Finance

Vintage Wine Estates reports revenue of $16.1 million in the fourth quarter, down 16.4% from a year earlier, reflecting declineds in all segments: * Wholesale revenue declined $2.2 million, or 10.3%, to $18.8 million as improved pricing and higher ACE Cider sales did not fully offset

Long before the U.S. beer industry was upended by one Bud Light can, Molson Coors Beverage Co. "changed how we invest, market and operate," Gavin Hattersley, president/CEO said.  "And we changed our future."  The company is "built for growth, we expect growth, and

The Paris public prosecutor's office confirmed Friday (10/1) that it is  investigation accusations that Russian businessman Nikolai Sarkisov bought real estate at a luxury Alpine resort with help from Bernault Arnault, who provided a loan through one of his companies. A lawyer for Arnault denied the accusation,

Brown-Forman Corp. said directors approved a $400 million share repurchase plan through Oct. 1, 2023. The plan permits the company to buy back Class A and Class B common shares for cash in open market purchases, block transactions, Rule10(b)5-1, and privately negotiated transactions. Lawson Whiting, Brown-Forman’s president/

Molson Coors Beverage Co. said it increased its investment in ZOA Energy, enabling ZOA to double its planned media budget for the coming year while continuing to grow its sales and distribution footprints.  Molson Coors will also have a seat on Zoa's board of directors.  The amount of

Constellation Brands said Luca Zaramella, chief financial officer or Mondelez International, and William (Bill) T. Giles, former CFO of AutoZone were elected to the company's board of directors.  They were nominated by Elliott Investment Management, an activist investor that Wall Street analysts said they expected to help steer

Deutsche Bank analyst Mitch Collett upgraded Anheuser-Busch to Buy from hold and raised his target price to $60 from $52, arguing that the controversy surrounding Bud Light is coming to a close. Collett is very much in the lead on seeing an end to the Bud Light controversy.  Bud Lights

Wander + Ivy,  an organic single-serve wine brand, announces another seven-figure round of funding. In addition to surpassing fundraising goals, Wander + Ivy recently released its newest wine, a French Sauvignon Blanc, and expanded wholesale distribution to New York and Wisconsin, bringing the total brand footprint to 15 states. “Since founding the

If Christophe Navarre, the former CEO and chairman of Moet Hennessy, has his way, wine will soon be globally recognized as an investment class, similar to stocks, bonds, commodities, real estate and timber.   The vehicle for this transformation?  Cult Wines, which has been in business since 2007.  It is the

Constellation Brands said it priced the public offering prices of $750 million of 4.9% Senior Notes due 2033 at 99.306%. The notes will be senior obligations that rank equally with all of Constellation’s other senior unsecured indebtedness. Proceeds will be used for general corporate purposes.