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.
Constellation Brands made headlines last year when it purchased craft brewer Ballast Point Brewing for $1bn. The focus this year will be on expanding distribution of the craft brews nationwide, while an east coast brewery is also on the cards.
This week Coca-Cola Hellenic Bottling Company released its first quarter trading update, while Constellation Brands takes on a former US army captain as its chief marketing officer for wine and spirits. Meanwhile, Pepsi is ushering in its latest challenge…...
Cowen and Company analyst Vivien Azer says her company likes Constellation Brands’ ‘outsized’ exposure to imported beer and expects that category to win more share from non-craft domestic brands in 2015.
As voted for by you the readers - effectively - and checked by us on Google Analytics, here are our Top 10 most read news stories of 2014 – from Constellation Brands attracting the ire of craft brewers to Dr Pepper’s stevia trials.
WINE VISION 2014: TAYLOR'S PORT CEO ALSO WARNS OF RACE TO BOTTOM
Troy Christensen, CEO of Enotria Wine Cellars, warns the wine industry that spirits and beer have stolen its play book and says the industry needs to build ‘brand wine’ more effectively to attract consumers who can afford premium wines.
Constellation Brands CEO Robert Sands says cans offer a huge opportunity to grow sales of beers such as Corona Extra as the firm plans to significantly expand production at its brewery in Nava, Mexico.
A Toronto labor dispute that began nine months ago at Crown Holdings is escalating with strike leaders now urging the Canadian public not to drink beer brands in cans from brewers including Molson Coors and Labatt.
Constellation Brands misled a Federal court by arguing that it would not co-ordinate beer prices rises to follow AB InBev after the Grupo Modelo takeover and then doing so, nine US beer drinkers claim.
The chair of can giant Crown Holdings was tight-lipped when asked about the impact on the packaging industry if PepsiCo chose to spun-off its beverage business as 'activist-investor' Nelson Peltz demands.
Inflated costs and adverse foreign exchange conditions saw Crown Holdings post a slight year-on-year profit drop in the three months to the end of March 2012 – despite notching up improved sales figures and increased beverage can volumes.