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Tag Archive: Grupo Cuervo

Cuervo Posts Strong Start To 2019, With Sales Up By Double Digits

Grupo Cuervo has rocketed out of the gate in 2019, with first quarter sales rising 22.5% to MX$5.28 billion ($278m) and EBITDA up 6.8% to MX$1.15 billion ($60.4m). Continue reading →

Posted in News on April 30, 2019

Cuervo Posts 6.2% Increase In North American Sales, But Warns Of Increasing Agave Costs

Grupo Cuervo enjoyed solid revenue growth in the U.S. and Canada last year, with its North American net sales up 6.2% to MX$18 billion ($939m), boosted by premiumization within the portfolio. Continue reading →

Posted in News on February 27, 2019

Proximo Spirits Names Michael Keyes As President And CEO

After a lengthy search, Proximo Spirits has announced that Michael Keyes will be its next president and chief executive. Continue reading →

Posted in News on January 30, 2019

Grupo Cuervo Posts Sales And Volume Rises In The U.S. Market As Operating Profit Dips

Grupo Cuervo’s volumes in the U.S. and Canada rose by 4.6% to 2.8 million cases in its third quarter ended September 30, 2018, the company reported today. Continue reading →

Posted in News on October 26, 2018

Proximo Boosts Presence In Irish Whiskey, Debuting Conor McGregor’s Proper No. Twelve Brand

Grupo Cuervo subsidiary Proximo Spirits is looking to raise its profile in Irish whiskey with the launch of Proper No. Twelve, a new brand owned by mixed martial arts (MMA) fighter Conor McGregor. Continue reading →

Posted in News on September 17, 2018

Cuervo’s U.S. Sales Slip In Second Quarter As Distributors Reduce Inventories

Grupo Cuervo saw its North America volume drop 7% to 3.6 million cases in the three months through June, while net sales slipped 0.4% to MXN$5 billion ($267.6 million) compared to the previous year. Continue reading →

Posted in News on July 26, 2018

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