Constellation Brands’ Corona and Modelo beers help push net sales 7% higher

USA – Wine and spirits company, Constellation Brands has recorded 7% increase in in net sales to US$8.12 billion for the year ended 28 February, boosted by its Corona and Modelo beer brands. The beers category which also includes Funky Buddha, Four Corners and Ballast Point recorded 11.6% increase in net sales for the year,…

Constellation to sell 30 wine and spirits brands to Gallo for US$1.7b

USA – Corona beer maker, Constellation Brands has announced that it has agreed to sell about 30 brands from its wine and spirits portfolio to E. & J. Gallo Winery for US$1.7 billion. The transaction which is subject to regulatory and customary approvals also includes related facilities located in California, New York and Washington. The…

Constellation Brands expands Modelo range with new ready-to-drink Chelada

USA – Constellation Brands has launched new ready-to-drink Chelada, Modelo Chelada Limón y Sal, expanding its Modelo beer brand in the United States. The new addition is made with Mexican beer and the refreshing natural flavor of lime and salt to provide a new, convenient way to enjoy the classic Chelada experience. It joins other…

Constellation Brands acquires minority stake in US distillery Black Button

USA – The American beer, wine and spirits company, Constellation Brands has acquired a minority stake in craft spirits maker Black Button Distilling for an undisclosed sum. The investment was made through Constellation Ventures which supports emerging brands and technologies in the alcoholic beverages industry. When the transaction will close, New York based Rochester Craft…

Constellation Brands announces Bill Newlands as new CEO

USA - Constellation Brands, Inc., a leading beverage alcohol company, today announced Bill Newlands will assume the role of president and chief executive officer (CEO), succeeding current CEO Rob Sands, on March 1, 2019. According to the company, Newlands joined Constellation Brands in 2015 as executive vice president and chief growth officer. In 2016, he…

Coca-Cola in talks with cannabis-infused beverages company Aurora Cannabis

USA - The Coca-Cola Company, the global manufacturer for non-alcoholic beverages, is in “serious talks” with Aurora Cannabis Inc. to develop cannabis-infused beverages, a move that would signal a significant foray into the marijuana sector. According to Bloomberg, Coca-Cola is interested in developing beverages that are infused with cannabidiol, commonly referred to as CBD, the…

Constellation Brands acquires 38% ownership of cannabis producer Canopy Growth

USA - Constellation Brands, a leading beverage alcohol company, has announced that it has acquired 38% ownership of Canopy Growth Corporation, a leading diversified cannabis company. The companies also announced a significant expansion of their strategic partnership to position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing. According to…