{"id":27741,"date":"2026-09-24T14:08:12","date_gmt":"2026-09-24T14:08:12","guid":{"rendered":"https:\/\/www.quantumrun.com\/consulting\/?p=27741"},"modified":"2026-09-24T14:09:49","modified_gmt":"2026-09-24T14:09:49","slug":"who-owns-modelo-beer","status":"publish","type":"post","link":"https:\/\/www.quantumrun.com\/consulting\/who-owns-modelo-beer\/","title":{"rendered":"Who Owns Modelo Beer?"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1406\" height=\"760\" src=\"https:\/\/www.quantumrun.com\/consulting\/wp-content\/uploads\/2026\/09\/Who-Owns-Modelo-Beer-e1790258865151.jpg\" alt=\"Modelo beer ownership and company history showing AB InBev, Grupo Modelo, Constellation Brands, major shareholders, products, and U.S. distribution rights.\" class=\"wp-image-27742\" srcset=\"https:\/\/www.quantumrun.com\/consulting\/wp-content\/uploads\/2026\/09\/Who-Owns-Modelo-Beer-e1790258865151.jpg 1406w, https:\/\/www.quantumrun.com\/consulting\/wp-content\/uploads\/2026\/09\/Who-Owns-Modelo-Beer-e1790258865151-300x162.jpg 300w, https:\/\/www.quantumrun.com\/consulting\/wp-content\/uploads\/2026\/09\/Who-Owns-Modelo-Beer-e1790258865151-1024x554.jpg 1024w, https:\/\/www.quantumrun.com\/consulting\/wp-content\/uploads\/2026\/09\/Who-Owns-Modelo-Beer-e1790258865151-768x415.jpg 768w\" sizes=\"(max-width: 1406px) 100vw, 1406px\" \/><\/figure>\n\n\n\n<link href=\"https:\/\/fonts.googleapis.com\/css2?family=Inter:wght@400;500;600;700&amp;display=swap\" rel=\"stylesheet\">\n<style>\n.mdl-wrap a{color:#9a6b12;text-decoration:underline;text-underline-offset:2px}\n.mdl-key{background:#fbf7ee;border:1px solid #efe4c8;border-left:4px solid #c8962e;border-radius:8px;padding:18px 22px;margin:22px 0 28px}\n.mdl-key ul{margin:0;padding-left:20px}\n.mdl-key li{margin:6px 0}\n.mdl-fig{margin:18px 0 26px;padding:14px;border:1px solid #e7e9ec;border-radius:8px;height:400px !important;}\n.mdl-cards{display:grid;grid-template-columns:repeat(auto-fit,minmax(240px,1fr));gap:16px;margin:16px 0 24px}\n.mdl-card{border:1px solid #e5e7ea;border-top:3px solid #c8962e;border-radius:8px;padding:16px 18px;background:#fcfcfb}\n.mdl-card ul{margin:0;padding-left:18px;font-size:15.5px}\n.mdl-card li{margin:5px 0}\n.mdl-time{border-left:2px solid #d9c9a3;margin:10px 0 22px 8px;padding-left:22px}\n.mdl-item{position:relative;margin:0 0 16px}\n.mdl-item:before{content:\"\";position:absolute;left:-29px;top:6px;width:12px;height:12px;border-radius:50%;background:#c8962e;border:2px solid #fff;box-shadow:0 0 0 1px #d9c9a3}\n.mdl-yr{font-size:13px;font-weight:600;color:#9a6b12;letter-spacing:.4px;text-transform:uppercase}\n.mdl-item p{margin:2px 0 0}\n.mdl-faq details{border:1px solid #e5e7ea;border-radius:8px;margin:0 0 12px;background:#fcfcfb;overflow:hidden}\n.mdl-faq summary{cursor:pointer;list-style:none;padding:14px 46px 14px 18px;position:relative;transition:background .25s ease}\n.mdl-faq summary::-webkit-details-marker{display:none}\n.mdl-faq summary:after{content:\"+\";position:absolute;right:18px;top:50%;transform:translateY(-50%);font-size:22px;color:#9a6b12}\n.mdl-faq details[open] summary:after{content:\"\\2212\"}\n.mdl-faq summary:hover{background:#f7f2e6}\n.mdl-faq details p{padding:0 18px 14px;margin:0;animation:mdlFade .3s ease}\n@keyframes mdlFade{from{opacity:0;transform:translateY(-4px)}to{opacity:1;transform:translateY(0)}}\n@media(max-width:600px){.mdl-wrap{font-size:16px}.mdl-wrap h2{font-size:24px}.mdl-wrap h3{font-size:19px}}\n<\/style>\n\n<div class=\"mdl-wrap\">\n\n<p>AB InBev owns Modelo beer through Grupo Modelo. In the United States, Constellation Brands holds permanent rights to brew, import and sell it.