VICTOR, N.Y., March 11, 2021 (GLOBE NEWSWIRE) Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today a commitment to invest $10 million in the Clear
11 mar 2021
Constellation Brands Announces Commitment to Invest $10 Million in ‘Clear Vision Impact Fund’ to Support Black and Minority-Owned Businesses
VICTOR, N.Y., March 11, 2021 (GLOBE NEWSWIRE) Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today a commitment to invest $10 million in the Clear Vision Impact Fund, LP, a newly-formed investment vehicle founded by Siebert Williams Shank & Co., LLC – the only U.S. investment bank certified as a women and minority-owned enterprise. The Clear Vision Impact Fund’s objective is to make investments in minority-owned businesses, with an emphasis on African American/Black-owned businesses; businesses that operate in or serve underserved, predominantly African American and Latinx, markets; and businesses that foster inclusive growth.
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VICTOR, N.Y., March 04, 2021 (GLOBE NEWSWIRE) Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 28, 2021, on Thursday, April 8, 2021, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Executive Vice President and Chief Financial Officer Garth Hankinson at 11:30 a.m. EDT, April 8, 2021.
The conference call can be accessed by dialing +1-877-673-1771 and entering conference identification number 4192805, beginning at 11:20 a.m. EDT. A live, listen-only webcast of the conference call will be available on the company s website, www.cbrands.com, under the
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15 Most Valuable Alcohol Companies
The alcohol industry performed better-than-expected in 2020 as demand grew worldwide. According to a report, the global alcoholic beverage market was valued at $515.2f billion in 2019 and projected to reach $614.7 billion at a compound annual growth rate (CAGR) of 7% from 2021 to 2023. In 2019, the largest region in the global alcoholic beverage market was Asia Pacific which accounted for 41% of the market. North America was the second biggest region, contributing 24% of the global market for alcoholic beverages.
Rising Online Demand
A report by the market research firm International Wine and Spirit Records, or IWSR, said that online demand for liquor in the U.S. was expected to jump by over 80% in 2020 as a result of the coronavirus outbreak. The report said that alcohol e-commerce sales were expected to come in at $5.6 billion in 2020, up from about $3 billion in 2019.