Corona Beer to Halt Production Amid Coronavirus Outbreak [The New York Times]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: The New York Times
Corona beer has become a temporary victim of the coronavirus.Grupo Modelo, the brewer behind Corona, Modelo and other beers, said in astatement on ThursdayThe brewer, which is part of Anheuser-Busch InBev, said that should the federal government decide later that its product was essential, “at Grupo Modelo we are ready to execute a plan with more than 75 percent of our staff working from home and at the same time guaranteeing the supply of beer.”Grupo Modelo’s Corona beer drew attention about a month ago after consumers mistakenly associated it with the fast-spreading virus, which by that point had already begun its global march.In one survey, 38 percent of surveyed American beer drinkers said they would not buy Corona beer “under any circumstances,”CBS News reportedHowever, Constellation Brands, which handles Grupo Modelo’s beer in the United States, said that the virus had not affected sales,according to CNNThe suspension, which Grupo Modelo said would take effect on Sunday, was ann
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