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Top related persons:
Casa Noble - 2 Bernstein - 2 Donald Trump - 2 Bill Newlands - 1 Newlands - 1 Campo - 1 Nadine Sarwat - 1 Morgan Stanley - 1
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Constellation Brands - 3 Modelo - 3 Constellation Brands Inc - 2 Constellation - 2 Marque - 1 Comfort - 1 Morgan - 1 Morgan Stanley Global Consumer - 1

Search resuls for: "Casa Noble"


4 mentions found


☆ Constellation Brands to sell Svedka vodka to Sazerac as wine and spirits segment struggles
  + stars: | 2024-12-03 | by ( Brandon Gomez | In Brandon-Gomez | ) www.cnbc.com   time to read: +3 min
Constellation Brands announced Tuesday it will sell its Svedka vodka brand to New Orleans-based spirits company Sazerac. Constellation's wine and spirits business has been dragging on the company's strong beer portfolio, which includes Modelo and Corona. In the second quarter, the company's wine and spirits shipments dropped 9.8% year over year, the company reported. Constellation's spirits portfolio will continue to own including High West Whiskey, Mi Campo Tequila and Casa Noble Tequila. Bernstein called the news "a clear positive for Constellation," saying the company's wine and spirits weakness has dragged on the beer business.
Persons: Bill Newlands, Newlands, Campo, Casa Noble, Bernstein, Nadine Sarwat, Morgan Stanley Organizations: Constellation Brands Inc, Constellation Brands, Constellation, Modelo, Marque, Comfort, Morgan, Morgan Stanley Global Consumer, Retail Conference Locations: New York, New Orleans, Corona, Buffalo
☆ Modelo brewer Constellation Brands' sale of Svedka vodka is a positive move for the stock
  + stars: | 2024-12-03 | by ( Paulina Likos | ) www.cnbc.com   time to read: +5 min
Constellation Brands ' decision to sell its Svedka vodka brand is a step in the right direction as the Modelo and Corona brewer focuses on its high-end businesses. The news Constellation said Tuesday it will sell Svedka to New Orleans-based Sazerac, which owns hundreds of brands from distilleries around the world. For all of fiscal 2025, Constellation expects wine and spirits to deliver a full-year net sales decline between 4% to 6%. STZ .SPX YTD mountain Constellation Brands YTD Big picture The Svedka transaction is part of management's "premiumization" strategy to reshape its wine and spirits portfolio. Constellation Brands Inc. Svedka vodka at a liquor store in the Upper East Side neighborhood of New York, US, on Friday, June 28, 2024.
Persons: Kim Crawford, Casa Noble, Mi Campo, Bernstein, Paul Masson, Clos, Gallo, Jim Cramer, Jim, Donald Trump, Morgan, Garth Hankinson, Jim Cramer's, Bing Guan Organizations: Constellation Brands, Modelo, Corona, Constellation, Clos du Bois, CNBC, Constellation Brands Inc, Bloomberg, Getty, & $ Locations: New Orleans, Corona, Pacifico, Mexico, U.S, New York
☆ Trump’s tariffs could push up the price of your favorite beer (and tequila)
  + stars: | 2024-11-30 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +7 min
Some business owners have started stockpiling popular products — specifically tequila, which can be made only in Mexico — and taking other actions to help stave off potential price hikes. At this stage, the tariffs are technically still just talk, with plenty of caveats and scenarios strewn about. Meximodo, a restaurant in Metuchen, New Jersey, holds a Guinness World Records title for its collection of tequila, mezcal and agave spirits. In 2023, the US imported $5.69 billion of beer and $4.81 billion of alcohol from Mexico, according to International Trade Administration data. The Grupo Modelo factory in Mexico City, Mexico, on May 15, 2020.
Persons: CNN —, they’re, Donald Trump, ”, Dave Williams, Bump, Noble, Chris Carey, Williams, “, Meximodo, TJ Pingitore, Le Malt’s, Alexander Lewis, ” Pingitore, ” Saurabh Abrol, Abrol, Hector Vivas, it’s, Chris Swonger, ” Swonger, Swonger, Katie Marisic, Justin Sullivan, Marisic Organizations: CNN, CNN — Beer, Modelo, Bump Williams Consulting, Constellation Brands, Le Malt Hospitality, North, USA, International Trade Administration, Trade Administration, Grupo Modelo, European Union, Brewers Association, Trump, “ Breweries Locations: Canada, Mexico, Corona, Wells Fargo, Mexican, Metuchen , New Jersey, Meximodo, North America, New York, China, United States, Mexico City, American, San Carlos , California
☆ Are we on the brink of a corporate credit crisis?
  + stars: | 2023-02-13 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +9 min
Economists at S&P Global Ratings forecast that speculative-grade (perceived to have a lower level of credit quality compared to more highly rated, investment-grade, companies) corporate default rates in the US and Europe will double this year alone. So are we on the brink of a corporate credit crisis? Before the Bell spoke with Ruth Yang, managing director and global head of thought leadership at S&P Global Ratings to discuss what lies ahead for the corporate credit market. Before the Bell: What’s your big picture view of the credit economy right now? There will be slower growth with thinner margins and that’s going to change how people look at their investment opportunities.
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