<\/p>\n\n<p>Constellation reported beer net sales of $2.28 billion for the quarter ended May 31, 2026, up 2%.<\/p>\n\n<div class=\"mdl-key\">\n<ul>\n<li>Constellation&#8217;s beer business recorded $8.32 billion in net sales in fiscal 2026.<\/li>\n<li>Constellation shipped 415.4 million case equivalents of beer in fiscal 2026.<\/li>\n<li>AB InBev paid $20.1 billion for the half of Grupo Modelo it did not already own.<\/li>\n<li>Constellation paid $4.75 billion in 2013 for Modelo&#8217;s U.S. business and a Mexican brewery.<\/li>\n<li>AB InBev revenue reached $31.93 billion in the first half of 2026.<\/li>\n<\/ul>\n<\/div>\n\n<h2>Who Owns Modelo Beer Today?<\/h2>\n\n<p>Two companies own Modelo, split by country. AB InBev controls the brand everywhere outside the U.S.<\/p>\n\n<h3>AB InBev and Grupo Modelo in Mexico<\/h3>\n\n<p>AB InBev closed its purchase of Grupo Modelo in June 2013. The Mexico City brewer now runs as an AB InBev unit.<\/p>\n\n<h3>Constellation Brands and U.S. Modelo rights<\/h3>\n\n<p>U.S. regulators made AB InBev sell the American business. Constellation Brands bought those rights forever in June 2013.<\/p>\n\n<p>Constellation brews U.S. Modelo at plants in Mexico and ships it north.<\/p>\n\n<div class=\"mdl-fig\"><canvas id=\"mdlBeer\" height=\"280\"><\/canvas><\/div>\n\n<h3>Largest Shareholders of Modelo Beer&#8217;s Parent, AB InBev<\/h3>\n\n<div class=\"mdl-cards\">\n<div class=\"mdl-card\">\n<h4>Stichting Anheuser-Busch InBev<\/h4>\n<ul>\n<li>Holds 769.3 million shares, or 42.81%.<\/li>\n<li>A Dutch foundation run by eight directors.<\/li>\n<li>BRC and EPS control it equally under a pact that runs to 2034.<\/li>\n<\/ul>\n<\/div>\n<div class=\"mdl-card\">\n<h4>Eug\u00e9nie Patri S\u00e9bastien (EPS)<\/h4>\n<ul>\n<li>Holds 67.3 million shares directly, about 3.75%.<\/li>\n<li>Represents the Belgian families behind Interbrew.<\/li>\n<li>Names four Stichting directors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"mdl-card\">\n<h4>Altria Group<\/h4>\n<ul>\n<li>Holds about 34 million ordinary shares, or 1.89%.<\/li>\n<li>Also owns restricted shares from the 2016 SABMiller deal.<\/li>\n<li>Places two directors on the AB InBev board.<\/li>\n<\/ul>\n<\/div>\n<div class=\"mdl-card\">\n<h4>BRC S.\u00e0 r.l.<\/h4>\n<ul>\n<li>Holds 27.3 million shares directly, about 1.52%.<\/li>\n<li>Controlled by Jorge Paulo Lemann, Carlos Sicupira and Marcel Telles.<\/li>\n<li>Names four Stichting directors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"mdl-card\">\n<h4>Constellation Brands (U.S. rights)<\/h4>\n<ul>\n<li>Owns no AB InBev stock.<\/li>\n<li>Holds perpetual U.S. rights to Modelo, Corona and Pacifico.<\/li>\n<li>Market value of $20.3 billion as of September 18, 2026.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n<h3>Who Is on the Board of Directors for Modelo Owner AB InBev?<\/h3>\n\n<h3>Board chair and independent directors<\/h3>\n<div class=\"mdl-time\">\n<div class=\"mdl-item\"><div class=\"mdl-yr\">June 2026<\/div><p>Dirk Van de Put became chair, replacing Martin J. Barrington. Van de Put has led Mondel\u0113z International since 2017.<\/p><\/div>\n<div class=\"mdl-item\"><div class=\"mdl-yr\">Finance<\/div><p>Aradhana Sarin is chief financial officer of AstraZeneca. M. Michele Burns is a former chief executive of Mercer.<\/p><\/div>\n<div class=\"mdl-item\"><div class=\"mdl-yr\">Marketing<\/div><p>Lynne Biggar spent years as a senior marketing executive at Visa.