Constellation Brands Partners With Its Flagship Brands to Contribute $1.75 Million to Help Rebuild the Restaurant Industry
April 06 2021 - 4:30PM
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 $1.75 million to support the National Restaurant
Association Educational Foundation (NRAEF) and the launch of their
“Restaurants Advance” campaign. The commitment represents a
multi-year collaboration with the NRAEF to rebuild the restaurant
industry and create opportunities for restaurant workers from all
backgrounds.
According to the NRAEF, the restaurant industry finished 2020
nearly 2.5 million jobs below its pre-COVID-19 levels.
Constellation’s collective contribution – which includes support
from the Corona brand family, SVEDKA Vodka, and Meiomi – will go to
support the NRAEF’s programs dedicated to recruiting employees to
help rebuild the restaurant industry’s workforce.
“Many of our retailer partners, particularly local restaurants
and their employees, have been significantly impacted by this
terrible virus,” said Bill Newlands, Constellation Brands’
president and chief executive officer. “We are proud to partner
with the NRAEF and play a role in helping to rebuild the industry,
and we believe that starts with the people who serve as its
backbone. Our hope is to not only help rebuild the industry’s
workforce with talented and diverse individuals to position it for
future growth, but also to help bring financial security through
enhanced employment opportunities to the thousands who have been
impacted financially by the pandemic.”
In March 2020, Constellation and several of its flagship brands
contributed more than $1 million to the NRAEF’s Restaurant Employee
Relief Fund, which raised more than $21.5 million and helped over
43,000 restaurant workers hit hard financially by the COVID-19
pandemic.
“Constellation Brands stepped up at the onset of the pandemic
and helped us provide much-needed assistance for restaurant workers
through our Restaurant Employee Relief Fund, and we are thrilled to
have their support once more,” said Rob Gifford, president of the
NRAEF. "While we have much work to do, this substantial donation
will help rebuild the industry and support our work to open new
doors of opportunity.”
Working alongside its partner organization, the Multicultural
Foodservice & Hospitality Alliance (MFHA), the NRAEF’s
“Restaurants Advance” campaign will support recovery efforts by
focusing on investing in initiatives to attract talent to the
industry, advance career development and increase equity for
restaurant workers, and assist in the creation of pathways to small
business ownership.
“Our brands and company have a long history of giving back to
the communities where we live and work,” said Mike McGrew,
Constellation’s chief corporate social responsibility officer.
“These restaurants and their employees are vital to not only our
business, but to our collective communities across the country. We
are committed to doing our part to support them over the long
term.”
The NRAEF is the non-profit arm of the National Restaurant
Association and has an extensive history of supporting the
restaurant, bar, hospitality and foodservice community. NRAEF
programs include preparing high-school students for restaurant jobs
and careers; offering scholarships to anyone building a future in
restaurants; helping the military transition into the industry;
providing apprenticeships and building pathways to independence for
justice-involved individuals through job skills training and
mentoring. For more information about the NRAEF and the
“Restaurants Advance” campaign, go to
ChooseRestaurants.org/Advance, and follow on Facebook, Twitter,
Instagram, and LinkedIn.
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.comMarisa Pepelea 312-741-2316 /
marisa.pepelea@cbrands.com |
A downloadable PDF copy of this news release can be found
here. http://ml.globenewswire.com/Resource/Download/b4110147-be9f-4fd0-a9d5-14a4bfb588d3
Constellation Brands (NYSE:STZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Constellation Brands (NYSE:STZ)
Historical Stock Chart
From Apr 2023 to Apr 2024