![]() The company competed with two other native beer breweries, 'Real' and 'Cerveceria Corona' (Cerveceria Corona de Puerto Rico 'subsequently sold its trademark rights to Cervecera Modelo de Mxico, which then launched Cerveza Corona as Modelo's Corona Extra). at 1:23 pm Corona Hard Seltzer, a major competitor in the booming market for spiked fizzy water, has run into legal troubles over its name. Market holidays and trading hours provided by Copp Clark Limited. In 1938, their first beer, Cerveza India, was released to the public. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Modelo Especial, a Mexican lager, overtook Bud Light in U.S. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. 1 hour ago &0183 &32 After more than two decades as America’s best-selling beer, Bud Light has slipped into second place. Victor, New York-based Constellation Brands Inc STZ.N, which owns the U.S. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Bottles of Corona beer, the flagship brand of Group Modelo, are seen in Mexico City, Mexico February 14, 2013. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account –CNN’s Max Ramsay and Sharif Paget contributed to this report. (NLSN) show beer sales rose 34% year-over-year for the week ending on March 21. Sales accelerated in the first three weeks of March, the company said, with its beers growing 24% compared to a year ago.Ĭorona Hard Seltzer, which launched in early March, is also off to a “strong start,” according to a company earnings release.īeer and other alcohol are rising in sales this month as Americans are being forced to hunker down in light of the coronavirus. Constellation said sales of its beer brands grew 8.9% for the first three months of this year, with Modelo and Corona being its top sellers. CEO Bill Newlands said in an earnings call the brand has “ample supply to meet consumer demand” and doesn’t expect shortages in the near term.Ĭorona’s coincidental name with the virus hasn’t dented sales. (STZ) handles the distribution and import of Grupo Modelo’s beers in the United States. But Anheuser-Busch InBevwho owns the Corona brand everywhere else through Grupo Modelosays, yes, you own the 'beer' brand, but you can't make Corona Hard Seltzer because hard seltzer isn't. Corona Extra was introduced in the United States in 1981, and became the fastest growing imported beer in U.S. Grupo Modelo is ready to enact a plan to “guarantee the supply of beer” if the Mexican government decides to include breweries as essential, according to a statement. Calculator: How much will I get from the stimulus bill?. ![]() Keeping clean: You can use these disinfectants.
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