As of 1995 the Courage brands were owned by Scottish and Newcastle Breweries. The brands were then sold to Wells and Young's, and then Eagle Brewery. The Eagle Brewery and beer brands including Courage were acquired by Marstons PLC in 2017.
Marstons merged with Carlsberg in 2020. The Eagle Brewery was sold to the Spanish brewer Damm in 2022, with Carlsberg Marston retaining ownership of the brands.
Carlsberg's purchased the remaining Marston share in 2024, and Carlsberg Britvic was formed in 2025. Courage beer brands then become fully owned by Carlsberg Britvic.
