Constellation Brands is divesting a portion of its mainstream and premium wine portfolio - including Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines - to The Wine Group.
Monster plans to launch its first flavored malt beverage RTD alcohol product at the end of the year, promising a drink that will ‘carve out its own unique space’ in the increasingly crowded sector. And the company signals that this will be more than a...
Constellation Brands has acquired a minority stake in US wine brand Archer Roose: an ‘accessible luxury wine brand focused on offering consciously-crafted, worldly wines to a new generation of wine drinkers’.
The Brewers Association – the trade association dedicated to small and independent American brewers – has released its 2021 list of the US’ top brewers and craft brewers.
Canopy Growth Corporation has named alcohol distributor Southern Glazer’s Wine & Spirits as the distribution partner for its US portfolio of CBD-infused beverages.
Truss Beverage Co – the joint venture of Molson Coors Canada and Hexo Corp – is launching six new products with CBD and THC in Canada. Having emerged as the category leader, what has it learned from its initial 2020 launches – and where does it see the...
Constellation Brands has formed a standalone, vertically integrated fine wine and craft spirits business unit ‘to enable its aspiration to be the #1 leader in the fine wine category and among the top portfolios in cult and luxury wine’.
AB InBev’s Mexican division, Grupo Modelo, has filed a lawsuit against Constellation Brands, accusing it of breaching a deal by using the Corona brand name with a non-beer product – namely its Corona Hard Seltzer.
Coca-Cola maintains its position in the top 10 in Interbrand’s Best Global Brands 2020 Report. But what are the other beverage brands making their mark this year?
E-commerce for beverage alcohol has exploded due to the pandemic – increasing around four times in volume, according to Constellation Brands. But that’s only one change it sees in the way consumers shop.
Constellation Brands is lining up new flavors and SKUs for Corona Hard Seltzer. Anheuser-Busch is bringing a new product into play with Michelob Ultra Organic Seltzer. Coca-Cola will launch its hard seltzer in 2021 - and is PepsiCo eying up an entry into...
Constellation Brands has acquired Kentucky-based Copper & Kings American Brandy Company, a distillery which produces American brandy, absinthe, gin and Destillaré liqueurs.
The new Corona Hard Seltzer has already become the #4 hard seltzer brand in the US. And Constellation Brands sees the overall hard seltzer category continue to blossom: ‘If anything, previous estimates are starting to look conservative'.
Constellation Brands will purchase Empathy Wines, a ‘high-performing, digitally-native wine brand and direct-to-consumer (DTC) platform’ founded in 2019.
The Brewers Association (BA), which represents US independent brewers, has released its annual top 50 list according to craft beer sales volume: along with an overall top 50 brewers list.
Five weeks ahead of the start date, the Brewers Association has canceled the 2020 Craft Brewers Conference and World Beer Cup events, that were set to take place in San Antonio, Texas.
Beer giants such as AB InBev, Constellation Brands, Molson Coors and Carlsberg are all vying to grab a slice of the seltzer action. How will the entry of Big Beer transform the category in 2020?
US consumers spent $2.6bn buying alcohol online last year, but experts say it could be billions more. Alcohol ecommerce penetration is ‘abysmally low’ which Rabobank believes could have 'profound consequences' on the industry.
Constellation Brands will launch a Corona hard seltzer next spring, seeing the brand as a perfect vehicle for entering the booming seltzer category: ‘The refreshment characteristics of seltzers perfectly match Corona refreshment DNA.’
Consumers still prefer bottled wine over canned wine - but only by a small margin, according to a blind taste test conducted by WICresearch, a group tracking the canned wine industry.
Constellation Brands highlights a long-term strategy for Canopy and cannabis beverages, despite a hit from disappointing results for the cannabis business.
The first day of summer in the Northern Hemisphere is June 21, and the alcoholic beverage industry in the US is ready with a bevy of seasonal launches, promotional campaigns and refreshed packaging.
The sale of cannabis beverages in Canada is anticipated to start in mid-December this year, says Health Canada, with a greater variety of products emerging in 2020.
Over the past decade, the beverage category has been defined by the millennial generation, driven by local craft brands. The 2020s are expected to be shaped by Gen Z, with further digitization of brands using smart technology.
Constellation Brands is expanding its core Corona brand with new launches that appeal to a wider range of consumers and occasions – including the nationwide US rollout this month of premium alcohol-spiked refresher Corona Refresca.
By Dr. Richard Sayre and Peter McDonough, Trait Biosciences
The $5bn CAD investment by Constellation Brands in Canopy Growth Corporation, along with the interest in the cannabis sector by other beverage heavy weights such as Molson-Coors, is conclusive evidence that the emergence of a well-organized and well-financed...
The nationwide legalization of recreational cannabis in Canada went into effect last week, with many concerned about what the new market could do to beer, wine and liquor sales. But TABS Analytics’ 2018 BevAlc study found no reason start worrying--yet....
Canada is the second country in the world to legalise recreational marijuana after Uruguay, where adults can carry and share up to 30 grams of dried cannabis and operate up to four homegrown marijuana plants per household, in most provinces.
Traditional mass US beers face a new challenge from a growing category of craft, premium and light lagers: brands like Michelob Ultra and Corona lead the pack of alternative light lagers and pilsners that have swung back into favor among US consumers.
‘The emerging cannabis space is potentially one of the most significant global growth opportunities of the next decade’
Beer and wine giant Constellation Brands made headlines this year by announcing its investment of $4bn USD in Canadian cannabis company Canopy Growth. Rob Sands, CEO of Constellation Brands, says that the cannabis space is opening up much more rapidly...
Corona Premier and Corona Familiar – the first major Corona innovations in over 25 years – are already exceeding expectations, says Constellation Brands; while it is also experimenting with premium spiked refresher Corona Refresca in test markets....
Consumption of alcoholic drinks has been largely static in recent years whereas the use of cannabis is growing and will continue to expand, offering a commercial opportunity for the alcohol industry in North America, according to Euromonitor analysts.
Investment will help Constellation ‘stay ahead of evolving consumer trends’
Constellation Brands has acquired Florida-based Funky Buddha Brewery as part of the company’s goal to expand its high-end beer segment. Terms of the deal were not disclosed.
Diageo’s recent announcement of a record $1bn deal to takeover Casamigos, the fastest growing super-premium tequila brand in the US (and co-founded by George Clooney), is just the latest indicator of intensified M&A activity in the liquor segment.
Constellation Brands says it is “too early to know” how US President Donald Trump’s policies – and in particular a 20% tax on imports from Mexico - will affect its business.
Constellation Brands ended its first quarter with net sales of $1.9bn, a 15% year-over-year increase, driven by the company’s acquisitions of premium brands coupled with consumer demand for high-end alcohol products.
Constellation Brands has announced it will acquire The Prisoner Wine Company brands, a portfolio of five super luxury wine brands, while the company emphasizes the continued growth of premiumization and craft.
