Articles Tagged with 'Constellation Brands'

Constellation Brands CFO Named New CEO of Canopy Growth

Constellation Brands CFO Named New CEO of Canopy Growth

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.

Constellation Brands to Sell Ballast Point to Small Chicagoland Brewer Kings & Convicts

Constellation Brands to Sell Ballast Point to Small Chicagoland Brewer Kings & Convicts

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.

White Claw Maker Ups Production Facility Investments to $385 Million

White Claw Maker Ups Production Facility Investments to $385 Million

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.

People Moves: Constellation Brands Promotes Mallika Monteiro Again; Ceria Beverages Names VP of Business Development

People Moves: Constellation Brands Promotes Mallika Monteiro Again; Ceria Beverages Names VP of Business Development

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.

Canopy Growth Corporation Terminates Co-Founder and Co-CEO Bruce Linton

Canopy Growth Corporation Terminates Co-Founder and Co-CEO Bruce Linton

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’ Shipments and Depletions Grow in Q1

Constellation Brands’ Shipments and Depletions Grow in Q1

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 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.

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.