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A Modelo business in the Mexican state of Oaxaca. Grupo Modelo began in 1925, and its founders were a group of twenty-five Spanish immigrants among whom stood out: Braulio Iriarte, owner of bakeries and Molino Euzkaro, in Mexico City, and Martín Oyamburu, industrialist, banker and landowner, founder of Hulera Euzkadi, Banco Crédito Español de México, S.A., and oil fields in the Veracruz ...
This transaction was valued at US$20.1 billion. To satisfy US anti-trust demands, on 7 June 2013 AB InBev sold its Grupo Modelo’s US business, including Grupo Modelo’s brand naming rights and one of the breweries in Piedras Negras in Mexico, for approx. US$4.75 billion to Constellation Brands, a competitor of AB Inbev in some beverage sectors.
Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits.A Fortune 500 company, [3] Constellation is the largest beer import company in the US, measured by sales, [4] and has the third-largest market share (7.4 percent) of all major beer suppliers. [5]
Constellation Brands—which owns Modelo—Boston Beer Company, and Heineken all posted underwhelming profits last quarter, with demand for beer dipping due to inflation-induced price increases.
Bud Light subsequently lost its crown as America's favorite beer to Modelo in May. For the full year, volume dropped 1.7%, more than the expected dip of 1.34%. That's compared with a 2.3% jump in ...
It's a fighter. Modelo Especial has officially become the bestselling beer in the U.S., surpassing Bud Light among brews purchased at supermarkets and convenience stores.. The fact that the ...
Corona is a Mexican brand of beer produced by Grupo Modelo in Mexico and exported to markets around the world. Constellation Brands is the exclusive licensee and sole importer of Corona in the fifty states of the United States, Washington, D.C., and Guam.
Warren Buffett's Berkshire Hathaway has taken a significant $1.24 billion stake in Constellation Brands, the company behind popular beer labels Corona, Modelo, and Pacifico.