Beverages Brewers

  • BRUSSELS/ HONG KONG, Jan 12- Anheuser-Busch InBev, the world's largest brewer, is considering raising billions of dollars in a partial flotation of its Asian operations, two Asian banking sources said, in a deal that would help to ease its debt burden. The Belgium- based maker of Budweiser, Corona and Stella Artois has been discussing a possible...

  • Constellation stock drop a 'total overreaction,' says CEO

    Jim Cramer hears from Constellation Brands' outgoing and incoming CEOs after the alcohol distributor disappointed Wall Street with its 2019 forecast.

  • Robert Sands, CEO, Constellation Brands

    Jim Cramer hears from Constellation Brands' outgoing and incoming CEOs after the alcohol distributor disappointed Wall Street with its 2019 forecast.

  • Constellation Brands CEO casts stock drop as 'total overreaction,' says he bought shares in the last week

    Jim Cramer hears from Constellation Brands' outgoing and incoming CEOs after the alcohol distributor disappointed Wall Street with its 2019 forecast.

  • *Brewers already face regulatory challenges in India. NEW DELHI, Dec 13- Denmark's Carlsberg and India's United Breweries have filed pleas with Indian authorities, seeking leniency in a probe into alleged collusion to fix beer prices, five sources familiar with the matter told Reuters. A Carlsberg spokesman in India said it was "cooperating fully with the CCI"...

  • A worker stacks cases of Constellation Brands' Corona beer for delivery at the Euclid Beverage LLC warehouse in Peru, Illinois, June 27, 2017.

    Constellation Brands's  healthy revenue growth in the U.S. beer market, paired with strong profitability and a new investment in cannabis makes the stock one of Cowen's top stock picks heading into 2019.

  • Nov 26- Relatives of the late conservative activist Phyllis Schlafly on Monday lost their appeal to block a St. Louis, Missouri, craft brewery from trademarking the Schlafly name. In a 3-0 decision, the U.S. Federal Circuit Court of Appeals ruled in favor of Saint Louis Brewery LLC, which was co-founded by Schlafly's nephew Thomas Schlafly, and had applied in 2011 to...

  • Nov 26- Relatives of the late conservative activist Phyllis Schlafly on Monday lost their appeal to block a St. Louis, Missouri, craft brewery from trademarking the Schlafly name. In a 3-0 decision, the U.S. Federal Circuit Court of Appeals ruled in favor of Saint Louis Brewery LLC, which was co-founded by Schlafly's nephew Thomas Schlafly, and had applied in 2011 to...

  • Oct 17- Corona beer maker Constellation Brands said on Wednesday its Chief Executive Officer Rob Sands will step down in March and be replaced by the company's President Bill Newlands. Rob Sands led Constellation through some of its most transformative years, which saw the acquisition of the U.S. distribution rights for Mexican-made Corona beer in 2013 and...

  • Oct 17- Corona beer maker Constellation Brands' Chief Executive Officer Rob Sands will step down in March and be replaced by the company's President Bill Newlands, the Wall Street Journal reported on Wednesday. Sands led Constellation through some of its most transformative years, which saw the acquisition of the U.S. distribution rights for Mexican-made...

  • *Competition Commission of India was acting on tip-off- source. MUMBAI, Oct 11- India's antitrust watchdog raided the offices of three top beer companies on Thursday as part of an investigation of price-fixing allegations, three sources with direct knowledge of the matter told Reuters. Search and seizure operations were conducted at dawn by the Competition...

  • The Corona beer maker now sees profit between $9.60 and $9.75 per share on an adjusted basis for the year ending February 2019, compared to its previous outlook of $9.40 to $9.70 per share. Net income attributable to the company rose to $1.15 billion, or $5.87 per share, in the three months ended Aug. 31, from $501.6 million, or $2.49 per share, a year earlier.

  • SAO PAULO, Aug 20- Brazilian beer maker Ambev plans to add 1,600 Volkswagen electric trucks to its fleet, making it the largest fleet of its kind in Brazil, and which would be exempt from new fixed minimum freight fares for diesel truckers. Ambev said ownership of the vehicles, which will replace older trucks, will be with 20 logistics companies that distribute...

  • SAO PAULO, Aug 20- Brazilian beer maker Ambev plans to buy 1,600 Volkswagen electric trucks, they said on Monday, making it the largest fleet of its kind in Brazil, and which would be exempt from new fixed minimum freight fares for diesel truckers. Roberto Cortes, Chief Executive of Volkswagen's bus and trucks operation in Brazil, told Reuters that negotiations...

  • Aug 15- Corona beer maker Constellation Brands will infuse another $4 billion into Canada's top cannabis producer Canopy Growth, the biggest investment in the industry, to capitalize on booming demand for marijuana. Toronto- listed Canopy shares rose as much as 35 percent and were up 28 percent at C $41.17 at 10:18 am ET, the highest level since June, and lifted...

  • Aug 15- Corona beer maker Constellation Brands will invest a further $4 billion in Canada's top cannabis producer Canopy Growth, doubling down on one of a growing number of bets by the alcohol industry in legal pot. Canada, where 4.4 million people reported using the drug in the first half of the year, will fully legalize the recreational use of cannabis in October.

  • SAO PAULO, Aug 10- Heineken NV, the world's second-largest beer maker, is considering closing two factories in northeastern Brazil as "an extreme measure" after a court ordered the company to sell beer and soft drinks in the region at a money-losing price, the company said on Friday in a statement. Since Heineken's $1.2 billion purchase last year of the...

  • SAO PAULO, Aug 10- Heineken NV, the world's second-largest beer maker, is considering closing two factories in northeastern Brazil as "an extreme measure" after a court ordered the company to sell beer and soft drinks in the region at a money-losing price, the company said on Friday in a statement. Since Heineken's $1.2 billion purchase last year of the...

  • Aug 1- Molson Coors Brewing Co's Canadian arm will make cannabis-infused drinks along with marijuana producer Hydropothecary Corp, betting on a promising market as beer sales stagnate in North America. The brewer is the latest to capitalize on Canada's decision to legalize recreational marijuana later in the year, a market industry watchers say could be...

  • LONDON, July 30- European shares retreated from a six-week high on Monday as industrials and tech stocks slipped and disappointing earnings, including from brewer Heineken, dented investors' confidence. Germany's DAX edged down 0.5 percent. A negative open on Wall Street also comforted traders to stick to a risk-off mode until the close.