Tag Archives: Constellation Brands

• Constellation Brands invests $2bn in Mexico

Constellation Brands invests $2bn in Mexico

Constellation Brands has reaffirmed its confidence in the Mexican beer market, announcing plans to invest $2 billion in expanding its brewery and bottle plant in the country. The money will be used at its facility in Nava, Coahuila, increasing its production capacity from 10 million hectoliters to 25 million hectoliters by the end of 2017. At […]

• Flavoured Whiskey Outpaces Flavoured Vodka

Flavoured Whiskey Outpaces Flavoured Vodka

Imported flavoured vodkas are losing market share in the US amid growing demand for flavoured whiskey and homegrown brands, according to recent analysis. According to Rabobank’s Spirits Quarterly Q1 2015, flavoured whiskeys, or whiskey-based liqueurs, was the “hottest growth segment in the US spirits market” in the first three quarters of 2014, while volumes of imported […]

• Carlos Santana Sells Hot Tequila Biz In Latest Booze Deal

Carlos Santana Sells Hot Tequila Biz In Latest Booze Deal

U.S. alcoholic beverage giant Constellation Brands (IW 500/306) (STZ) said Wednesday it will buy Casa Noble, a Mexican organic tequila maker partly owned by music icon Carlos Santana. “As the first super premium spirits brand we’ll add to our portfolio, Casa Noble is a natural fit,” Constellation CEO Rob Sands said, adding that the acquisition […]

• Constellation Brands has no plans to get in on craft beer boom

Constellation Brands has no plans to get in on craft beer boom

Rob Sands, chief executive of beer and wine distributor Constellation Brands (STZ), is not interested in buying up any of the nearly 2,500 craft breweries that have sprung up across the nation in recent years. “People expect one of the big guys to get in and roll up the craft business,” Sands said in a […]

• Pernod Ricard and Southern Wine & Spirits Promote Responsible Drinking

Pernod Ricard and Southern Wine & Spirits Promote Responsible Drinking

PERNOD RICARD USA AND SOUTHERN WINE & SPIRITS OF AMERICA LAUNCH A NATIONAL EFFORT TO PROMOTE RESPONSIBLE DRINKING VIA 15,000 RETAIL STORES Companies Team Up In Support of Foundation For Advancing Alcohol Responsibility New York, N.Y., May 6, 2014 — Pernod Ricard USA, the premium spirits and wine company in the U.S., and Southern Wine […]

• Constellation Brands Q4 Profit Surges On Strong Beer Sales

Constellation Brands Q4 Profit Surges On Strong Beer Sales

Alcoholic beverage maker Constellation Brands, Inc. (STZ: Quote,CBR.AX,STZ-B: Quote) on Wednesday reported 92 percent surge in profit for the fourth quarter from last year, as results at its beer segment were bolstered by the acquisition of Grupo Modelo’s S.A.B. de C.V.’s (GPMCF) U.S. beer business. Adjusted earnings per share for the quarter beat analysts’ expectations, […]

• Constellation Brands Q2 Profit Surges

Constellation Brands Q2 Profit Surges

Alcoholic beverage maker Constellation Brands, Inc. (STZ: Quote,CBR.AX,STZ-B: Quote) on Thursday reported a profit for the second quarter that surged from last year, as results were helped by the company’s acquisition of Grupo Modelo’s S.A.B. de C.V.’s (GPMCY) U.S. beer business. Adjusted earnings per share beat analysts’ expectations, while revenues missed their estimates. Looking ahead, […]

• Constellation spends $20M on California wineries, vineyards

Constellation spends $20M on California wineries, vineyards

Constellation Brands Inc. (NYSE: STZ) says it’s spending over $20 million in several of its California wineries and vineyard operations to expand its growing, crushing, fermenting, storing and bottling capacities. The expansions are prompted by increased demand for the company’s brands and creating additional efficiencies with in-house and state-of-the-art technologies, it says. “The need for […]

• Facebook Enters The Wine Business

Facebook Enters The Wine Business

Facebook has started selling wine via a new online store on the site that encourages its US customers to send gifts to their Facebook friends. Keen to take advantage of the opportunity to trade on the world’s biggest social networking site, according to The Huffington Post, several US producers have put their wines up for […]

• Constellation Brands Wants Legal Role in Beer Merger Battle

Constellation Brands Wants Legal Role in Beer Merger Battle

Constellation Brands Inc. STZ -1.84% on Friday asked a federal judge to include the company in legal proceedings on the Justice Department’s challenge to the proposed merger between beer makers Anheuser-Busch InBev NV ABI.BT -0.22% and Mexico’s Grupo Modelo GMODELO.MX +0.05% SAB. Constellation’s legal request included a written declaration from its chief executive that offered an early rebuttal […]

• When Small Wineries Get Big Owners

When Small Wineries Get Big Owners

The National Museum of American History’s exhibit “Food: Transforming the American Table 1950-2000” includes a photo of Joel Peterson using a long metal tool, sort of like a hoe with an extra-long handle, to punch down fermenting zinfandel grapes in a wooden vat. The photo — and the tool, also on display — represent the […]

• U.S. Sues to Block Big Beer Merger

U.S. Sues to Block Big Beer Merger

The U.S. government sued to block the world’s biggest beer maker from spending $20 billion to get even bigger, the latest deal to fall prey to global antitrust regulators. The surprise lawsuit seeks to block Bud Light maker Anheuser-Busch InBev NV’s ABI.BT +4.01% deal with the Mexican company that owns the Corona brand, and comes just […]

• The Unraveling of Ascentia Wine Estates

The Unraveling of Ascentia Wine Estates

The unraveling of Ascentia Wine Estates, the Healdsburg company that once owned Geyser Peak, is a cautionary tale of the dangers of leveraged buyouts, a reminder of the critical role that distributors play in the wine business, and an example of how hard wineries can fall when the economy slows. Ascentia was formed in 2008, […]

• Ascentia Wine Estates signs multi-year deal with Southern Wine & Spirits

Ascentia Wine Estates signs multi-year deal with Southern Wine & Spirits

Ascentia Wine Estates, a California-based wine producer, has signed new multi-year distribution agreements with US-based wine & spirits distributor Southern Wine & Spirits of America. The agreements align the two companies across a total of 23 pen and control markets. Ascentia has signed 17 open and four control market agreements with Southern Wine & Spirits.

• Constellation rolls out new unoaked Simply Naked wine varietals

Constellation rolls out new unoaked Simply Naked wine varietals

Constellation Wines U.S., a unit of Constellation Brands, is rolling out its new Simply Naked portfolio of unoaked (hence “naked”) wines, the U.S. wine giant said Tuesday, after earlier introducing the wines in eight test markets. Approximately 150,000 cases were produced for the 2011 roll out, said San Francisco-based spokeswoman Katie Vandermause. Earlier this year, […]