Constellation Brands beverage business news, company profile, analysis, comment and interviews

Why Canada will shape the rules for cannabis beverages - Comment

16 Oct 2019

Tomorrow is a big day for the cannabis beverage industry. After years of deliberations that eventually led to the federal legalisation of cannabis, edibles - as the digestible variants of cannabis products are known – will go on sale across Canada. This means that the cannabis beverage products companies have been working on in the lead up to October 17 will finally go on the shelves of dispensaries and other legal cannabis outlets in Canada.

The Boston Beer Co Truly seltzer "more drinkable" after recipe revamp

15 Oct 2019

The Boston Beer Co has overhauled the flavour profile of its Truly hard seltzer to give the range a "crisper" taste.

Pernod Ricard Performance Trends 2015-2019 - results data

9 Oct 2019

In late-August, Pernod Ricard released its full-year results for fiscal-2019. The group saw its sales in the 12 months to the end of June rise by 6% in organic terms on the year prior. Here, just-drinks picks through Pernod's performance over the past five years for the trends set to affect the group, specifically, and the global spirits category, more broadly.

Constellation Brands "surprised" by hard seltzer, readies Corona entry - CEO

7 Oct 2019

The head of Constellation Brands has confirmed the launch of a Corona-branded hard seltzer, against a backdrop of the alcoholic sparkling water segment having caught the beer industry by surprise.

Constellation Brands appoints internally for new chief growth & strategy officer post

4 Oct 2019

Constellation Brands has added extra responsibilities to the chief growth officer role, with incumbent Mallika Monteiro promoted to chief growth & strategy officer.

How did Constellation Brands perform in H1 fiscal-2020? - results data

3 Oct 2019

Constellation Brands has seen its first-half deliver a low single-digit lift in sales, with the second quarter echoing the 2% increase in the first three months of the group's current fiscal-year.

Anheuser-Busch InBev expands California distribution footprint with Markstein Beverage buy

2 Oct 2019

Anheuser-Busch InBev has agreed to buy the "key assets" of Californian distributor Markstein Beverage Co.

Constellation Brands expands board with political appointments

26 Sep 2019

Constellation Brands has increased the size of its board to 12 with the addition of two new members, including an advisor to Mexico’s presidential office.

Constellation Brands' Canopy Growth tie-up set for global success - analyst

20 Sep 2019

Constellation Brands partner Canopy Growth is on course to lead the global cannabis category despite recent struggles that have caused its share price to plummet, an analyst has forecast.

Constellation Brands gives TV debut to Meiomi wine in new campaign - video

17 Sep 2019

Constellation Brands has rolled out a new campaign for Meiomi that includes the Californian wine’s first TV ad.

Constellation Brands continues craft spirits shopping spree with Durham Distillery stake buy

29 Aug 2019

Constellation Brands has made yet another craft spirits play in the US< this time buying into North Carolina-based Durham Distillery.

Constellation Brands signs deal with three NFL teams for Woodbridge wine

28 Aug 2019

Constellation Brands' Woodbridge has become the latest wine to advertise through US pro football, linking up with three NFL teams.

Constellation Brands reveals expected US$132.5m H1 loss from Canopy Growth tie-up

27 Aug 2019

Constellation Brands is set to record a US$132.5m first-half loss from its cannabis partner, Canopy Growth.

Constellation Brands to offload Black Velvet Canadian Whisky to Heaven Hill Brands

13 Aug 2019

Constellation Brands is to sell Canadian whisky Black Velvet to US peer Heaven Hill Brands for US$266m.

Constellation Brands Performance Trends 2015-2019 - results data

12 Aug 2019

Earlier this year, Constellation Brands reported its results for the 12 months to the end of February. Sales in fiscal-2019 came in 7% up on the corresponding period a year earlier, when the group's topline also increased by the same percentage. Here, just-drinks considers Constellation's performance over the last five years.

FREE TO READ - just-drinks' Mergers & Acquisitions database - July 2019

12 Aug 2019

Here, a little later than usual, just-drinks consolidates the M&A activity in the global drinks industry during July, with Molson Coors' European exploits and Pernod Ricard's Myanmar adventure both overshadowed by Anheuser-Busch InBev's decision to offload its Australian operations to Asahi Group.

US craft spirits buys keep coming for Constellation Brands, secures stake in Montanya Distillers - Rum in US data

24 Jul 2019

Constellation Brands has added a holding in Montanya Distillers to its list of craft spirits purchases in the US.

Reyes Beverage Group lines up DBI Beverage purchase

15 Jul 2019

Reyes Beverage Group is to buy DBI Beverage, a beer distributor covering northern California.

Canopy Growth ex-CEO Bruce Linton questions official line on exit

3 Jul 2019

The former co-CEO of Canopy Growth, Constellation Brands' cannabis partner, has refuted the company's reasons for his departure, telling a US TV station he was "terminated".

How did Constellation Brands perform in Q1 fiscal-2020? - results data

28 Jun 2019

Constellation Brands has reported a slowing rate of growth from the first three months of its current fiscal year, with the top-line performance from its brewing operation rising by mid single-digits.

Casella Family Brands confirms buyer interest, denies sale in progress

21 Jun 2019

Casella Family Brands has admitted to approaches from potential buyers after a newspaper claimed the Yellow Tail owner is seeking a potential sale.

Catoctin Creek Distilling and Adroit Theory Brewing’s Dia de los Muertos US whisky - Product Launch

17 Jun 2019

Catoctin Creek Distilling Co has created an American whisky distilled from a beer created by Adroit Theory Brewing Co.

Anheuser-Busch InBev Performance Trends 2014-2018 - results data

12 Jun 2019

In late-February, Anheuser-Busch InBev released its full-year results for 2018. The group posted a 4.8% increase in sales on an organic basis from the 12 months, with volumes coming in flat. Here, just-drinks considers A-B InBev's performance over the last five years.

Trump hands Mexican headache to Constellation Brands, Casa Cuervo, Diageo - Focus

31 May 2019

Constellation Brands, Casa Cuervo and Diageo will be among the drinks companies holding their breath in the coming days, hoping that President Trump doesn't go through with his latest threat, with Mexico the latest in his firing line.

Constellation Brands, E&J Gallo Winery deal delayed

21 May 2019

The sale of around 30 wine and spirits brands by Constellation to E&J Gallo has hit a regulatory hurdle in the US.

Copper & Kings American Brandy Co's Destillaré liqueurs - Product Launch

14 May 2019

Kentucky-based brandy producer Copper & Kings American Brandy Co has launched two liqueurs.

Constellation Brands buys majority stake in Nelson’s Green Brier Distillery

2 May 2019

Constellation Brands has increased its share in Tennessee-based whiskey maker Nelson’s Green Brier, as the distillery becomes the first venture capital investment to be fully integrated into Constellation’s wine and spirits portfolio.