<\/p><\/div>\n<\/div>\n\n<h3>Directors from the founding shareholder groups<\/h3>\n<div class=\"mdl-time\">\n<div class=\"mdl-item\"><div class=\"mdl-yr\">Belgian families<\/div><p>Gr\u00e9goire de Spoelberch, Alexandre Van Damme and Paul Cornet de Ways Ruart represent the Interbrew families.<\/p><\/div>\n<div class=\"mdl-item\"><div class=\"mdl-yr\">Brazilian investors<\/div><p>Paulo Alberto Lemann represents BRC. Claudio Garcia is a former AB InBev executive.<\/p><\/div>\n<div class=\"mdl-item\"><div class=\"mdl-yr\">Consumer goods<\/div><p>Fabrizio Freda once ran Est\u00e9e Lauder. Miguel Patricio led Kraft Heinz. Sabine Chalmers was AB InBev&#8217;s top lawyer.<\/p><\/div>\n<\/div>\n\n<h3>Directors for restricted shareholders<\/h3>\n<div class=\"mdl-time\">\n<div class=\"mdl-item\"><div class=\"mdl-yr\">Altria<\/div><p>William F. Gifford Jr. and Jennifer Hunter sit on the board for Altria.<\/p><\/div>\n<div class=\"mdl-item\"><div class=\"mdl-yr\">Bevco<\/div><p>Alejandro Santo Domingo represents the Santo Domingo family, a former SABMiller holder.<\/p><\/div>\n<\/div>\n\n<h3>Modelo Beer Origin, Founders and Early Years<\/h3>\n\n<h3>Spanish immigrants open Cervecer\u00eda Modelo<\/h3>\n\n<p>A group of about 25 Spanish immigrants founded Cervecer\u00eda Modelo in 1925. Braulio Iriarte and Mart\u00edn Oyamburu were among them.<\/p>\n\n<p>The brewery opened in Tacuba, then a town on the edge of Mexico City.<\/p>\n\n<h3>First Modelo brands and U.S. entry<\/h3>\n\n<p>Modelo Especial was first bottled in 1925. Negra Modelo and Corona followed in the brewery&#8217;s first few years.<\/p>\n\n<p>Modelo Especial made its official U.S. debut in 1982.<\/p>\n\n<h2>How Did Modelo Beer Get Its Name?<\/h2>\n\n<p>Modelo is Spanish for &#8220;model.&#8221; The founders wanted a model brewery that could match the best in Europe.<\/p>\n\n<p>They brought in German brewing methods and set out to make a model beer for a fast-growing Mexico. The Tacuba plant took the name Cervecer\u00eda Modelo.<\/p>\n\n<p>The flagship lager became Modelo Especial, or &#8220;special model.&#8221; The dark Munich-style lager became Negra Modelo, with negra meaning &#8220;black&#8221; or &#8220;dark.&#8221;<\/p>\n\n<p>The parent group later took the name Grupo Modelo. The brewery&#8217;s crest, with two lions and a crown, still sits on every can and bottle.<\/p>\n\n<h2>Modelo Beer Products and Services<\/h2>\n\n<div class=\"mdl-cards\">\n<div class=\"mdl-card\">\n<h4>Modelo Especial<\/h4>\n<ul>\n<li>Pilsner-style lager at 4.4% ABV.<\/li>\n<li>First brewed in 1925.<\/li>\n<li>Became the top U.S. beer by retail sales in May 2023.<\/li>\n<li>Still the No. 1 U.S. beer brand by dollar sales, per Constellation.<\/li>\n<\/ul>\n<\/div>\n<div class=\"mdl-card\">\n<h4>Negra Modelo<\/h4>\n<ul>\n<li>Munich-style dark lager at 5.4% ABV.<\/li>\n<li>Uses roasted caramel malts.<\/li>\n<\/ul>\n<\/div>\n<div class=\"mdl-card\">\n<h4>Modelo Oro<\/h4>\n<ul>\n<li>Light lager at 4.0% ABV and 90 calories.<\/li>\n<li>Launched in the U.S. in 2023.<\/li>\n<\/ul>\n<\/div>\n<div class=\"mdl-card\">\n<h4>Modelo Chelada line<\/h4>\n<ul>\n<li>Beer mixed with lime, salt, tomato or fruit flavors.<\/li>\n<li>Includes Especial, Lim\u00f3n y Sal and Mango y Chile.<\/li>\n<li>Sold in 24-ounce and 12-ounce cans.<\/li>\n<\/ul>\n<\/div>\n<div class=\"mdl-card\">\n<h4>Modelo Cero<\/h4>\n<ul>\n<li>Alcohol-free Modelo sold by Grupo Modelo.<\/li>\n<li>Led AB InBev&#8217;s no-alcohol growth in Mexico in Q2 2026.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n<h2>Modelo Beer Mission Statement<\/h2>\n\n<p>Modelo does not publish a separate mission statement. Each owner sets the direction in its own market.