Constellation Brands

Constellation Brands Announces Wine & Spirits Leadership Transition

Retrieved on: 
Thursday, January 4, 2024
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VICTOR, N.Y., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced that the Company and Robert Hanson, who has led the transformation of the company’s Wine & Spirits business since 2019, have mutually agreed that Mr. Hanson will step down from his role as Executive Vice President and President of the company’s Wine & Spirits Division, at the end of Constellation’s fiscal year on February 29, 2024. The company has initiated a search to identify a successor. Bill Newlands, President and Chief Executive Officer, will assume responsibilities as interim leader for the company’s Wine & Spirits Division, in addition to his existing responsibilities, until a successor is named. Newlands and Hanson will work together over the coming weeks to ensure a smooth transition of leadership.

Key Points: 
  • Bill Newlands, President and Chief Executive Officer, will assume responsibilities as interim leader for the company’s Wine & Spirits Division, in addition to his existing responsibilities, until a successor is named.
  • Newlands and Hanson will work together over the coming weeks to ensure a smooth transition of leadership.
  • Under Hanson’s leadership over the past four-and-a-half years, the company’s Wine & Spirits Division has significantly reshaped its brand portfolio through a series of divestitures of lower-end brands, several tuck-in acquisitions of higher-end fine wine and craft spirits brands, consumer-led innovation, and by establishing a strong operational foundation for long-term success and more profitable growth.
  • “I am proud to have served both the Board and the Wine & Spirits Division of Constellation Brands, have a deep admiration and respect for the company and its iconic beverage alcohol portfolio and, in particular, its talented team members,” said Hanson.

Provi and SevenFifty Daily Announce 2024 Premier Roundtable, Spotlighting On-Premise Growth with Collective Industry Support

Retrieved on: 
Wednesday, January 3, 2024
Retail, Communications, Restaurant, Bar, Wine & Spirits, Publishing, Food, Beverage, Constellation, Hospitality, Culture, Multimedia, Glass, ABL, Workplace, Constellation Brands, VALS, Organization

Provi , the largest online marketplace for the beverage alcohol industry, and SevenFifty Daily , an award-winning online magazine about the business and culture of the beverage alcohol industry, are thrilled to announce the first 2024 installment of their “ Beyond the Glass ” roundtable series.

Key Points: 
  • Provi , the largest online marketplace for the beverage alcohol industry, and SevenFifty Daily , an award-winning online magazine about the business and culture of the beverage alcohol industry, are thrilled to announce the first 2024 installment of their “ Beyond the Glass ” roundtable series.
  • I am looking forward to discussing these critical issues during the upcoming Provi and SevenFifty Daily roundtable discussion."
  • A recent Provi and SevenFifty Daily Beverage Alcohol Industry Career and Salary Survey Report revealed enduring effects on the hospitality industry, particularly in the on-premise tier.
  • Earlier this year, Provi and SevenFifty Daily introduced “Beyond the Glass,” a series dedicated to uniting industry leaders for the exchange of insights and ideas that foster community growth and advancement.

Constellation Brands Announces New Leadership Appointments

Retrieved on: 
Friday, December 8, 2023
Constellation, Marketing, Financial management, Enterprise risk management, Digital, Constellation Brands, Trade marketing, Strategy, Experience, Engagement marketing, Corona, Transformation, Grupo Modelo, ESG, Wine, Beer, McGrew, Nebraska, Becka, Controller, Innovation, E-commerce, Transport, SVP, Finance, Corporate development, Field, Acceleration, EVP, Corporate finance, Financial plan, Management

VICTOR, N.Y., Dec. 08, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced a number of new leadership appointments designed to position the company for sustained and industry-leading performance over the long term.

Key Points: 
  • VICTOR, N.Y., Dec. 08, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced a number of new leadership appointments designed to position the company for sustained and industry-leading performance over the long term.
  • “One of the hallmarks of our company’s success over many years has been our relentless focus on continuing to find ways to position Constellation Brands for sustained and industry-leading performance,” said Bill Newlands, Constellation Brands’ President and Chief Executive Officer.
  • Since joining Constellation in 2016, she has held a number of leadership roles with increasing responsibility, helping to accelerate Constellation’s innovation capabilities and driving portfolio growth through consumer-focused insights.
  • Dominach has held a number of Finance leadership roles in Treasury, Financial Planning, and Enterprise Risk Management since joining Constellation in 2003.

Constellation Brands to Report Third Quarter Fiscal 2024 Financial Results; Host Conference Call January 5, 2024

Retrieved on: 
Thursday, November 30, 2023
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A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m.

Key Points: 
  • A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m.
  • The conference call can be accessed by dialing +1-877-407-9121 and entering conference identification number 13742927, beginning at 10:20 a.m.
  • A live, listen-only webcast of the conference call will be available on the company’s investor relations website at ir.cbrands.com under the News & Events section.
  • For anyone unable to participate in the conference call, a replay will be available on the company’s investor relations website.

Constellation Brands to Present at the 2023 Morgan Stanley Global Consumer and Retail Conference on December 5, 2023

Retrieved on: 
Wednesday, November 29, 2023
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VICTOR, N.Y., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2023 Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 5, 2023 in New York, NY.

Key Points: 
  • VICTOR, N.Y., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2023 Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 5, 2023 in New York, NY.
  • The presentation is scheduled to begin at 1:30 p.m.
  • ET and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.
  • A live, listen-only webcast of the presentation will be available on the company’s investor relations website at ir.cbrands.com under the News & Events section.

