Let’s dive into the fascinating world of beer and explore the ownership behind two popular Mexican beer brands – Corona and Modelo. Many people often wonder if these iconic brands are owned by the same company, so let’s shed some light on this topic.
The Story Behind Corona and Modelo
Corona and Modelo are indeed connected by the same parent company. Constellation Brands, a leading beverage alcohol company, holds the U.S. licensing rights for both Corona and Modelo. However, it’s important to note that the overall ownership structure of these brands is more intricate than meets the eye.
Constellation Brands and Its Portfolio
Constellation Brands is a powerhouse in the alcohol industry and owns a diverse portfolio of beer, wine, and spirits. In addition to Corona and Modelo, their impressive portfolio includes other popular beer brands such as Pacifico and Victoria. Beyond the world of beer, Constellation Brands also owns acclaimed wines like Robert Mondavi, The Prisoner, and Kim Crawford, among others.
Key Player: Grupo Modelo
In the background of the ownership equation, Grupo Modelo plays a significant role. Grupo Modelo, a Mexican brewing company, is the owner of the Corona and Modelo brand names globally, excluding the United States. Constellation Brands obtained the U.S. licensing rights for these beloved Mexican beer brands from Grupo Modelo.
The U.S. Licensing Arrangement
It’s worth emphasizing that Constellation Brands holds the exclusive rights to produce and distribute Corona and Modelo beers in the United States. This arrangement allows them to bring the exceptional taste and quality of these Mexican beers to American consumers.
Constellation Brands’ Success with Modelo Especial
A notable milestone occurred in May when Modelo Especial, a variant of the Modelo brand, surpassed Bud Light as the best-selling beer in the United States. This achievement marked the first time in 22 years that Bud Light, a long-standing leader in the market, was overtaken by another brand. Modelo Especial’s rise in popularity showcases the strength of the Constellation Brands’ portfolio and the continued love for Mexican beers among American consumers.
A Worthwhile Choice
In conclusion, Constellation Brands, the parent company, holds the U.S. licensing rights for Corona and Modelo. While Grupo Modelo retains ownership of these brands globally, Constellation Brands effectively manages the distribution and production of Corona and Modelo beers in the United States. With their rich portfolio and recent success, these Mexican beers remain a worthwhile choice for beer enthusiasts all over the country.
