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Tag: constellation

Constellation Brands acquires Gary Vaynerchuk’s Empathy Wines

Box from Empathy Wines Empathy Wines Constellation Brands announced plans on Wednesday to acquire Empathy Wines, a direct-to-consumer vintner co-founded by entrepreneur Gary Vaynerchuk. Terms were not disclosed. Empathy, founded in 2019, has sold about 15,000 cases of its signature California-sourced wine and has amassed more than 2,000 subscribed customers, who purchase the product exclusively online. …

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Corona-maker Constellation pumps $40 million into seltzer launch

Constellation Brands CEO Bill Newlands told CNBC Wednesday the company is committing big dollars to launch a line of Corona hard seltzers, an alcoholic beverage category that is a growing favorite among millennials. The spirits company, whose portfolio includes Corona Extra, Modelo Especial and Svedka Vodka, plans on spending more than $40 million in marketing …

Corona-maker Constellation pumps $40 million into seltzer launchRead More

Constellation Brands (STZ) earnings Q3 2020 weighed down by cannabis

Bottles of Corona and Pacifico beer are displayed in a cooler at Marin Beverage Outlet in San Rafael, California. Justin Sullivan | Getty Images Beer brewer Constellation Brands‘ big bet on cannabis company Canopy Growth has yet to pay off. The brewer of Corona and Modelo invested $4 billion in the Canada-based company in 2017. The company …

Constellation Brands (STZ) earnings Q3 2020 weighed down by cannabisRead More