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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]
Modelo Brewery, designed by the Cuban architect Enrique Luis Varela, was built in 1948 for Compañia Ron Bacardi S.A. [1] [2] Its address is the corner of 52 and Carretera Central, Cotorro, Havana, Cuba. In 1952, Ernest Hemingway featured Hatuey beer in his book The Old Man and the Sea.
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.
Schuhmacher said that while Modelo's taste may resemble that of other premium beers, including Bud Light, its image is fresher and less associated with previous generations of beer drinkers.
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.
Two common Mexican beers: Modelo and Victoria. History of beer in Mexico dates from the Spanish conquest of the Aztec Empire.While Mesoamerican cultures knew of fermented alcoholic beverages, including a corn beer, long before the 16th century, European style beer brewed with barley was introduced with the Spanish invasion soon after Hernán Cortés's arrival.
"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 ...
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.