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 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 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 sees a bright future in the high-end beer market, and its strategies to embrace the category’s potential include a new 10m hectoliter brewery in Mexicali, more capacity for its Nava brewery, and growth for recently-acquired Ballast...
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.
Constellation Brands claims it is outperforming the US wine and spirits industry via Symphony IRI channels, due to promotional investments gaining ground at retail level.
SABMiller warns of problems ahead due to rising cost of raw
materials; Constellation Brands acquires US wine business of
Fortune Brands; and Scottish & Newcastle rejects
sweetened takover offer from Carlsberg and Heineken.
As expected, Constellation Brands, the diversified US drinks group,
has acquired Australia's leading winery BRL Hardy in a deal valued
at around €1.32bn.