The Corona beer brand is owned by AB InBev, a multinational conglomerate and the world's largest brewer. Constellation Brands, which imports the Corona and Modelo brands from Mexico, is the exclusive licensee and sole importer of Corona in the United States, Washington, D.C., and Guam. To buy shares of Corona, you would need to purchase shares of Anheuser-Busch InBev (AB InBev), which is traded primarily on the Euronext exchange, with secondary shares on the New York Stock Exchange (NYSE), as well as the Mexico and South Africa stock exchanges.
Characteristics | Values |
---|---|
Brand | Corona |
Brewer | Grupo Modelo |
Owner | AB InBev |
Distributor in the US | Constellation Brands |
Origin | Mexico |
Year Introduced | 1925 |
Top-Selling Brand of Imported Beer in | The United States |
Variants | Corona Extra, Corona Light, Corona Premier, and Corona Familiar |
Flavored Hard Seltzers Launched | March 2020 |
What You'll Learn
Corona beer is owned by AB InBev, the world's largest brewer
AB InBev, a multinational conglomerate, was formed in 2004 by the merger of Interbrew from Belgium and AmBev from Brazil. In 2012, AB InBev acquired Grupo Modelo and, with it, ownership of Corona, in a $20.1 billion deal. As a result of an antitrust lawsuit, AB InBev was forced to divest Modelo's US business, which was acquired by Constellation Brands. This resulted in Corona being distributed by different corporations, with AB InBev licensed to sell the beer outside the US.
AB InBev stock is primarily traded on the Euronext exchange, with secondary shares on the New York Stock Exchange (NYSE), as well as the Mexico and South Africa stock exchanges. Some of the largest shareholders in AB InBev include the Van Damme, de Mevius, and de Spoelberch families, Brazilian investment firm 3G Capital, and BEVCO Lux Sarl, part of the Colombia-based Santo Domingo Group.
To buy shares of AB InBev, you will need a brokerage account and can follow a step-by-step guide provided by Fidelity. Factors to consider when investing in AB InBev stock include your portfolio diversification, personal risk tolerance, company and industry knowledge, and assessment of AB InBev's competitive position.
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Constellation Brands distributes Corona in the US
Constellation Brands, Inc. is a Fortune 500 American producer and marketer of beer, wine, and spirits. It is the largest beer import company in the US, measured by sales, and has the third-largest market share (7.4%) of all major beer suppliers. The company has more than 100 brands in its portfolio, including the rights to Corona in the United States. Constellation Brands is the exclusive licensee and sole importer of Corona in the fifty states of the United States, Washington, D.C., and Guam.
Constellation Brands gained the rights to the Corona name in the US when it acquired Grupo Modelo's US beer business from Anheuser-Busch InBev in 2013. The transaction included full ownership of Crown Imports LLC, which provided Constellation with complete, independent control of all aspects of the US commercial business, as well as a brewery in Mexico and the exclusive perpetual brand license to import, market, and sell Corona and the Modelo brands in the US.
Constellation Brands has two breweries in Mexico that produce Corona and Modelo beer for the US market. Those locations are in Nava, Coahuila, and Ciudad Obregón, Sonora. A third brewery in Mexicali, Baja California, was never finished due to environmental issues. Instead, Constellation is building its third brewery in Veracruz, Mexico.
In addition to its beer business, Constellation Brands also has sizable investments in medical and recreational cannabis through its association with Canopy Growth. The company has also made acquisitions in the spirits market, with brands such as Svedka Vodka, Casa Noble Tequila, and High West Whiskey.
Constellation Brands has faced some legal challenges related to its use of the Corona brand name. In 2021, AB InBev's Mexican division, Grupo Modelo, filed a lawsuit against Constellation Brands, accusing them of breaching a deal by using the Corona brand name on a non-beer product, Corona Hard Seltzer. However, a Manhattan federal jury sided with Constellation Brands, allowing them to continue using the Corona brand name for their hard seltzer product.
