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.
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.
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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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.
Heineken plans to sell Crown Holdings its Mexican packaging business Empaque for $1.225bn to boost its balance sheet and focus its efforts on brewing and selling beer.
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.
Hydro, whose clients include Tetra Pak, Ball and Crown, is celebrating after getting the go-ahead to build a $61m beverage can recycling plant in Neuss, Germany.
CONSTELLATION BRANDS SLAMS 'VEXATIOUS' LITIGATION OVER UNTENABLE CLAIMS
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.
Crown Holdings has opened three beverage can factories in Heshan (Guangdong province), Ziyang (Sichuan province) and Putian (Fujian province), bringing the total number of plants in China to seven.
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.
Crown Holdings has signed a deal with Austin-based HeatGenie to accelerate efforts to bring the latter’s self-heating for beverage and ‘sippable soup’ packaging technology to market in 2013.
Crown predicted strong unit volumes in beverage and Bemis expects to push ahead after a year of re-organising the business, as both firms reported their Q4 and full year results.
Crown Holdings tells BeverageDaily.com that it hopes to introduce a new full aperture end just launched in China for use with 150ml Budweiser cans to other geographies in future.
Crown Holdings has postponed plans to build two new plants in China as it continues to face sluggish economic conditions and unfavourable weather in its key markets.
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.
Crown Holdings will boost its annual beverage can production capacity in China and Malaysia by nearly 1.5bn in order to meet growing demand in the countries.
