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Tag Archive: Constellation Brands

News Alert: Constellation, Gallo Further Revise Their Billion-Dollar Deal

Constellation Brands and E.&J. Gallo are edging closer to completing their billion-dollar deal covering a host of lower-end wine brands, but today the two companies announced that Constellation’s California-based Mission Bell winery will no longer be included. Continue reading →

Posted in News on May 28, 2020

Constellation Backs Canopy With Increased Stake

Constellation Brands has upped its stake in Canopy Growth. Continue reading →

Posted in News on May 5, 2020

News Briefs for May 4, 2020

•Constellation Brands has formally raised its stake in Canadian cannabis producer Canopy Growth to 38.6% through an exercise of existing warrants. Continue reading →

Posted in News on May 4, 2020

Constellation Scales Back Mexican Beer Production Under Government Order

Constellation Brands has announced that it is paring back brewery operations in Mexico in response to the Mexican government’s coronavirus-related restrictions on non-essential businesses. Continue reading →

Posted in News on April 8, 2020

Constellation Preps Innovations, Says Mexican Operations Are Ongoing

Constellation Brands revealed a number of innovations set to launch in the coming months during an earnings call on Friday, while also offering an update on the COVID-19 crisis and addressing questions over production at its Mexican brewing operations. Continue reading →

Posted in News on April 6, 2020

Constellation’s Full-Year Sales Top $8.3 Billion, But Outlook Uncertain Amid COVID-19 Crisis

Constellation Brands continued to show solid growth in its fiscal year through February, with net sales up 3% to $8.34 billion and operating income rising 4% to $2.7 billion, but the company says results for its current fiscal year are impossible to predict at the moment in light of the COVID-19 outbreak. Continue reading →

Posted in News on April 3, 2020

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