That deal is why Constellation ranks third in total beer sales in the U.S.
#Cooper and thief wine constellation full#
Constellation has full control of the beers stateside and can innovate around those brands as it pleases for U.S. It was a side deal that allowed rival Anheuser-Busch InBev to buy the international assets of Grupo Modelo, which makes Corona and its namesake beer. The deal that has been perhaps the most transformative was Constellation’s $4.75 billion purchase of Grupo Modelo’s U.S. 359 on the Fortune 500 list for 2021, its highest-ever ranking. The heady growth helped Constellation Brands reach No. Over the past five years, Constellation Brands’ net sales have leaped 32% to $8.6 billion, while net income totaled nearly $2 billion in the latest fiscal year. “It was the easiest yes I’ve ever gotten for any pitch I’ve made.”
“We want to bet on…an untapped market of great ideas, founders building interesting and disruptive brands,” she says. And it would bother me to no end if she couldn’t get the opportunities that I’ve gotten.”Īnd while Monteiro says she didn’t exactly “storm” into Newlands’s office, she shares his sentiment about much-needed representative change in the industry. He frames his case for why these investments are needed in personal terms: “I have a daughter, and I think she’s very talented. “We believe it is critically important to invest in the communities we serve, while providing capital to audiences that were undercapitalized for way, way too long,” says Newlands. Constellation has since committed to an additional $100 million invested in Black, Latinx, and minority-owned businesses by 2030. In just a year, Constellation’s Ventures portfolio went from having 20% of companies led by women to 40%.
Six months later, Constellation Brands made waves when it committed to invest $100 million in women-led startups by 2028. Monteiro, executive vice president and chief growth, strategy, and digital officer, thought Constellation Brands should do something about it. She gave a straightforward and startling pitch: Women led-businesses generated twice the revenue per dollar invested versus the average non–women-owned business, and yet only 2% of venture capital funding went to female-led companies.
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