Constellation Brands says Mexico breweries still running amid coronavirus outbreak [Reuters]
Constellation Brands, Inc. (STZ)
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Source: Reuters
Constellation Brands says Mexico breweries still running amid coronavirus outbreak (Reuters) - Constellation Brands Inc ( STZ.N ), the U.S. distributor of Corona beer, said on Friday its Mexican breweries were still operational and supply to the United States was intact even as rivals suspended production due to the coronavirus pandemic. AB InBev-owned ( ABI.BR ) Grupo Modelo and Dutch brewer Heineken ( HEIO.AS ) recently suspended their Mexican operations after the country declared a health emergency and ordered the suspension of non-essential activities. Constellation Chief Executive Officer Bill Newlands said the company was not going against government recommendations. “I have no comment regarding a competitor and what they are choosing to do or not choosing to do... What I would say is, today... we are operating,” Newlands said on a conference call with analysts. The brewer’s Corona and Modelo beers have been a huge hit with consumers, especially among the Hispanic populati
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