In the all-important US market, the #1 imported brew still comes from south of the border. Mexico's Corona Extra pushed Heineken into second place in 1997, and has steadily increased its lead ever since, becoming one of the world's biggest beers as well as its home country's single most valuable brand, according to Interbrand. For years, US giant Anheuser-Busch derived an indirect benefit from this success, as a result of an investment stake of just over 50% in Corona's owner, Grupo Modelo. In 2012, following Anheuser-Busch's acquisition by InBev, the enlarged group made an offer to acquire the remaining shares in Modelo to take full control of the business. That deal was challenged by competition regulators, obliging AB InBev to surrender rights to Corona in the US to Constellation Brands. As a result, AB InBev owns Corona and Modelo's other Mexican beers in all markets except the US, taking back international rights from previous partners such as Carlsberg or Molson Coors. AB InBev's Grupo Modelo remains the biggest brewer by far in Mexico with around 58% local share from Corona and supporting brands including Modelo Especial, Pacifico and Victoria. AB InBev also distributes Corona, Modelo and some of the other brands in all its other global markets. However, Constellation Brands has perpetual US rights to the same portfolio. Corona Extra is one of the few beers to have reported steady and continuing growth in the US in recent years, elevating making Constellation the local #3 brewer behind Anheuser-Busch and MillerCoors with around 9% market share. The main Corona brand is supported by a collection of variants including Corona Light, mid-calorie Corona Premier and malt-based Corona Refresca. It was the #5 brand by volumes in 2017 and stablemate Modelo Especial was the #7. Felipe Ambra is global VP for Corona at AB InBev.
Capsule checked 27th November 2018
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Recent stories from Adbrands Weekly Update:
Adbrands Weekly Update 19th May 2016: Ads Of The Week: "Lime Ritual". In the best and most-retrocool way, Wieden & Kennedy Amsterdam's pan-European campaign for Corona Extra is like the ultimate distillation of those 70s cinema ads that always showed you ultra close-ups of alcoholic beverages splashing onto giant rocks of ice while the "beautiful people" played in the surf. In fact, we can't imagine a better way of watching it than with a wraparound Cinemascope screen for the fully immersive sensual experience. Fabulous photography and sound design. Summer's here. Dive in.
Adbrands Social Media 7th Jan 2016: "Without Borders". AB InBev celebrates the 90th anniversary of its recently acquired Corona beer with this splendid and imaginative spot from Leo Burnett Mexico. Some of the national characteristics of countries visited by our titular hero might rankle slightly (British pubs and darts and a Queen who is not our Queen for example) but you can't help but be charmed by the end results.
Adbrands Weekly Update 29th Jan 2015: Mexican imports continued to chip away at American beers' market share last year according to new figures from IRI for off-trade sales. Constellation's Crown Imports scored a near 8% gain in sales of its Corona Extra to $1.3bn, while stablemate Modelo Especial jumped 26% to $731m, joining the top ten beers for the first time, above Heineken. However the Dutch brewer's Dos Equis was also a very strong performer, with sales to $6.1bn, but Coors Light and Budweiser, the #2 and #3 respectively at $2.4bn and $2.2bn, both lost sales. AB InBev's best performer was Michelob Ultra Light, which gained 12% in dollar value to $905m.
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