Corona® Partners With Talia Coles on Feliz Navi-Drip Collection

Retrieved on: 
Tuesday, November 14, 2023
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Today, the iconic Mexican beer unveils a limited-edition collaboration with celebrity fashion designer Talia Coles, the creative genius behind Snoop Dogg’s iconic looks in the brand’s “La Vida Más Fina” campaign.

Key Points: 
  • Today, the iconic Mexican beer unveils a limited-edition collaboration with celebrity fashion designer Talia Coles, the creative genius behind Snoop Dogg’s iconic looks in the brand’s “La Vida Más Fina” campaign.
  • Coined Feliz Navi-Drip, the exclusive holiday pairing consists of limited-edition holiday cans of Corona Extra and matching robes, both designed by Talia.
  • In fact, the collection marks the first time the brand has invited a designer to reimagine the Corona Extra can.
  • “I am thrilled to be collaborating with Corona on this capsule collection, applying my ‘design your life’ mantra to the beer space and holiday season,” Talia said.

High West Distillery Launches A Midwinter Night's Dram Act 11 DTC in California Alongside eCommerce Partner Speakeasy Co

Retrieved on: 
Friday, November 10, 2023
Constellation, DTC, Wine Enthusiast, Wine, SAN, Stock, Constellation Brands, Partnership, SKU, E-commerce, Nightclub, High West, High West Distillery, Speakeasy

SAN DIEGO, Nov. 10, 2023 /PRNewswire/ -- High West Distillery partnered with Speakeasy Co to make their most exclusive whiskey, A Midwinter Night's Dram Act 11, available DTC to California based consumers.

Key Points: 
  • SAN DIEGO, Nov. 10, 2023 /PRNewswire/ -- High West Distillery partnered with Speakeasy Co to make their most exclusive whiskey, A Midwinter Night's Dram Act 11, available DTC to California based consumers.
  • High West Distillery , of Constellation Brands, began in Park City, Utah in 2006, being the state's first legal distillery since 1870.
  • The partnership with Speakeasy is a significant milestone for High West, offering expansion to new markets and enhancing the customer experience.
  • "The Speakeasy team is pleased to support High West's DTC expansion to California," said Michael Bowen, COO and co-founder of Speakeasy.

Constellation Brands Announces Expiration of Canopy Growth Warrants

Retrieved on: 
Friday, November 3, 2023
Constellation, CBG, Canopy Growth, SEDAR, Tranche, Warrant, NYSE, Constellation Brands, Indian stock exchange, Exercise, Security (finance), Canopy

VICTOR, N.Y., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today the expiration of all its warrants (“Warrants”) to purchase common shares (“Common Shares”) of Canopy Growth Corporation (“Canopy”).

Key Points: 
  • VICTOR, N.Y., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today the expiration of all its warrants (“Warrants”) to purchase common shares (“Common Shares”) of Canopy Growth Corporation (“Canopy”).
  • All 88,472,861 Tranche A warrants held by Constellation’s wholly-owned subsidiary, CBG Holdings LLC (“CBG”), expired as of November 1, 2023.
  • Since the vesting of the remaining aggregate of 51,272,592 Tranche B and Tranche C warrants was conditioned on the exercise, in full, of the Tranche A warrants, the remaining Warrants are not, and will not become, exercisable by CBG.
  • As a result, Constellation is no longer deemed to beneficially own any of the 139,745,453 Common Shares underlying the Warrants.

Constellation Brands to Outline Strategic Foundation for Continued Growth at 2023 Investor Day

Retrieved on: 
Thursday, November 2, 2023
Constellation, Beer, Wine, NYSE, Wine & Spirits, ESG, EDT, Public expenditure, GAAP, Constellation Brands, Corona (beer), News, Environment, Growth, Pacifico, Elliott Investment Management, EPS, Financial history of the Dutch Republic, Webcast, Natural Resources, Grupo Modelo, Management, Bank

VICTOR, N.Y., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, will today reinforce its strategic foundation for continued growth at its Investor Day hosted at 2:00 p.m. EDT at the New York Stock Exchange in New York City.

Key Points: 
  • VICTOR, N.Y., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, will today reinforce its strategic foundation for continued growth at its Investor Day hosted at 2:00 p.m. EDT at the New York Stock Exchange in New York City.
  • The event will provide investors, analysts, and other stakeholders with a comprehensive overview of the company's continued value creation opportunities supported by its strategic priorities.
  • The company also expects its Beer Business to deliver operating margins of ~39-40% and achieve increased cash generated over the medium term.
  • The company remains committed to maintaining a disciplined financial foundation while balancing investments and additional returns.

Constellation Brands Issues 2023 ESG Impact Report and Announces Enhanced Water Withdrawal Restoration Target Benefitting Local Communities

Retrieved on: 
Tuesday, October 24, 2023
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VICTOR, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced the release of its 2023 ESG Impact Report and expanded target to restore a total of 5 billion gallons of its water withdrawals back to local watersheds near the company’s production facilities between its fiscal year 2023 and fiscal year 2025.

Key Points: 
  • Having surpassed its prior target ahead of plan, Constellation further advances water stewardship efforts; shares progress against core commitments for environmental stewardship and social impact.
  • VICTOR, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced the release of its 2023 ESG Impact Report and expanded target to restore a total of 5 billion gallons of its water withdrawals back to local watersheds near the company’s production facilities between its fiscal year 2023 and fiscal year 2025.
  • Exceeded previous water stewardship target ahead of schedule, continues progress against all environmental targets.
  • “Water is one of our planet’s most precious natural resources, and a critical resource for our business.