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Warren Buffett's Berkshire Hathaway has taken a $1.24 billion stake in Constellation Brands, betting on the long-term strength of its premium Mexican beer portfolio despite near-term tariff risks ...
General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%.
Grupo Modelo is a large brewery in Mexico that exports beer to most countries of the world. Its export brands include Corona , Modelo , and Pacífico . [ 1 ] Grupo Modelo also brews brands that are intended solely for the domestic Mexican market and has exclusive rights in Mexico for the import and distribution of beer produced by Anheuser ...
Modelo became the number one beer brand in the US in 2023, and remains in the top spot, for now. It's more complex when it comes to spirits. The sector has been largely free of tariffs since the ...
Constellation Brands fell 3.5%. The company is particularly sensitive to trade issues. It owns the exclusive rights to import Corona and Modelo brand beer to the U.S. from Mexico. The brands are actually owned by Budweiser maker AB InBev, which holds rights to the beer brands outside the U.S. AB InBev shares fell 1%.
This makes it the sixth-largest shareholder of the beer and liquor giant. Following news of the filing, shares of the company jumped more than 5% on Tuesday. ... Modelo, now America's best-selling ...
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.
NEW YORK (AP) — Wall Street is flirting with a record again as U.S. stock indexes drift in mixed trading. The S&P 500 rose 0.1% at the open of Tuesday’s trading and is sitting just above its all-time closing high set last month.