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Grupo Modelo is a large brewery in Mexico that exports beer to most countries of the world. Its export brands include Corona, Modelo, and Pacífico. [1] Grupo Modelo also brews brands that are intended solely for the domestic Mexican market and has exclusive rights in Mexico for the import and distribution of beer produced by Anheuser-Busch. [1]
Corona is a Mexican brand of beer produced by Grupo Modelo in Mexico and exported to markets around the world. Constellation Brands is the exclusive licensee and sole importer of Corona in the fifty states of the United States, Washington, D.C., and Guam.
This transaction was valued at US$20.1 billion. To satisfy US anti-trust demands, on 7 June 2013 AB InBev sold its Grupo Modelo’s US business, including Grupo Modelo’s brand naming rights and one of the breweries in Piedras Negras in Mexico, for approx. US$4.75 billion to Constellation Brands, a competitor of AB Inbev in some beverage sectors.
Constellation's beer sales — driven by Corona, Modelo, and Pacifico — rose 14% in the most recent quarter. That marked a quicker pace than the 11% gain for the full fiscal year.
It's a fighter. Modelo Especial has officially become the bestselling beer in the U.S., surpassing Bud Light among brews purchased at supermarkets and convenience stores.. The fact that the ...
"Our beer business is doing extraordinarily well,” Constellation Brands CEO Bill Newlands told Yahoo Finance Live. Modelo is 'about to become America’s favorite beer,' Constellation Brands CEO ...
Globally, one of the best known Mexican beers is Corona, which is the flagship beer of Grupo Modelo. Corona is the best-selling beer produced by Mexico, [17] and the best-selling non-domestic beer in both the U.S., U.K and Australia. [5] It is one of the five most-consumed beers in the world, available in more than 150 countries. [3]
The Pacífico brewery was bought by Mexican brewing giant Grupo Modelo in 1954, which was later acquired by the Belgian-Brazilian Anheuser-Busch InBev company. See also [ edit ]