Constellation Brands

Brewers should offload value assets as worst-case COVID scenario fails to materialise - comment

10 Jul 2020

In the same way that sports fans might jump at the pre-game offer of a draw against feared opponents, Carlsberg management would probably have been happy if - when the coronavirus lockdown started - a benevolent angel granted them a guaranteed half-year sales slide of 'only' 12%.

Cocktail Courier unveils 12-serve margarita 'Party Can'

9 Jul 2020

A US cocktail delivery service has launched a resealable 'Party Can' that contains 12 RTD cocktail serves.

Constellation Brands adds High West whiskey RTD to growing pre-mix pipeline

6 Jul 2020

Constellation Brands is moving further into the canned and pre-mix sector with new launches including an RTD under its premium American whiskey brand, High West.

Pernod Ricard adds reporting app to anti-hate speech activation

2 Jul 2020

Pernod Ricard has joined the raft of beverage companies in temporarily withdrawing its marketing spend from social media platforms in the US, bolstering the move with the creation of a crowdsourced app to highlight hate speech.

Constellation Brands to offload grape juice concentrate brands to Vie-Del Co

2 Jul 2020

Constellation Brands is to sell its US grape juice concentrate business to Californian grape processor Vie-Del Co.

How did Constellation Brands perform in Q1 fiscal-2021? - results data

1 Jul 2020

Constellation Brands has seen sales in its first full COVID-impacted quarter slip by mid-single-digits, although beer shipments to distributors in the US actually rose in the period.

Constellation Brands targets direct-to-consumer with Empathy Wines buy

1 Jul 2020

A busy day for Constellation Brands has seen the company follow its first-quarter results announcement with news of another acquisition, this time in wine.

Constellation Brands targets minority-owned US businesses with US$100m investment

29 Jun 2020

Constellation Brands is the latest beverage company to pledge money in support of black- and minority-owned businesses in the US.

Sazerac Co continues spirits spree, lines up Paul Masson Grande Amber Brandy purchase from Constellation Brands

25 Jun 2020

Constellation Brands has secured a buyer for Paul Masson Grande Amber Brandy, six months after removing the brand from the list of assets included in its proposed multi-brand divestment to E&J Gallo Winery.

E&J Gallo Winery to handle Don Fulano Tequila in US

23 Jun 2020

The spirits division of E&J Gallo is to take on importation for Tequila producer Don Fulano in the US.

Constellation Brands' sugar-free Svedka Pure Infusion flavoured vodkas - Product Launch

23 Jun 2020

Constellation Brands has lined up the release of three flavoured vodkas under its Svedka Pure Infusions brand.

Constellation Brands' Erwin Petznek switches to Delicato Family Wines

16 Jun 2020

Delicato Family Wines has poached an executive from Constellation Brands to head up its international operations.

Zamora Co dives into RTDs with Cocktail 43 Fresco release

4 Jun 2020

Spanish spirits & liqueur group Zamora Co has entered the RTD category for the first time with the launch of a single-serve cocktail under its Licor 43 brand.

Constellation Brands Performance Trends 2016-2020 - results data

3 Jun 2020

In April, Constellation Brands reported its results for the 12 months to the end of February. Sales in fiscal-2020 were up 3% on the corresponding period a year earlier, a less impressive performance than the +7% posted in fiscal-2020. Here, just-drinks considers Constellation's performance over the last five years.

Constellation Brands trims assets, brands divestment to E&J Gallo again

29 May 2020

Constellation Brands has undertaken a further revision of the terms of its protracted asset sale to E&J Gallo Winery.

Montanya Distillers poised for UK rum debut with EU next in sights

13 May 2020

Montanya Distillers has partnered with Skylark Spirits to roll-out its four-strong line of US rum expressions to the UK, with a view to upping its presence across the European Union.

Molson Coors Beverage Co Performance Trends 2015-2019 - results data

13 May 2020

In mid-February, Molson Coors Beverage Co released its full-year results for 2019. The group posted flat sales for the 12 months on a 3.5% decline in volumes. Here, just-drinks considers Molson Coors' performance over the last five years.

Constellation Brands increases Canopy Growth stake with US$173m investment

4 May 2020

Constellation Brands has paid CAD245m (US$173m) to up its holding in Canadian cannabis partner Canopy Growth.

US on-premise "won't just snap back" from coronavirus wipeout - The Boston Beer Co

24 Apr 2020

The US on-premise may not recover for years, The Boston Beer Co has warned, as the Samuel Adams brewer witnesses the "complete devastation" of its draught keg business.

Hard seltzer can thrive in COVID-19 lockdown - analyst

9 Apr 2020

Hard seltzer can weather the coronavirus storm in the US as the category's core consumers remain insulated from the worst of an expected economic downturn, an analyst has forecast.

Constellation Brands upbeat on US beer supplies despite Mexico brewing ban

8 Apr 2020

Constellation Brands has taken unspecified steps to avoid an "irreversible impact" to its brewing operations in Mexico.

What impact will COVID-19 have on drinks M&A? - comment

7 Apr 2020

Several weeks into COVID-19's appearance and its rapid spread in the US, the virus's impact on the beverage alcohol industry and related merger and acquisition activity is starting to come into focus. Some commentators have covered in detail the epidemic's impact on particular beer, wine and spirits brands and sales channels, notably the dramatic shift towards off-premise sales at the expense of everything else. Unaddressed is what this means for the current M&A environment and aspiring buyers and sellers during what looks to be a year of continued market volatility.

Constellation Brands ups CSR ante with new senior executive post

7 Apr 2020

Constellation Brands has created the role of chief corporate social responsibility (CSR) officer.

How has Constellation Brands performed in fiscal-2020? - results data

3 Apr 2020

Constellation Brands enjoyed a final flourish in its latest fiscal full-year, the last before the effects of the coronavirus pandemic will hit.

Anheuser-Busch InBev halts Mexican brewing after coronavirus ruling

3 Apr 2020

Anheuser-Busch InBev is to cease brewing operations in Mexico, after the country's authorities deemed beer production as non-essential.

Coronavirus takes shine off hard seltzer's moment in the sun - comment

2 Apr 2020

It was supposed to be the summer of seltzer. But the coronavirus outbreak in the US has put paid to what analyst estimated would be a 270% increase in sales this year for one of the hottest categories in alcoholic drinks.

Top US brewers in 2019 - data

2 Apr 2020

This week, US trade body The Brewers Association released its annual chart listing the largest brewers in the country in volume terms in 2019. Here is the top 50.

US beer enjoys coronavirus bounce in off-premise - figures

31 Mar 2020

Beer sales in US off-premise channel surged at the start of the coronavirus emergency, new figures have shown.

More drinks firms pledge industry support amid coronavirus outbreak

24 Mar 2020

A raft of drinks companies have joined the movement to support the trade and communities struggling to deal with the COVID-19 pandemic.

US off-premise sales soar for Constellation Brands as consumers head home

23 Mar 2020

Constellation Brands has seen its beer volumes leap by almost a third in the US off-premise channel in the last month, as consumers avoid the on-premise to stem the spread of COVID-19.