Constellation Brands

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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.

"Declining craft trends" prompt closure of Constellation Brands' Ballast Point brewing sites

29 Apr 2019

Constellation Brands has confirmed to just-drinks its intention to close two brewing facilities in California for its Ballast Point craft brewer.

Constellation Brands names Robert Hanson wine & spirits president

26 Apr 2019

Constellation Brands has appointed a new president of its wine & spirits business unit.

Constellation Brands takes minority stake in Mezcal El Silencio

16 Apr 2019

Constellation Brands has entered the mezcal category with a minority stake in Los Angeles producer Mezcal El Silencio.

Copper & Kings American Brandy Co's A Song For You - Product Launch

16 Apr 2019

Kentucky-based brandy producer Copper & Kings American Brandy Co has released an expression to mark its fifth anniversary.

Constellation's wine sale to Gallo – It had to be you – analysis

5 Apr 2019

In keeping with the wider wine strategy to pursue value at the expense of volume, Constellation Brands' divestment of around 30 lower-end brands this week comes as little surprise. Nor does the identity of the buyer, according to one analyst, with E&J Gallo "uniquely positioned" to take on Constellation's unwanteds.

Constellation Brands readies Pacifico push - CEO

5 Apr 2019

Constellation Brands has lined up increased investment for its "up-and-comer" Mexican beer brand Pacifico in the US market.

Constellation Brands low-value clear-out will hurt wine - just-drinks thinks

4 Apr 2019

At international trade exhibition ProWein last month, just-drinks spoke to Australia's Casella Family Wines. The independent company is an interesting proposition as it ably competes - like many family-owned wineries - in global fine wine, but at the same time packs in its portfolio the sub-US$5 blockbuster Yellow Tail, a brand that astonishingly accounts for the majority of Australian wine sold in the US.

Constellation Brands offloads lower-end wines to E&J Gallo in US$1.7bn deal

4 Apr 2019

Constellation Brands has agreed to sell about 30 lower-end brands from its wine & spirits portfolio to E&J Gallo Winery as it looks to better align its business with premiumisation trends.

How did Constellation Brands perform in fiscal-2019? - results data

4 Apr 2019

Constellation Brands has seen its top line rise by 7% for the second year in a row.

Constellation Brands’ Modelo Chelada Limón y Sal - Product Launch

15 Mar 2019

Constellation Brands has added another flavour to its Modelo range of chelada beers.

Constellation Brands' Corona Refresca - Product Launch

12 Mar 2019

Constellation Brands has given an official launch to Corona Refresca, the Corona brand's first flavoured malt beverage (FMB).

Constellation Brands switches chief compliance officer position for wine, spirits

27 Feb 2019

Constellation Brands has announced the internal appointment of a chief compliance officer for its wine and spirits division.

How Canopy Growth CEO Bruce Linton views the cannabis sector - Focus

22 Feb 2019

This week, Canopy Growth CEO Bruce Linton presented at the analyst conference CAGNY for the first time. Here's a round-up of what the biggest player in the emerging cannabis sector, and Constellation Brand's cannabis partner, had to say in Florida.

Constellation Brands’ Ballast Point Passing Haze IPA and Brut IPA - Product Launch

22 Feb 2019

Constellation Brands’ Ballast Point Passing Haze IPA and Brut IPA - Product Launch

From cannabis to carbs - Ten innovation trends for 2019 - focus

21 Feb 2019

Earlier this month, GlobalData presented on what it believes will be the 'Ten Innovation Trends to Watch in 2019'. Here, just-drinks outlines the trends to watch for the drinks industry.

Anheuser-Busch InBev makes spirits entry in US with Cutwater Spirits purchase

21 Feb 2019

The US division of Anheuser-Busch InBev has made its latest acquisition in the country, this time entering the spirits space with RTD start-up Cutwater Spirits.

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