Latest news with #beverage
Globe and Mail
a day ago
- Business
- Globe and Mail
Constellation Brands Closes Wine Transaction With The Wine Group to Focus on a Portfolio of Exclusively Higher-Growth, Higher-Margin Brands
ROCHESTER, N.Y., June 02, 2025 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, announced today that it has closed its previously announced transaction with The Wine Group to divest 1 primarily mainstream wine brands and associated inventory, facilities, and vineyards from its wine portfolio. Brands divested to The Wine Group include Woodbridge, Meiomi, Robert Mondavi Private Selection, Cook's, SIMI, and J. Rogét sparkling wine. Constellation's retained wine portfolio consists of a collection of highly regarded wines from top regions around the world, predominantly priced $15 and above. This includes iconic Napa Valley brands Robert Mondavi Winery, Schrader, Double Diamond, To Kalon Vineyard Company, Mount Veeder Winery, and The Prisoner Wine Company; the My Favorite Neighbor family of wine brands from Paso Robles; Kim Crawford from New Zealand—producer of the #1 Sauvignon Blanc in the U.S. 2; acclaimed Tuscan producer Ruffino Estates and Ruffino Prosecco; sought-after gems like Sea Smoke from Santa Barbara's Santa Rita Hills AVA, Lingua Franca from Oregon's Willamette Valley, and more. This outstanding collection is complemented by Constellation's award-winning craft spirits portfolio including High West whiskey, Nelson's Green Brier whiskey, Mi CAMPO tequila, and Casa Noble tequila. 'We are pleased to have completed this transaction and look forward to executing against our repositioned portfolio, focused exclusively on the higher-end that more closely aligns to consumer-led premiumization trends which we believe will enable us to help deliver improved performance within this segment of our business over time,' said Bill Newlands, President and CEO, Constellation Brands. 'We appreciate the dedication of our internal teams, and the support and collaboration from The Wine Group and our business partners to help us close this transaction and seek to ensure as smooth a transition as possible.' Following the completion of the transaction, Constellation's fiscal year 2026 outlook and its outlook for fiscal year 2027 and fiscal year 2028 provided on April 9, 2025 remain unchanged. 1 We sold and, in certain instances, exclusively licensed the trademarks of a portion of our wine and spirits business, primarily centered around our mainstream wine brands and associated inventory, wineries, vineyards, offices, and facilities 2 #1 in dollar sales, Circana, total U.S. Multi-Outlet + Convenience, 52 weeks ended May 18, 2025 ABOUT CONSTELLATION BRANDS Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for brands from our high-end, imported beer portfolio anchored by the iconic Corona Extra and Modelo Especial, a flavorful lineup of Modelo Cheladas, and favorites like Pacifico and Victoria; our exceptional wine brands including The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, and Lingua Franca; and our craft spirits brands such as Casa Noble Tequila and High West Whiskey. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business, and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word 'expect' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans, and objectives of management, including related to executing against Constellation's repositioned wine portfolio, Constellation's efforts to align with consumer-led premiumization trends and to deliver improved performance within its wine and spirits segment over time, the transition of the divested brands and related inventory, facilities, and vineyards, and Constellation's outlook for fiscal years 2026, 2027, and 2028, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. The forward-looking statements are based on management's current expectations and should not be construed in any manner as a guarantee that any of the events anticipated by the forward-looking statements will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including any purchase price or other post‐closing adjustments, the accuracy of all projections, and other factors and uncertainties disclosed from time-to-time in Constellation Brands' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2025, which could cause actual future performance to differ from current expectations.
