Olympics Global Sponsor: The deal was announced Friday by the IOC and AB InBev - the Belgium-based brewing giant whose brands include Budweiser, Corona, Michelob and Modelo - for the next three Summer and Winter Games. The Paris Olympics open on July 26, and the deal also includes the 2026 Winter Games in northern Italy, then - the likely prize asset - the Los Angeles Olympics in 2028.
Corona beer maker Constellation Brands third-quarter sales fell short of market expectations on Friday, as demand for its higher-priced spirits and wines slowe.
Despite US beer sales falling beneath 200 million barrels for the first time this century, Constellation Brands has seen healthy results thanks to its thriving Modelo Especial and Corona brands.
Corona beer maker Constellation Brands’ third-quarter sales fell short of market expectations on Friday, as demand for its higher-priced spirits and wines slowed down in the face of sticky inflation.