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Constellation Brands, which imports Modelo and Corona beer as well as Casa Noble tequila from Mexico, could see its costs leap 16% under Trump's proposed tariff and would likely have to raise ...
Grupo Modelo, which produces and exports several popular beer brands including Corona, Pacifica and Modelo, will be temporarily suspending production after its breweries were deemed non-essential ...
Grupo Modelo, of brewing group Anheuser-Busch InBev, said in a statement posted to Twitter it will halt beer making from April 5 and is currently in the process of reducing production in its plants.
This includes some of the best-selling imported beer brands, such as Corona, Modelo and Pacifico. “The magnitude of our long-term investments in Mexico largely remain the same.
Heineken NV and Grupo Modelo SAB, the dominant brewers in Mexico with brands such as Dos Equis and Corona, are nearing the end of an almost three-year-old government antitrust probe.
Constellation, which imports the Corona and Modelo brands from Mexico, posted a more than 7% jump in beer sales and nearly 12% increase in operating profits from its beer unit compared to a year ...
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