How US thirst for cerveza could worsen water shortages in Mexico
Best enjoyed ice cold, the beers of Mexico are redhot in the United States. Between 2013 and 2017, sales of brews from south of the border surged 44 percent, even as domestic beer sales dipped 3.5 percent. A single company benefits most from this cerveza boom: New York-based beverage giant Constella tion Brands, which bought the US rights to Mexican megabrands Corona, Modelo, Victoria, and Pacifico as part of a $4.8 billion deal back in 2013.
Constellation’s properties now account for about 1 in 11 brews sold in the United States. For investors, this fact has gone down like a frosty Corona on a broiling beach: Since June 2012, when Constellation first signaled it would take over US distribution, the company’s stock has risen seven times over, driven largely by the explosive growth of its beer division.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
WHEN IN DROUGHT
This obscure yet adaptable grain could be a healthy staple for a warming planet.
GLOBAL WARNING
Why Project 2025 is an environmental catastrophe in the making
BAD HABITS
A spate of recent horror movies recycle tired tropes about nuns-and reveal society's ongoing discomfort with independent women.
Taking the Fifth For a glimpse of the Supreme Court after a second Trump term, look at the radical circuit court that's already driving America to the right.
Imagine obamacare is dead and millions of Americans have lost health coverage.
THE ARCHITECT
TRUMP WANTS TO BE KING. RUSS VOUGHT HAS A PLAN TO MAKE IT HAPPEN.
Losing Faith
As an evangelical leader, I enticed lawmakers and federal judges to adopt a conservative Christian agenda. Donald Trump’s rise proved how wrong I was.
GOD'S COUNTRY
These Christian nationalists have a plan to take over Americafrom small towns to the highest court in the land.
IN THE NAME OF THE MOTHER
How Shyamala Gopalan Harris raised a presidential contender
KILL THE MESSENGER
The anti-disinformation field is retreating under attack.
TRUMPNESIA
To get a second chance, Trump needs voters to forget his disastrous presidency.