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☆ Our Mexican beer powerhouse is down on a rival's troubles — so we're buying the dip
▼ + stars: | 2024-07-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We're buying 50 shares of Constellation Brands at roughly $246 each. Following Monday's trade, Jim Cramer's Charitable Trust will own 375 shares of STZ, increasing its weighting in the portfolio to 2.8% from 2.46%. Shares of Mexican beer maker Constellation Brands were down 3% on Monday after Heineken reported weaker-than-expected earnings. We're also upgrading Constellation stock back to our buy-equivalent 1 rating . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Heineken, Bill Newlands, Newlands, Heineken doesn't, Jim Cramer, Jim Organizations: Constellation Brands, STZ, Heineken, Constellation, Asia Pacific, CNBC Locations: China, Modela, Europe, Americas, Asia Pacific, Africa, Middle, United States

☆ Non-alcoholic beer is 'enduring trend' as people opt for moderation, says Heineken's Maggie Timoney
▼ + stars: | 2024-07-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNon-alcoholic beer is 'enduring trend' as people opt for moderation, says Heineken's Maggie TimoneyMaggie Timoney, CEO of Heineken USA, joins CNBC's 'The Exchange' to discuss the rise in non-alcoholic beers, trends in beer consumption, and more.

Persons: Maggie Timoney Maggie Timoney Organizations: Heineken USA

☆ How electric trucks are becoming the norm for moving cargo
▼ + stars: | 2024-04-18 | by ( Jonathan Keane | ) www.cnbc.com time to read: +6 min

Drayage trucks, which bring cargo from ports to warehouses nearby, must make the move to electric by 2035 in the U.S. state. Transitioning fleets to electricAcross the Atlantic, Dutch brewer Heineken recently partnered with Swedish electric truck start-up Einride to make the transition to electric. Getting more electric trucks to carry cargo on the road, especially for long-distance journeys, will need to be spearheaded by cargo owners that want their goods moved sustainably. Many of the new trucks will be deployed in markets where DFDS has not yet moved to electric trucks, including in the U.K. In California, Lime's use of electric trucks has been driven by legislation that states all drayage trucks must be zero-emissions by 2035.

Persons: Andrew Savage, we've, Savage, Arjen van der Woude, that's, van der Woude, Sweden's, Robert Falck, " Falck, Lime's Savage Organizations: PT Vale, Hight Logistics, CNBC, Heineken, DFDS, Volvo Locations: PT Vale Indonesia, China, California, U.S ., North America, Los Angeles, Long, Canada, Dutch, Swedish, Netherlands, Germany, Europe, Rotterdam

☆ Mexican liquors and beers are on the rise in the U.S. — here’s what’s driving the torrid growth
▼ + stars: | 2023-10-08 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

"Tequila has been such a national treasure here in Mexico," said Guilherme Espagnoli Martins, global brand director of Diageo-owned Don Julio Tequila. The Mexican beer boomIt's not just tequila and mezcal — Mexican beer is booming, too. Mexican beer imports into the U.S. are up 10.6% in 2023, according to alcohol research firm Bump Williams Consulting. watch nowA spokesperson for Constellation told CNBC that Mexican beer sales grew as Hispanic culture gained a stronger foothold around the world. Constellation on Thursday reported quarterly results that topped Wall Street estimates, driven by the surge in demand for its Mexican beer brands.

Persons: Mario Tama, Lea, Tequila, Guilherme Espagnoli Martins, Don Julio Tequila, Don Julio, George Clooney, Martins, Don, Don Julio Tequila Blanco, Bump, Bud Light, Cowen, Vivien Azer, InBev's Bud, Constellation's, Azer, Jonnie Cahill, Tecate, Cahill, Heineken's, It's, Dos Equis, Eduardo, Lalo, González, LALO Blanco Tequila, Don Julio González Organizations: Modelo Especial, Getty, U.S, Experts, Diageo, CNBC, Bump Williams Consulting, Mexico's Modelo Especial, Constellation, Modelo, Constellation Brands, Anheuser, Busch InBev, InBev's, Heineken USA, Cinco de Mayo, Dos, Corona Locations: Los Angeles , California, U.S, Mexico, The U.S, United States, British, Mexican, Modelo, Dos

☆ For Western firms, the risk of leaving Russia could be higher than staying
▼ + stars: | 2023-09-11 | by ( Greg Kennedy | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesA wave of Western companies exited Russia promptly after Moscow's invasion of Ukraine. For firms wishing to quit, amid heavy reputational and financial damage, the prospect of leaving is becoming harder with time. Nabi Abdullaev, a partner at Control Risks and former editor of the Moscow Times, told CNBC: "Some companies decide to stay because the risk of leaving Russia, at this moment at least, is higher than the risk of staying." Western companies that remain in the country are able to continue doing business because, despite sanctions, numerous transactions and activities are still authorized. In comparison, sanctions on Iran and North Korea are a far more severe environment for Western companies to operate within.

