Constellation Brands buys wine delivery startup [CBS News]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: CBS News
Booze giant Constellation Brands, which owns some of the world's most recognizable wine, beer and spirits labels, is betting that "bcommerce," or the nascent habit of buying booze online, will be a big part of the industry's future.Constellation, owner of Corona and Modelo beer, Svedka vodka and Casa Noble tequila, among other renowned brands, has purchased Empathy Wines, an e-commerce startup that delivers wine directly to consumers' doorsteps — a luxury Americans are relying on as restaurants and bars become the sites of recent coronavirus outbreaks.Indeed, interactions at watering holes tend to be "the opposite of social distancing," Dr. David Hamer of the Boston University School of Medicine told theAssociated PressGet Breaking Delivered to Your InboxConstellation CEO Bill Newlands emphasized the company's focus on catering to consumers' evolving buying preferences."Key to our strategy is being consumer-obsessed — building a direct relationship with our consumers, meeting them wh
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STZ
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- 4/11/24 - Beat
STZ
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 10-K
- 4/19/24 - Form 144
- STZ's page on the SEC website