Reuters first reported the news of the lawsuit, which comes amid surging demand for hard seltzer in the US, on Monday.Ĭonstellation told Reuters in a statement that the company was "very surprised" by the lawsuit and called it an attempt to squash a competitor. The corona beer marker reported a profit of 3.09 per share in the third quarter ended November 30, 2020, beating the Wall Street estimate of 2.40 per share, up from 2.14 per share profit seen. 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). Corona Extra was introduced in the United States in 1981, and became the fastest growing imported beer in U.S. When citizens incorporated the new city, they sought to carve their own identity by changing the name to Corona. On July 13, 1896, the citizens of South Riverside voted to incorporate the town into the newly developed Riverside County. Grupo Modelo, AB InBev's Mexico-based brand, claims that Constellation violated the deal by using the Corona brand for a non-beer product, according to court documents reviewed by Insider. In 1938, their first beer, Cerveza India, was released to the public. The Corona of the past was a small rural community known as South Riverside. AB InBev retained rights to the products in other markets, and the deal gave Constellation the rights to produce Corona and other Modelo brands in the US. The beverage brand that owns Budweiser, Corona, and Stella Artois, is suing US beer-maker Constellation Brands for using the Corona brand name in a hard seltzer, according to a lawsuit filed Monday.īeverage giant Anheuser-Busch InBev (AB InBev) acquired Corona's parent company, Grupo Modelo, in 2013, but US antitrust regulators required it to sell the company's US-based business to Constellation. The beverage brand that owns Budweiser, Corona, and Stella Artois, is suing US beer-maker Constellation Brands for using the Corona brand name in a hard seltzer, according to a lawsuit filed Monday. Constellation's Corona hard seltzer launched in the US in February 2020 and has become the fourth-largest seltzer brand with a 6 market share, the beer-maker said last October.The top three spots.
But Fernandez never forgot his homeland and was honored by ex-King Juan Carlos for his. Account icon An icon in the shape of a person's head and shoulders. Corona Extra is the second most imported bottled beer in the USA raking in 692 million a year in sales.
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