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Tag Archive: Constellation Brands

News Briefs for January 9, 2017

•Starbucks is shaking up its approach to beverage alcohol, announcing plans to discontinue its “Evenings” program, under which it has been selling beer and wine at more than 400 stores in the U.S. Continue reading →

Posted in News on January 9, 2017

Constellation Brands Posts 10% Sales Growth In Third Quarter, Operating Income Rises 19%

Constellation Brands maintained its streak of double-digit growth in its fiscal third quarter ended November 30, 2016, although momentum slowed slightly as the company’s spirits and wine division couldn’t keep pace with its formidable first-half results.  Continue reading →

Posted in News on January 5, 2017

New Whisk(e)y-Themed Fund’s Shares Lagging, But Top Players Bullish On Category

The team behind a new whisk(e)y-themed exchange-traded fund (ETF) rang the closing bell at the New York Stock Exchange earlier this week, but so far there’s been little to celebrate. Continue reading →

Posted in News on December 23, 2016

News Briefs for December 20, 2016

•Constellation Brands has completed the sale of its Canadian wine business to the Ontario Teachers’ Pension Plan for C$1.03 billion ($786m). Continue reading →

Posted in News on December 20, 2016

Pernod Acquires Majority Stake In Craft Player Smooth Ambler

Pernod Ricard has acquired a majority take in Smooth Ambler Spirits Co., the West Virginia craft distiller best known for its Old Scout Single Barrel Bourbon. Continue reading →

Posted in News on December 8, 2016

Interview, Part 2: Constellation Beer’s Paul Hetterich On The Ballast Point Acquisition

EDITOR’S NOTE: With its Mexican portfolio thriving, last year Constellation Brands’ beer division jumped into the craft segment with the $1 billion acquisition of Ballast Point, the San Diego-based craft brewer. Since that deal closed, long-time Constellation executive Marty Birkel has been named president of Ballast Point, while the craft brewer’s founder Jack White and former top executives Yuseff Cherney, Jim Buechler and Earl Kight have all departed. (They’re now involved in a new venture, Cutwater Spirits, which owns former Ballast Point spirits brands Three Sheets Rum, Devil’s Share Whiskey, Fugu Vodka and others.) In this second part of SND contributing editor Terri Allan’s interview, Constellation Beer president Paul Hetterich explores how the Ballast Point deal has impacted Constellation—and whether new moves in the craft segment lie ahead. Continue reading →

Posted in News on December 8, 2016

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