Constellation Brands

Constellation Brands

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Website
cbrands.com/
Location
Unknown

Founded
1945
BREWERY TYPE
Production - Large
Address
Unknown
Overview
Constellation Brands, Inc. (NYSE: STZ and STZ.B), based in Victor, New York, is a leading wine, beer and spirits company with a broad portfolio of premium brands. Constellation is the world leader in premium wine, the number one beer importer and the number three beer company in the U.S. The company’s brand portfolio includes Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Pacifico, Ballast Point, Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino, Jackson-Triggs, SVEDKA Vodka and Casa Noble Tequila.
ANNUAL PRODUCTION
Unknown
SUBSIDIARIES:
Ballast Point Brewing Company
Funky Buddha Brewery
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Constellation Brands CEO to Step Down Next Year

Constellation Brands CEO to Step Down Next Year

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.

Constellation Brands Reports 10 Percent Depletion Growth in Q2

Constellation Brands Reports 10 Percent Depletion Growth in Q2

Constellation Brands reported its second-quarter fiscal 2019 earnings today, which were highlighted by 10.1 percent growth in beer depletions (sales-to-retailers) and an 8.7 percent increase in shipments (sales-to-wholesalers) for the comparable three-month period ending August 31. Net sales of Constellation Brands’ beer portfolio increased 10.5 percent during the quarter, to more than $1.5 billion.

NBWA Leaders Call for Franchise Law Protections

NBWA Leaders Call for Franchise Law Protections

Under the specter of Constellation Brands potentially forcing additional sales of its distribution rights in California, leaders from the National Beer Wholesalers Association stressed the importance of protecting state franchise laws to thousands of wholesalers and industry professionals attending the trade association’s annual convention in San Diego. NBWA chairman Jim Matesich, without naming Constellation Brands, pointed to trade press headlines from June when the beverage alcohol company forced Markstein Beverage Co. to sell its distribution rights in northern San Diego County to Reyes Beverage Group. “Terminations without cause, particularly of distributors that took risks and helped build those brands create distrust in trading partners,” he said.

Increased Freight Costs and a Driver Shortage Cramp Beer Profits

Increased Freight Costs and a Driver Shortage Cramp Beer Profits

Surging freight costs, a shortage of long-haul truck drivers and new laws restricting the number of hours that drivers can be on the road are cutting into profits of beer companies and other major corporations throughout the United States. Although increased transportation costs are affecting all consumer goods industries, Beer Institute chief economist Michael Uhrich told Brewbound that they’re disproportionately affecting the beer industry because the vast majority of beer sold domestically is shipped. Last year, beer companies shipped 2.9 billion cases of beer, according to the National Beer Wholesalers Association.

News and Notes from the California Craft Beer Summit

News and Notes from the California Craft Beer Summit

Thousands of California beer industry professionals met in Sacramento last week for the California Craft Brewers Association annual three-day Craft Beer Summit, Expo and Beer Festival. As an official media partner of the event, Brewbound hosted 10 hours of live streamed interviews, and sat in on a variety of seminars during the show. Here’s what we learned.

Constellation Brands Launches Western Standard Saloon Lager in Select Markets

Constellation Brands Launches Western Standard Saloon Lager in Select Markets

Inspired by beer that was served at pre-prohibition saloons, Western Standard, a High West endeavor, is rolling out now in Minneapolis, Salt Lake City and Phoenix. Western Standard is a modern sessionable barrel-aged lager blended with beer aged in High West bourbon barrels.

Constellation Brands to Present at Barclays Global Consumer Staples Conference

Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Bill Newlands, president and chief operating officer and David Klein, chief financial officer, will present at the Barclays Global Consumer Staples Conference on Wednesday, September 5, 2018, at the Intercontinental Hotel in Boston, Mass.

Ballast Point Releases White Wine Barrel-Aged Sour Wench

Ballast Point Releases White Wine Barrel-Aged Sour Wench

This pretty lady will make you pucker. Ballast Point is kicking off a new Trade Street Collection with a barrel-aged version of award-winning sour, introducing a new White Wine Barrel-Aged Sour Wench available nationwide.

Tony Romo Replaces Jon Gruden as Constellation’s Corona Hotline Operator

Tony Romo Replaces Jon Gruden as Constellation’s Corona Hotline Operator

Corona Extra® has drafted former star quarterback and current football analyst Tony Romo as the operator and face of the fan-favorite Corona Hotline, which returns for its second year this football season. Featuring a new number, 1-844-9-Corona, fans can call the Corona Hotline all season long to tap into Romo’s renowned powers of prediction, hear gameday reflections and enter for a chance to win prizes such as Corona gear or poolside seats in Las Vegas for the Big Game.

Illinois Bar Owners Voice Opposition to Law Allowing Taprooms to Sell Other Companies’ Beer and Cider

Illinois Bar Owners Voice Opposition to Law Allowing Taprooms to Sell Other Companies’ Beer and Cider

Following the signing of a law allowing Illinois breweries to immediately begin selling beer and cider from outside beer companies in their taprooms, several Chicago restaurant and craft beer bar owners expressed concern that new regulations create additional competition for their businesses. However, a couple of Chicago brewery owners told Brewbound that they don’t anticipate major changes in the way they run their taproom businesses.

Constellation Brands Restructuring, Lays Off Dozens of Craft Sales Reps

Constellation Brands Restructuring, Lays Off Dozens of Craft Sales Reps

On the same day that it announced a $4 billion investment into Canada’s Canopy Growth Corporation, Constellation Brands also laid off dozens of employees tasked with selling the company’s craft and specialty beers throughout the U.S. Constellation — whose craft portfolio includes Ballast Point in California, Funky Buddha in Florida and Four Corners Brewery in Texas as well as Mexican import brands Corona, Modelo and Pacifico — terminated around 60 of its 100 or so craft and specialty reps, a source familiar with the situation told Brewbound.

Constellation Brands Spends $4 Billion to Raise Stake in Canopy Growth Corporation

Constellation Brands Spends $4 Billion to Raise Stake in Canopy Growth Corporation

Constellation Brands is taking a second hit of Canopy Growth Corporation (TSX: WEED). Less than a year after spending $191 million to acquire a 9.9 percent stake in the Canadian cannabis company, the Corona and Modelo maker today announced it would invest approximately $4 billion to acquire 104.5 million shares of Canopy, raising its stake to about 38 percent.

Constellation Brands to Build Ballast Point Brewpub in San Francisco

Constellation Brands to Build Ballast Point Brewpub in San Francisco

Constellation Brands is continuing to invest behind an own-premise retail strategy for its Ballast Point brand, yesterday confirming plans to open another California brewpub in 2019. The new Ballast Point location – its eighth in California and the tenth in the U.S. — will be located in San Francisco’s Mission Bay neighborhood, where the NBA’s Golden State Warriors are building a new stadium.


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