This story is a part of VP Pro, our free content platform and newsletter for the drinks industry, covering wine, beer, and liquor - and beyond. Automakers have been crippled by a shortage of computer chips vital car components produced mostly in Asia. This is a developing story more details are expected to emerge in the coming days.

“We are pleased with the outcome of this trial and remain committed to continuing to operate in accordance with the terms of our sublicense agreement as we work with our distributor and retailer partners to continue to build brands consumers love,” Constellation tells BBD.ĪBI’s Grupo Model expressed its “disappointment” in a statement to BBD and says it is “evaluating all options.” Corona Maker Raising Beer Prices Over Glass Shortage, Inflation. The jury, composed of four men and four women, listened to presentations from A-B InBev chief Carlos Brito, corporation leaders, and corporate attorneys during the trial. The trial lasted approximately two weeks, with final jury deliberations lasting for about an hour. The lawsuit aimed to first pin down the legal definition of “beer” to determine whether a license breach occurred. And one brewer has already said it plans to shut down a key. Per capita sales of spirits, wine, and beer (in gallons of ethanol) in July 2021 in states with data available as of March 25, 2022. The lawsuit, centered on Corona Hard Seltzer and Modelo Ranch Water, addressed Constellation’s sublicensing agreement with Grupo Modelo (the Mexican division of Anheuser-Busch InBev).Ĭorona Hard Seltzer is fermented from a sugar base, according to BBD. Now, many are confronting a shortage of a key ingredient: carbon dioxide, the gas that gives beer its crisp, effervescent taste. Percentage changes in per capita sales of spirits, wine, and beer (in gallons of ethanol) in June 2021 compared to June 20172019 (3-year average) in states with data available as of March 25, 2022. The jury ruled in favor of Constellation Brands today, according to a March 15 newsletter from Beer Business Daily. applies only to beer products, an agreement Grupo Modelo claims was violated when Constellation produced and distributed the hard seltzer line. Constellation’s license to use the “Corona” label in the U.S. The price of Victoria and Corona beers, which are made by Grupo Modelo - the other beer giant in Mexico and property of AB InBev, went up 24 from late May to early June, according to a survey. Supply issues for hugely popular beer ahead of Christmas. In February 2021, a suit was initiated by Grupo Modelo claiming Constellation violated a licensing agreement pertaining to the use of the Corona name. The Wetherspoons chain has said some of its pubs have run out of some beer brands because of supply chain issues.

'Our outlook for the year and over the long-term remains extremely bright.A jury reached a verdict Wednesday on whether Corona Hard Seltzer can be considered beer for licensing purposes. 'Consumer demand and takeaway for our brands remains extremely strong,' said Newlands. COVID-19s abrupt emergence and unchecked. What does making beer have to do with vegan ribs California company Planetarians is working with beer giant AB InBev to turn its spent brewers yeast into zero.

Speaking at a virtual investment conference in July, Constellation's CEO William Newlands said that demand for Corona was the strongest it had ever been. A coronavirus outbreak caused by a novel virus known as SARS-CoV-2 originated towards the latter half of 2019. The pub chain Wetherspoon’s is experiencing shortages of some beer brands, including Carling, Coors and Heineken, amid a Brexit. in-store beer sales in 2020, about the same as last year, according to IRI, a Chicago-based market research firm. This week the Wall Street Journal reported that Corona nabbed about 7% of U.S. But Corona makes up a much smaller portion of overall sales at Anheuser-Busch, which owns its namesake beer and others, than at Constellation. Sales at Anheuser-Busch InBev, which owns the rights to Corona in the rest of the world outside the U.S., fell 20% in the first half of the year. Shares of Constellation are up 14% this year, to a price of $216. In October, the company said that a jump in grocery and liquor store sales of Corona beer and other branded products had more than covered the 50% drop in restaurant sales. Corona's sales were dented slightly after Mexico shut down breweries at the height of the pandemic, but not because of demand. That appears to have been the right decision.

Corona beer shortage july 2021