06:18 AM EDT, 06/05/2025 (MT Newswires) -- Molson Coors Beverage ( TAP/A ) will equally share the costs of a 10% tariff to be imposed by the US on UK imports with British tonic maker Fevertree Drinks as part of a recent partnership to reduce the short-term impact, Fevertree said on Thursday.

Additionally, Fevertree said Charles Gibb, its North America chief executive officer, will step down following "the successful transition" of the Fevertree USA team to Molson Coors ( TAP/A ). He will succeeded by Judd Hausner, Fevertree's US chief commercial officer since 2018.