Tag Archives: Constellation Brands

CBrands Promotes Jim Sabia to Beer Division President

Posted on January 24, 2022 by Joel Whitaker

Constellation Brands Inc. promoted Jim Sabia to EVP-President, Beer Division.  He had been EVP-Managing Director, Beer Division since February 2021.   He succeeds Paul Hetterich who will assume the role of Executive Vice President and Chair, Beer Division. In this role, Hetterich … Continue reading →

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FTC, Justice Department Seek Info on Merger Guidelines

Posted on January 18, 2022 by Joel Whitaker

Mergers and acquisitions involving major bev/al suppliers and wholesalers may be prohibited or restricted depending upon what the Justice Department and Federal Trade Commission conclude after reviewing and possibly revising antitrust guidelines. In a request for information on merger enforcement … Continue reading →

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CBrands to Make Fresca-Brand Bev/Al

Posted on January 6, 2022 by Joel Whitaker

Constellation Brands said it will produce Fresca Mixed, a new distinctive line of spirit-based, ready-to-drink cocktails that, CBrands says, “are well-aligned to a new of emerging consumer trends.”  The announcement comes after the company reached a brand authorization agreement with … Continue reading →

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CBrand’s Cannabis ‘Investment’ Slam 3Q Bottom Line Despite Bev/Al Strength

Posted on January 6, 2022 by Joel Whitaker

Constellation Brands Inc. reports third quarter sales of $2.507 billion, down 5% from the year-earlier $2.644 billion.  But a $171.8 million loss at Canopy Brands, in which the company has a significant interest, resulted in net income plunging 62% to … Continue reading →

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CBrands Moving HQ to Rochester

Posted on September 22, 2021 by Joel Whitaker

Constellation Brands said it will move its global headquarters from Victor, N.Y., to the Aqueduct Building campus located at 50 East Broad St., downtown Rochester, N.Y. “A move to downtown Rochester provides opportunity to recruit and attract from a broad and diverse … Continue reading →

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Constellation Acquires Minority Stake in Sapere Aude Sparkling Wine

Posted on June 10, 2021 by Joel Whitaker

The transaction is part of Constellation Brands Ventures‘ Focus on Minority Founders Initiative to invest $100 million in African American/Black, Latinx, and minority-owned businesses by 2030.  Terms weren’t disclosed. Sapere Aude, which is Latin for “dare to know,” was founded … Continue reading →

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