Constellation Brands

Modelo Especial dethroning Bud Light was a decade in the making—and its coronation began with one man blocking a $20 billion deal. Modelo Especial dethroning Bud Light was a decade in the making—and its coronation began with one man blocking a $20 billion deal. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

Demographic shifts and savvy marketing fueled the Mexican import’s rise. A Bud Light boycott finished the job. Demographic shifts and savvy marketing fueled the Mexican import’s rise. A Bud Light boycott finished the job. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors.…

For much of last year, U.S. beer sales seemed largely unaffected as rising prices squeezed shoppers’ pocketbooks. Some beer drinkers traded up to fancier brands as an affordable indulgence; others switched to cheaper suds.  That changed after price hikes took effect across the industry in October. U.S. demand for beer fell in the last three months of the year as consumers reacted with sticker shock. Corona brewer Constellation CEG -1.20% Brands Inc. now says it plans to…

U.S. stocks have been on sale of late, but corporate insiders aren’t finding many bargains. Insider sentiment, measured by the trailing three-month average ratio of companies whose executives or directors have been buying stock versus selling, has dropped for six consecutive months, according to data from InsiderSentiment.com. That is the longest such decline in almost two years. Insiders typically have greater insight on the business outlook, and the fact that they haven’t been scooping up their own stocks as the market…

Shoppers are reaching less for the top shelf.For more than a decade, high-price drinks have driven sales growth in the wine and spirits industries as people traded up for fancier brands. That is now changing: Sales growth of costlier spirits and wine is slowing, and even reversing, as shoppers seek out more value.  The shift is another sign that behavior is changing among some of the least price-sensitive shoppers as economists forecast a recession. While demand for luxury goods has largely held up in the face of…

More companies are offering supply-chain financing to their vendors, a tool that allows them to pay their bills later while also providing suppliers with faster access to cash.Supply-chain financing can boost the cash position of both buyers and sellers. A third party, often a bank, pays a vendor’s invoices but takes a cut. The company pays the bank the amount that was due under the invoice, though at a later date than originally required. The bank’s cut is determined by the company’s credit rating. Supply-chain snarls…

Coca-Cola and other companies are expanding into alcoholic drinks as consumer demand rises. Photo: Jakub Porzycki/Zuma Press…