How Top Corporations Are Secretly Navigating and Profiting from Shifting Immigration Policies—What They’re Not Telling You Could Change Your Next Investment Move
Constellation Brands
The behavior of consumers in response to the current administration’s immigration enforcement policies is apparently weighing on Constellation Brands, which owns beer brands Corona, Modelo and Pacifico. Speaking on an earnings call in June, Constellation CEO William A. Newlands said roughly half of the company’s business comes from “the Hispanic community.” Its research indicates the “whole immigration question” is causing concern among this group of consumers. That is discouraging them from doing things like going out to eat and attending social gatherings, according to Newlands.
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