CONSTELLATION BRANDS PARTNERS WITH ITS FLAGSHIP BRANDS TO COMMIT MORE THAN $2.5 MILLION TO COVID-19 RELIEF EFFORTS
March 26 2020 - 8:00AM
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, in partnership with a number of its
iconic beer, wine, and spirits brands, announced today a collective
commitment of more than $2.5 million to COVID-19 relief efforts.
“Our hearts go out to the many individuals and businesses
impacted by this terrible virus,” said Bill Newlands, president and
chief executive officer, Constellations Brands. “Many of our
retailer partners, particularly local restaurants and bars and
their employees, have been significantly impacted by this
situation. These businesses are essential to the fabric of our
communities. It’s important that we all come together to help those
most in need in this critical time. We are focusing our support on
efforts that directly benefit those impacted today while also
helping the larger industry on its path to recovery.”
Constellation, along with a number of its flagship brands such
as Corona Extra, Meiomi, Kim Crawford, The Prisoner, and High West
Whiskey, contributed $1 million to the upcoming launch of the
National Restaurant Association Educational Foundation’s (NRAEF)
Restaurant Employee Relief Fund.
“We are thrilled and inspired by Constellation Brands’
commitment to help restaurant employees throughout the industry and
across the country impacted by the COVID-19 crisis," said Rob
Gifford, president of the NRAEF. "Thanks to their substantial
donation we will have the ability to help thousands of people who
are out of work and facing financial hardship."
The NRAEF has an extensive history of supporting the restaurant,
bar and hospitality community and has the national infrastructure
to meet industry needs now and over the long-term. For more
information on the NRAEF’s upcoming launch of the Fund, follow the
NRAEF on Facebook, Twitter and LinkedIn.
Constellation Brands, in partnership with Modelo Especial, also
pledged $500,000 to the U.S. Bartenders’ Guild, a non-profit
professional society of bartenders and other hospitality
professionals currently offering relief for impacted bartenders and
support staff across all 50 states. And, true to its Fighting
Spirit positioning, Modelo has contributed an additional $250,000
to support first responders as they continue to support those in
need in communities across the U.S.
“Our brands and company have a long history of giving back to
the communities where we live and work,” said Jim Sabia, chief
marketing officer, Constellation Brands. “We are committed,
especially in this unprecedented time, to supporting our impacted
retailer partners and their employees, as well as the first
responder community that continues to work selflessly to serve the
needs of communities across the country.”
Furthering its commitment, the company established the
Constellation Brands COVID-19 Crisis Relief Fund, through which
Constellation will match contributions from its several thousand
employees across the country 2:1 to benefit non-profit
organizations supporting communities impacted by this crisis. The
company is also mobilizing employees across the nation to actively
contribute to the effort by providing resources to help them
support local restaurants in their communities by placing take-out
orders and food deliveries in an effort to help sustain these local
businesses and the jobs they create as they work toward recovery.
Additional efforts made by the company include a $250,000
contribution to support relief efforts in Italy, home to the
company’s Ruffino brand. Specifically, these funds will be
used to support the strained healthcare system in the Veneto
region.
ABOUT CONSTELLATION BRANDSAt Constellation
Brands (NYSE: STZ and STZ.B), our mission is to build brands that
people love because we believe sharing a toast, unwinding after a
day, celebrating milestones, and helping people connect, are Worth
Reaching For. It’s worth our dedication, hard work, and the bold
calculated risks we take to deliver more for our consumers, trade
partners, shareholders, and communities in which we live and work.
It’s what has made us one of the fastest-growing large CPG
companies in the U.S. at retail, and it drives our pursuit to
deliver what’s next. Today, we are a leading international producer
and marketer of beer, wine, and spirits with operations in the
U.S., Mexico, New Zealand, and Italy. Every day, people reach for
our high-end, iconic imported beer brands such as Corona Extra,
Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and
Pacifico, and our high-quality premium wine and spirits brands,
including the Robert Mondavi brand family, Kim Crawford, Meiomi,
The Prisoner brand family, SVEDKA Vodka, Casa Noble Tequila, and
High West Whiskey.
But we won’t stop here. Our visionary leadership team and
passionate employees from barrel room to boardroom are reaching for
the next level, to explore the boundaries of the beverage alcohol
industry and beyond. Join us in discovering what’s Worth Reaching
For.
To learn more, follow us on Twitter @cbrands and visit
www.cbrands.com.
MEDIA CONTACTS |
INVESTOR RELATIONS CONTACTS |
Mike McGrew 773-251-4934 /
michael.mcgrew@cbrands.comAmy Martin 585-678-7141 /
amy.martin@cbrands.com |
Patty Yahn-Urlaub 585-678-7483 /
patty.yahn-urlaub@cbrands.comBob Czudak 585-678-7170 /
bob.czudak@cbrands.com |
A downloadable PDF copy of this news release enhanced with
multimedia links can be found
here: http://ml.globenewswire.com/Resource/Download/e318c317-ebf9-475d-88a7-54fa78ba468d
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