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Stock impact report

ICE has Hispanic people so afraid of being arrested they are drinking less, tequila maker claims [Yahoo! Finance]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: Yahoo! Finance
Proximo Spirits — the U.S. distribution arm for Becle, which owns Jose Cuervo tequila — said that fear in the Hispanic community has kept some at home rather than going out and having drinks. “The tension of the immigration policies has created a very difficult atmosphere with consumers, especially with immigrants, with Hispanics, [who] obviously make up a big portion of our particular business,” Lander Otegui, Proximo Spirits' head of marketing, told The Financial Times The Trump administration's immigration raids have been a key focus of his first year back in the White House. Masked federal agents have been accused of waiting at courthouses and even waiting outside of schools to make arrests. And federal officers have made several mistaken arrests of U.S. citizens “Consumers are afraid, even [if they] are legal,” Otegui said. “You're just afraid because you don't want to get in trouble... So they don't want to go out to restaurants. They don't want to go out to bars.” The Show less Read more
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