Join Forces with Top Brands at Portada Live, NYC, Sept, 19, 2024!

July 2, 2012

Constellation Brands acquires 100% of Crown Imports, AB InBev now owns Modelo

Mexico’s Group Modelo agreed to sell its 50 percent stake in distributor Crown Imports LLC to its partner, winemaker Constellation Brands Inc. of New York, for $1.85 billion as AB InBev completes its acquisition of Modelo. The transaction, which is subject to regulatory approval, is expected to close during the first quarter of calendar 2013.

Havas’s Totality closes

Less than a year after opening its multicultural agency Totality, Havas is closing the agency Adage reports. Havas decided it would be better to integrate multicultural work in operating companies such as Euro RSCG and Arnold rather than add another layer.