Constellation Brands posts Q2 loss linked to Canopy Growth’s investment

USA – American beverage company, Constellation Brands reported a loss of US$525.2 million during its second quarter ending August impacted by a US$484 million loss on an investment in Canopy Growth, a Canadian cannabis company. […]

Marussia to distribute range of Constellation Brands’ spirits in the UK

UK – Marussia Beverages, an import and distribution company in the UK has entered into an agreement with Constellation Brands to distribute its craft spirits brands in the UK. Under the agreement, Marussia will distribute […]

Constellation Brands offloads Canadian whisky brand Black Velvet for US$266m

USA – Constellation Brands has entered into an agreement to sell Black Velvet Canadian Whisky to US distilled spirits supplier Heaven Hill Brands for approximately US$266 million. The transaction, which is subject to regulatory approvals, […]

Constellation acquires minority stake in rum maker Montanya Distillers

USA – Constellation Brands, through its investment venture initiative Focus on Female Founders has acquired a minority stake in Colorado-based craft rum maker Montanya Distillers. Focus on Female Founders program was launched last year with […]

Constellation Brands buys majority stake in whisky maker Nelson’s Green

USA – Constellation Brands has announced that it has acquired majority stake in Tennessee whisky producer Nelson’s Green Brier™ Distillery through its venture capital group. The investment, whose price has not been disclosed marks the […]

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 […]

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 […]

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 […]

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 […]