Constellation Brands and Molson Coors are expected to annex more shelf and cooler space in convenience stores following the upcoming spring 2024 resets, according to Goldman Sachs Equity Research’s recent Beverage Bytes survey.
The U.S. House of Representatives passed the $2.2 trillion stimulus package Friday afternoon and sent the bill to President Donald Trump, who signed the bill into law at 4 p.m. ET in the Oval Office. U.S. brewers shipped 11,350,000 barrels in February, a decline of 0.7% compared to February 2019, according to national trade group the Beer Institute.
In an effort to reassure attendees of next month’s Craft Brewers Conference & BrewExpo America in San Antonio, Texas, the Brewers Association (BA) said Monday that the show will go on as planned despite fears over the spread of the coronavirus-caused disease, COVID-19.
Constellation Brands’ beer portfolio recorded another period of growth in shipments, depletions and net sales, the Victor, New York-headquartered beer, wine and spirits company announced today during its fiscal year 2020 third quarter earnings report.
Canadian Cannabis company Canopy Growth Corporation announced today the appointment of David Klein as CEO, effective January 14, 2020. Meanwhile, Constellation Brands has named Garth Hankinson as Klein’s replacement.
Four years after paying $1 billion for Ballast Point Brewing Company, Constellation Brands today threw in the towel on its big craft bet, announcing an agreement to sell the San Diego craft beer brand along with “a number of its associated production facilities and brewpubs” to Kings & Convicts, a little-known Chicagoland craft brewing company.
Former Boston Beer CMO joins Courvoisier. Jester King head brewer departs to start new brewing project in Chicago. Lawson’s Finest Liquids hires first marketing director.
White Claw maker Mark Anthony Brands plans to spend $385 million — $135 million more than the previously projected $250 million — to build production facilities in New Jersey and at a still-undisclosed location in the western United States, founder and CEO Anthony von Mandl shared during the Beer Insights Seminar conference in New York on Monday.
Constellation Brands has once again promoted Mallika Monteiro. Last Friday, the New York-headquartered maker of Mexican import brands Corona, Modelo and Pacifico appointed Monteiro as executive vice president and chief growth and strategy officer. Meanwhile, Ceria Beverages, which makes THC-infused, non-alcoholic beers, has appointed Greg Miller as its first vice president of business development.
Constellation Brands will enter the booming hard seltzer category next spring with a Corona branded spiked seltzer, CEO Bill Newlands said during the company’s second-quarter earnings call Thursday.
Canopy Growth Corporation (TSE: WEED) today announced that co-CEO Bruce Linton has stepped down as chief executive and board member. However, Linton, who co-founded the company in 2013, called into CNBC to clarify that he was fired from the world’s largest cannabis company.
Constellation Brands’ beer portfolio continues to drive the company’s growth. The multifaceted alcohol company today reported its first-quarter fiscal 2020 earnings, which were highlighted by a 5.4 percent increase in shipments (sales-to-wholesalers) and a 6.6 percent increase in depletions (sales-to-retailers) for the three-month period ending May 31.
Constellation Brands reported its fiscal year and fourth quarter 2019 earnings results today, which were highlighted by a 7 percent increase in net sales, to more than $8.1 billion.
In the latest edition of People Moves: Long-time beer executive Bill Hackett retires from Constellation Brands; Crook & Marker hires Bai president; and Anheuser-Busch InBev board chairman set to resign.
Rob Sands will step down as CEO of Constellation Brands on March 1, 2019, the New York-based alcohol beverage company announced today. Assuming the role from Sands will be Bill Newlands, who joined Constellation as chief growth officer in 2015 and took over as president from Sands in February.