Persons: Nabi Abdullaev, Abdullaev, Vladimir Putin, Maria Shagina, Philip Morris, Heineken, Shagina Organizations: Bloomberg, Getty, Moscow Times, CNBC, Companies, Carlsberg, Danone, International Institute for Strategic Studies, Unilever, Nestle, PepsiCo, Research, Heineken, Russian Arnest, Kyiv School of Economics Locations: Moskva, Moscow, Russia, Ukraine, Russian, UniCredit, Raiffeisen, Ukrainian, Iran, North Korea

☆ Heineken CEO on Bud Light campaign fallout: 'You need to stand for your values'
▼ + stars: | 2023-07-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Heineken's chief executive says the company has learnt lessons from the social media controversy around a campaign for rival beer Bud Light — but still believes businesses should stand up for their "values." And that's affecting all players, all actors in society, also businesses and also brands," Dolf van den Brink told CNBC's "Squawk Box Europe." And at the same time, you need to stand for your values and your principles. Bud Light lost its spot as the top-selling beer in the U.S. in May, after conservatives boycotted the brand following a brief product placement deal with transgender social media influencer Dylan Mulvaney. Bud Light sales fell 24.6% in the period year-on-year, according to NielsenIQ data from consulting firm Bump Williams.

Persons: Bud Light, van den Brink, CNBC's, influencer Dylan Mulvaney, Bump Williams Locations: U.S

☆ Royal Unibrew to buy Heineken's Vrumona
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: 1 min

COPENHAGEN, July 3 (Reuters) - Danish brewer and beverage group Royal Unibrew (RBREW.CO) has agreed to buy soft drinks maker Vrumona from Heineken (HEIN.AS) for 300 million euros ($327 million), it said on Monday. Royal Unibrew said in a statement it expected to close the deal in September or October and it would finance it through committed extended financing facilities with existing banks. "Vrumona will become a new growth platform for Royal Unibrew in continental Europe and is expected to drive organic earnings growth in the coming years," CEO Lars Jensen said. Royal Unibrew expects the acquisition of Vrumona, which is located near Utrecht in the Netherlands, be earnings-per-share accretive in 2024, it said. ($1 = 0.9183 euros)Reporting by Louise Breusch Rasmussen, editing by Anna RingstromOur Standards: The Thomson Reuters Trust Principles.

Persons: Royal Unibrew, Lars Jensen, Louise Breusch Rasmussen, Anna Ringstrom Organizations: Heineken, Unibrew, Thomson Locations: COPENHAGEN, Danish, Europe, Utrecht, Netherlands

☆ Bill Gates, who's 'not a big beer drinker,' just bought a $902 million stake in Heineken
▼ + stars: | 2023-02-22 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +2 min

Bill Gates bought a $902 million stake in Dutch brewery Heineken's parent company. The billionaire bought a $392 million stake in one of Mexico's largest brewers, Femsa, in 2007. He bought 6.65 million shares of the beer company directly, per the filing, and another 4.18 million shares through the Bill and Melinda Gates Foundation Trust. The Bill & Melinda Gates Foundation did not immediately respond to Insider's request for comment. Long before his Reddit post and the health study, Gates bought a $392 million stake in one of Mexico's largest brewers, Femsa, in 2007.

Quarterly revenue rose 20.5% year-on-year to 171.66 billion pesos ($8.66 billion), driven by increased sales across markets and beating the Refinitiv consensus of 163.17 billion pesos. Operating costs rose in almost all of Femsa's divisions, including a 69.4% jump in its logistics and distribution business on increased transportation and labor costs. Earnings from companies in which Femsa has controlling stakes, including Dutch beer maker Heineken (HEIN.AS), also took a hit in the quarter, Femsa said. Femsa's core earnings, or EBITDA, for the quarter rose 14.4% to 23.20 billion pesos. Revenue at Grupo Nos, Femsa's convenience store joint venture with Brazilian energy firm Raizen (RAIZ4.SA), surged 156% from the year-ago quarter.

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