Tag Archives: Bill Newlands

CBrands to Invest $100 Million in Black, Minority-Owned Bev/Al Businesses

Posted on June 29, 2020 by Joel Whitaker

The idea, the company says, is “to achieve greater equity for African American/Black colleagues at Constellation, within the beverage alcohol industry, and within the communities they operate in.” Constellation Brands Ventures (CBV), the company’s corporate venture capital group, will invest … Continue reading →

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CBrands: Our Corona Sales Are Doing Just Fine, Up 5% in 4-Week Period

Posted on March 4, 2020 by Donna Whitaker

We reported last week that a survey by a public relations firm sought to answer the question, “what’s in a name.”  The survey found consumers were avoiding Corona beer

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CBrands Sells Ballast Point to Kings & Convicts

Posted on December 4, 2019 by Donna Whitaker

Kings & Convicts Brewing Co., Chicago, agreed to acquire the Ballast Point brand and a number of its associated production

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CBrands Agrees to Sell Black Velvet to Heaven Hill

Posted on August 12, 2019 by Joel Whitaker

Constellation Brands said it agreed to sell its Black Velvet Canadian Whisky brand and the Black Velvet production facility in Lethbridge, Alberta, Canada, to Heaven Hill Brands for about $266 million.  The transaction is expected to close before year-end. Black … Continue reading →

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CBrands Sales Rise 2% in Quarter as Profit Inches Upward

Posted on July 2, 2019 by Donna Whitaker

Constellation Brands reports sales rose 2% to$2.097 billion.  Net profit rose 1% to $646 million, or $2.21 a share.  Canopy Growth was a drag on the company’s performance, costing it 20 cents a share.

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CBrands Buys Minority Stake in Mezcal El Silencio

Posted on April 17, 2019 by Donna Whitaker

The investment was made through Constellation’s venture capital group that identifies and invests in premium emerging brands.

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