regional | All Genders |
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