Constellation Brands, Inc. Overview
Company Headquarters: USA
Founded: 1945
Company Working:
Constellation Brands, Inc. is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Canopy. It sells a number of brands in the import and craft beer categories, including Corona Extra, Corona Light, Modelo Especial, Corona Premier and others. It offers a portfolio of wine and spirits brands, which include 7 Moons, Cook’s California Champagne, Cooper & Thief, Robert Mondavi Winery, Meiomi, High West, Casa Noble, The Prisoner Wine Company, Copper & Kings, Casa Noble. The Canopy Equity Method Investment makes up the Canopy segment. It operates over four distilleries in the United States for the production of its spirits; two facilities for High West whiskey, one facility for Copper & Kings American brandies, and one facility for Nelsons Green Brier bourbon and whiskey products.
Strategy
Strategic acquisitions allow the company to optimize product portfolio and focus on core or profitable business. In April 2022, the company acquired US based Lingua Franca, a Winery brand. Through this, the company strives to enhance its omnichannel business which includes the categories of direct to consumer and three tier ecommerce. The company’s wine portfolio could benefit with a diverse collection. In April 2022, the company acquired the Austin Cocktails, a female-founded ready-to-drink cocktail company. After the acquisition, Austin Cocktails brand will get integrated with Constellation’s Fine Wine & Craft Spirits Division along with brands such as High West and The Prisoner Wine Company
