Corona: latest news, insights and analysis | ESM Magazine

AB InBev Scraps 2020 Outlook As Coronavirus Crisis Expands

Anheuser-Busch InBev, the world's largest brewer, said on Tuesday it was scrapping its 2020 outlook as the scale of the coronavirus increased. The Belgi...

Corona Maker Sees Retail Beer Volumes Increase 30% In Last Four Weeks

Far from shunning the beverage, Corona beer fans in the US are purchasing increased volumes of the brand through retail channels, according to its parent,...

Corona Beer Boss Slams 'Unfounded' Claims Over Impact Of COVID-19 On Its Business

The chief executive of Constellation Brands, which owns the Corona Extra beer brand, has criticised claims in the media that the COVID-19 outbreak has impa...

AB InBev Sees 10% Hit To First-Quarter Profit From Coronavirus

The world's largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales du...

Corona Maker Constellation Raises FY Profit Forecast After Upbeat Quarter

Constellation Brands Inc raised its full-year adjusted earnings forecast and beat Wall Street estimates for quarterly profit on Wednesday, driven by strong...

Constellation Pulls Brands From E. & J. Gallo Deal, Price Lowered By $600m

Constellation Brands Inc said on Thursday it had withdrawn some brands, including Cook's California, from its deal with E. & J. Gallo Winery after...

Constellation Brands Names New EVP And Finance Chief

Constellation Brands has announced the appointment of Garth Hankinson as its new executive vice-president and chief financial officer, effective 13 January...

AB InBev Sees Only 'Moderate' 2019 Profit Growth After Weak Q3

Anheuser-Busch InBev, the world's largest beer maker, reported lower-than-expected profit in the third quarter and said it now only expected moderate profi...