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.
Constellation Brands has recalled Corona Extra 12-packs and 18-packs of 12 ounce clear bottles in the US and Guam as they may contain particles of glass.
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…...
Constellation Brands insists growth targets for its beer business are ‘definitely not pie in the sky,’ as it reports a 12% increase in net beer sales in FY2015.
One US analyst believes that a more aggressive US pricing strategy led by Anheuser Busch InBev could reignite sales growth for craft beer competitor Samuel Adams.
CONSTELLATION BRANDS BEER BUSINESS HAS ‘EXCEPTIONAL MOMENTUM’
Constellation Brands announced yesterday that its Mexican beer brand Modelo Especial is poised to overtake Heineken as the No.2 selling imported beer in the US.
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.
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