Exclusive news and research on the wine, spirits and beer business

Daily Archive: October 18, 2018

Interview: Constellation’s Incoming CEO, Bill Newlands, Speaks On The Opportunities Ahead

In a major move late yesterday, Constellation Brands announced that its current president and COO, Bill Newlands, will take over chief executive duties from Rob Sands, effective next March, with Sands becoming executive chairman. With the transition, Newlands will become the first Constellation CEO from outside the Sands family. He takes the helm during a heady time for Constellation, which has seen its market value rise from $6.3 billion in 2012 to $43 billion today, following a string of acquisitions across the wine, spirits, and beer businesses. Most recently, Constellation made another bold move with its $4 billion investment in Canadian cannabis producer Canopy Growth. SND managing editor Daniel Marsteller caught up with Newlands to discuss his new appointment and the future of Constellation. Continue reading →

Posted in News on October 18, 2018

Pernod Reports Strong First Quarter, Renews With SGWS In 35 States

Pernod Ricard reported organic sales growth of 10.4% globally for its fiscal first quarter ended in September. Continue reading →

Posted in News on October 18, 2018

News Briefs for October 18, 2018

•Following the October 17 legalization of recreational marijuana in Canada, Breakthru Beverage Group Canadian subsidiary and cannabis sales brokerage arm Kindred Partners Inc. has named David Prodanovic as general manager. Continue reading →

Posted in News on October 18, 2018