Tag Archive: Crown Imports
News Briefs for February 21, 2013
•U.S. wine exports were up 2.6% last year, to a record $1.43 billion in winery revenues, according to the Wine Institute. Continue reading →
Posted in News on February 21, 2013ABI-Modelo Deal Could Be Salvaged With Brewery Disposals, Analysts Say
Anheuser-Busch InBev (ABI) faces several unpalatable options following the Justice Department’s move to block ABI’s proposed $20 billion acquisition of the 50% of Grupo Modelo it doesn’t already own. Continue reading →
Posted in News on February 5, 2013Anheuser-Busch, Constellation Hit By U.S. Suit To Block Takeover Of Modelo
The U.S. Department of Justice filed suit today in U.S. District Court to block Anheuser-Busch InBev’s $20.1 billion deal to acquire Grupo Modelo, arguing that the acquisition would result in “less competition and higher beer prices for American consumers.” Continue reading →
Posted in News on January 31, 2013Constellation’s Wine And Spirits Sales Up 6% In Q3, Despite Tough On-Premise Climate
Constellation saw 6% organic growth across its wine and spirits portfolio in the three months through November, with Woodbridge, Rex Goliath, Kim Crawford, Ruffino and Mark West (acquired last July from Purple Wine Group for $160 million) driving gains. Continue reading →
Posted in News on January 9, 2013News Briefs for December 19, 2012
•While it remains to be seen whether Whyte & Mackay remains part of United Spirits Ltd. (USL) once Diageo takes control of the Indian spirits giant, one thing appears certain—W&M’s shift away from private-label Scotch whisky production and sharpened focus on its higher-margin single malt portfolio (led by Dalmore and Isle of Jura) is paying off. Continue reading →
Posted in News on December 19, 2012Constellation Sales Rise 1% In First Half As Profits Slip On Promotion, Innovation Drives
Constellation Brands posted a 1% net sales rise to $1.3 billion in the first half of its fiscal year, ended August 31, as net income fell to $196.6 million from $237 million a year earlier. Continue reading →
Posted in News on October 5, 2012