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Corona Extra is the brand's most popular variant
Constellation Brands is the exclusive licensee and sole importer of Corona in the fifty states of the United States, Washington, D.C., and Guam. The brand's most popular variation is Corona Extra, a pale lager. It is one of the top-selling beers worldwide, and Corona Extra has been the top-selling imported drink in the U.S. since 1998.
Corona Extra was created by German immigrant and brewmaster, Adolph H. Schmedtje, who joined Cerveceria Modelo Sociedad Anónima (S.A.) in 1922 to oversee production. Corona was officially introduced in 1925. In 1932, Cerveceria Modelo S.A. changed ownership and, after a period of acquisition, consolidated into Grupo Modelo. With the reduction of tariffs on the import of Mexican beer to the United States when NAFTA came into effect in 1994, along with an increase in immigration between the two countries, Corona grew in popularity in the United States.
Corona Extra is available in a variety of bottle presentations, ranging from the 207 ml (7.0 U.S. fl oz) ampolleta (labelled Coronita) up to the 940 ml (31.8 U.S. fl oz) Corona Familiar (known as the familiar, Litro or Mega). A draught version also exists, as does canned Corona in some markets.
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Corona was introduced in 1925 and is now the top-selling imported beer in the US
Corona, a Mexican beer, was introduced in 1925 and is now the top-selling imported beer in the US. It is produced by Grupo Modelo in Mexico and exported worldwide. Constellation Brands is the exclusive licensee and sole importer of Corona in the US, while AB InBev owns the beer in all other worldwide markets.
Constellation Brands distributes Corona in the US and saw a more than 7% jump in beer sales and a nearly 12% increase in operating profits from its beer unit in 2019. Constellation's CEO, Bill Newlands, attributed this success to their "iconic beer portfolio" and its "cornerstone of growth in the US beer industry".
Corona's popularity in the US can be traced back to the 1970s when it was first introduced to the country. It quickly became a favourite among US tourists returning from Mexico, and its popularity continued to grow with the reduction of tariffs on Mexican beer imports to the US and the increase in immigration between the two countries.
Today, Corona is the second-most-popular beer in the US, with 32% of respondents in a Statista survey favouring it. It is known for its beach-themed commercials and is often served with a wedge of lime or lemon. The brand's most popular variation is Corona Extra, a pale lager, but other variants include Corona Light, Corona Premier, and Corona Familiar.
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Corona is brewed in China for the Australasia market
Yes, you can buy stock in Corona beer. The beer is produced by Grupo Modelo in Mexico and exported worldwide. Constellation Brands is the exclusive licensee and sole importer of Corona in the United States, while AB InBev owns the beer in all other markets and is responsible for brewing it.
Corona is now brewed in China specifically for the Australasia market. This change in brewing location has led some consumers to notice a change in taste and opt for the brown box Corona, which is imported from Mexico. The white box Corona is the one brewed in China.
The recipe for Corona includes corn, barley malt, hops, yeast, antioxidants (ascorbic acid), and propylene glycol alginate as a stabilizer. It is often served with a wedge of lime or lemon in the bottle to add flavor.
Corona Extra, a pale lager, is the brand's most popular variation and has been the top-selling imported drink in the US since 1998. Other variants include Corona Light, Corona Premier, and Corona Familiar.
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Frequently asked questions
Yes, you can buy stocks in Corona Beer through Constellation Brands (NYSE: STZ). Constellation Brands is the holding company for Corona, Modelo, and other wine and spirits brands.
Constellation Brands is the company that imports and markets Corona and Modelo beers in the United States. It also has a diverse portfolio of wine and spirits brands and a significant stake in the cannabis business.
Corona Beer, along with its sister brand Modelo, has been performing well in the market. In 2024, Constellation Brands reported a more than 7% jump in beer sales and a nearly 12% increase in operating profits from its beer unit compared to the previous year.
Constellation Brands has successfully cultivated loyalty among Hispanic and Latino consumers, who accounted for 32.5% of the company's sales in 2023. Additionally, the brand's association with Mexico and its marketing campaigns focused on authenticity have contributed to its popularity.
Constellation Brands is expected to continue performing well in the market. The company is expanding into new flavors that resonate with diverse consumer groups, and the loyalty of its customer base is anticipated to withstand economic challenges.