Yahoo
3 days ago
- Business
- Yahoo
Why McDonald's CosMc's closure might not be the brand fail you think it is
When you buy through links on our articles, Future and its syndication partners may earn a commission. It's splashdown for McDonald's CosMc's brand. The surprising space-themed offshoot has been scrubbed, and its remaining five stores and app will shut this month only a year and half after it launched into orbit in Ohio and then Texas. Described as a "bold new beverage concept from the McDonald's universe", CosMc's took off with as much fanfare as a SpaceX rocket launch, attracting long lines at the initial flagship store in Chicago when it opened. It had been widely billed as a potential Starbucks rival with strange retro-futurist sci-fi branding, so its closure is now being seen as a brand fail for the fastfood giant. But is it mission aborted or mission complete? CosMc's was a strange proposition. The name was lifted from a long-forgotten piece of McDonald's lore: CosMc was an alien who appeared as a fleeting side character in McD's ads back in the late 80s and 90s. The company resuscitated the name to pilot a chain of small-format stores that offered unusual, customisable drinks, from turmeric spiced lattes to churro frappes and a prickly pear-flavored slushy with popping candy alongside token McDonald's snacks like the McFlurry and McMuffin. The aim was to lure afternoon snackers from the likes of Starbucks, Dutch Bros and Dunkin' Donuts. Image 1 of 2 Image 2 of 2 But the end of CosMc's may not be the failure it's being painted as. It's probable that it was never intended to rollout as a permanent brand. As one designer pointed out to us at the time, even the CosMc's logo felt odd and unfinished. A blend of Cadbury's and storage facility colours, like it was a temporary pop-up. Like other brand offshoots such as KFC's Saucy, CosMc's was a laboratory that allowed McDonald's to experiment with things that would have been risky to try under its core identity, including creative flavours and new tech, such as drive-thru lanes that manage traffic according to order complexity and evolving menus that could be quickly edited based on customer feedback (perhaps McDonalds should have used CosMc's to test its AI drive-thru before rolling it out at its own restaurants). CEO Chris Kempczinski described the project as a 'learning lab' through which McDonald's had "discovered some interesting learnings" including about consumers' customisation preferences and interest in new, emerging beverage categories. It might seem like an expensive experiment, but McDonald's has the resources to run this kind of innovation incubator, and the lessons learned can create new value in its main brand. The fastfood giant now has a dedicated category team focused on beverages and says it will test CosMc's most popular drinks in select McDonald's locations later in the year. So some of those wild combinations could end up entering orbit on the main McDonald's menu, continuing the company's battle for the specialty drink market withing the galaxy of the main brand. For more branding news, check out the clever hidden detail in Coca-Cola's new Vitaminwater logo and branding design.
News.com.au
5 days ago
- Business
- News.com.au
Macca's releases cult item after Aussies duped by viral prank
McDonald's has confirmed it is trialling a new matcha range as demand for the green tea drink continues to soar in Australia - and this time, it's not a prank. The vibrant beverage, which originates from Kyoto, Japan, has gained the ultimate 'it girl' status symbol over the last few years. While the drink has been around for over 800 years, it became mainstream in 2015, and has continued to explode in popularity. Demand for the drink has become so high producers of the trendy tea have struggled to keep up, sparking a recent global shortage. However, it appears matcha stock has been replenished, as Macca's has recently decided to get in on the action, releasing three different drinks featuring the green stuff. For a limited time, Macca's has added its 'Matcha Range' to select restaurants across New South Wales and Victoria, offering a Matcha Latte, an Iced Matcha Latte and Iced Strawberry Matcha Latte to customers. Despite the fact the beverages, priced between $5.25 and $6.60, are only available to buy at a handful of Macca's stores, Aussies have already gone wild at the news. 'McDonald's Australia has released matcha lattes,' food blogger @ninafromsydney captioned a video she shared on TikTok. She then proceeds to show the menu at McDonald's Wynyard restaurant, which reads 'hurry' and explains the drinks are only available for a short time. 'On the sweeter side, but really good,' she concludes in the short clip. Reaction to her discovery came in thick and fast, with many desperate to know if it was 'true'. 'Can anyone confirm? I went to my local Macca's and wasn't on the menu there,' one asked. 'It's not on the McDonald's menu on the app,' another added. Others said several stores had it, prompting many to ask Macca's to bring it to their local restaurant. 'Why is it always Sydney and Melbourne that get all the good stuff,' one mused. 'Bring it to Perth,' pleaded another. As one said: 'Macca's, we all want matcha.' It comes after a video went viral on TikTok last year, showing three women 'taste testing' a new Strawberry Matcha from Macca's that later emerged to be false. Not everyone realised the video was a prank, with multiple people uploading videos about their disappointment after visiting a McDonald's drive-through and failing to find it. 'I literally believed our Maccas got the viral iced strawberry matcha. Pls don't repeat my dumb mistake lol lol. I felt so dumb,' one woman shared after.
Globe and Mail
5 days ago
- Business
- Globe and Mail
COFCO Coca-Cola Celebrates 25 Years as Witness and Driver of China's Beverage Industry Upgrade
BEIJING - COFCO Coca-Cola Beverages Ltd. (COFCO Coca-Cola) marked its 25th anniversary at a ceremony themed "25 Years of Youthful Vitality and Innovation" in Beijing. As a flagship Sino-foreign joint venture in China's beverage sector, the company's journey mirrors the industry's transformation towards high-quality development. 25 Years in Sync with China's Beverage Evolution Founded in 2000 during China's transition from a planned to a market economy, COFCO Coca-Cola overcame early market challenges by leveraging Coca-Cola's global expertise and COFCO Group's local operational strength. Within a decade, it secured its position among Coca-Cola's Global Top 10 Bottling Partners – a status it maintains today. Video: Growth has been both quantitative and qualitative: · Production Scale: Expanded from 2 factories to 20, and 5 production lines to 103. · Financial Growth: Annual revenue surged from RMB 384 million (approx. $54 million USD in 2000) to RMB 214.92 billion (approx. $30.3 billion USD). · Market Reach: Coverage grew from 5% to 81% of China's expansion, achieved through strategic mergers, new plant construction, and deep market penetration, created a nationwide production and distribution network. Leading Innovation Amidst Consumer Upgrade Responding to rising health consciousness and industry restructuring, COFCO Coca-Cola accelerated its portfolio shift. While traditional CSD market share declined, it pioneered low/no-sugar options, functional drinks, and natural water. Key milestones include: · 2012: Annual sales exceeded 600 million unit cases, accompanied by multiple low/no-sugar launches. · 2024: No-sugar product sales surged 38% innovation leadership exemplifies the industry's shift from price competition to value creation. Digital Transformation for High-Quality Growth 2024 saw breakthroughs in COFCO Coca-Cola's smart supply chain: · "Coke GO" Intelligent Ordering System: Reached 2.1 million retail terminals. · "Yue Xiang Hui" Membership Program: Surpassed 56 million members. · Direct-to-Consumer (D2C) Sales: Jumped to 57% of total end-to-end digitalization fueled a RMB 1.866 billion ($263 million USD) profit increase in 2024 and charts a future path of "Smart Manufacturing + Intelligent Distribution" for the sector. Simultaneously, the company advances green transformation aligned with China's "Dual Carbon" goals. Its upcoming Shaanxi factory will set a new industry benchmark as a green, smart, and advanced facility. Looking Ahead: Continuing the Legacy Reflecting on 25 years of weathering storms and achieving growth, Mr. Li Guoqiang, Chairman of COFCO Group, commended COFCO Coca-Cola's role: "As a pioneering post-reform JV, you've been both practitioners of the market economy and catalysts for industrial upgrading." Chairman Li emphasized the path forward: · Innovation-Driven: Precisely meet diverse and personalized consumer demands with premium products. · Strategic Alignment: Deeply integrate development with COFCO Group's strategy, contributing to its high-quality growth. · New Development Paradigm: Build a "dual circulation" model, setting benchmarks for cultivating new productive forces in FMCG and exploring a distinctly Chinese modernization path. Guided by COFCO Group's core tenets of "Mutual Trust, Win-Win, Innovation," COFCO Coca-Cola stands at a new starting point, poised to lead the next era of industry advancement. Media Contact Company Name: COFCO Coca-Cola Beverages Limited (CBL) Contact Person: Liu Yang Email: Send Email Country: China Website:
Yahoo
5 days ago
- Business
- Yahoo
Tilray Brands to Present at TD Cowen's 9th Annual Future of the Consumer Conference
NEW YORK and LEAMINGTON, Ontario, May 29, 2025 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ('Tilray') (NASDAQ: TLRY and TSX: TLRY), a global lifestyle and consumer packaged goods company at the forefront of the beverage, cannabis and wellness industries, today announced that Irwin D. Simon, Chairman and Chief Executive Officer, and Carl Merton, Chief Financial Officer, will participate in a fireside chat and host one-on-one meetings at the TD Cowen 9th Annual Future of the Consumer Conference on June 3, 2025, in New York, NY. The fireside chat is scheduled for 11:00 a.m. ET and a webcast will be available on Events & Presentations section of Tilray's Investor Relations website. To schedule a one-on-one meeting, please reach out to your TD Cowen representative. About Tilray Brands Tilray Brands, Inc. ('Tilray') (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray's mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray's unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages. For more information on how we are elevating lives through moments of connection, visit and follow @Tilray on all social platforms. Contacts: Investor Relationsinvestors@ Medianews@ in to access your portfolio