<\/p>\n\n<p>AB InBev states its purpose as &#8220;We dream big to create a future with more cheers.&#8221; Grupo Modelo follows that line in Mexico and abroad.<\/p>\n\n<p>In the U.S., Constellation markets Modelo around the &#8220;Fighting Spirit.&#8221; The ads focus on people who work hard and keep going.<\/p>\n\n<p>Other drink brands keep ownership simpler. Gallo holds <a href=\"https:\/\/www.quantumrun.com\/consulting\/who-owns-high-noon\/\" rel=\"dofollow\">full family control of High Noon<\/a> with no outside investors.<\/p>\n\n<p>Newer beers raise money in other ways, as <a href=\"https:\/\/www.quantumrun.com\/consulting\/who-owns-garage-beer\/\" rel=\"dofollow\">the Kelce-backed Garage Beer investor group<\/a> shows.<\/p>\n\n<p>Mexico is also a heavy soft drink market, as <a href=\"https:\/\/www.quantumrun.com\/consulting\/coca-cola-statistics\/\" rel=\"dofollow\">Coca-Cola&#8217;s per-capita sales data<\/a> shows.<\/p>\n\n<div class=\"mdl-faq\">\n<h2>FAQ<\/h2>\n\n<details>\n<summary>Modelo beer market cap in 2026<\/summary>\n<p>Modelo has no market cap because it does not trade on its own. Owner AB InBev had a market cap of about $153.1 billion in September 2026. Constellation Brands stood near $20.3 billion.<\/p>\n<\/details>\n\n<details>\n<summary>Who owns Modelo beer?<\/summary>\n<p>AB InBev owns Modelo through Grupo Modelo, which it bought in 2013. Constellation Brands owns the permanent U.S. rights to brew, import, market and sell Modelo.<\/p>\n<\/details>\n\n<details>\n<summary>Is Modelo beer still operational?<\/summary>\n<p>Yes. Grupo Modelo brews Modelo in Mexico for AB InBev. Constellation sells it in the U.S., where Modelo Especial ranked as the top beer brand by dollar sales in fiscal 2026.<\/p>\n<\/details>\n\n<details>\n<summary>What is the net worth of Modelo beer?<\/summary>\n<p>Modelo has no public stand-alone valuation. AB InBev paid $20.1 billion for the rest of Grupo Modelo, and Constellation paid $4.75 billion for the U.S. business in 2013.<\/p>\n<\/details>\n\n<details>\n<summary>Is Modelo beer an American company?<\/summary>\n<p>No. Modelo is a Mexican beer first brewed in Mexico City in 1925. Belgium-based AB InBev owns Grupo Modelo, while U.S. company Constellation Brands holds the American rights.<\/p>\n<\/details>\n\n<\/div>\n\n<\/div>\n\n<script src=\"https:\/\/cdn.jsdelivr.net\/npm\/chart.js@4.4.1\/dist\/chart.umd.min.js\"><\/script>\n<script>\n(function(){\nfunction mdlDraw(){\nif(typeof Chart==='undefined')return;\nvar c=document.getElementById('mdlBeer');\nif(!c)return;\nnew Chart(c.getContext('2d'),{\ntype:'bar',\ndata:{labels:['Fiscal 2024','Fiscal 2025','Fiscal 2026'],datasets:[{label:'Beer net sales ($ billions)',data:[8.16,8.54,8.32],backgroundColor:['#e6d3a8','#d4ae62','#b3831f'],borderRadius:4,maxBarThickness:70}]},\noptions:{responsive:true,plugins:{legend:{display:false},title:{display:true,text:'Constellation Brands beer net sales, $ billions',font:{family:'Inter, Helvetica Neue, Arial, sans-serif',size:14,weight:'600'},color:'#22262b',padding:{bottom:14}},tooltip:{callbacks:{label:function(x){return '$'+x.parsed.y+' billion';}}}},scales:{y:{beginAtZero:true,grid:{color:'#eef0f2'},ticks:{font:{size:12},callback:function(v){return '$'+v+'B';}}},x:{grid:{display:false},ticks:{font:{size:12}}}}}\n});\n}\nif(document.readyState==='complete'){mdlDraw();}else{window.addEventListener('load',mdlDraw);}\n})();\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Who owns Modelo beer? Explore AB InBev&#8217;s ownership of Grupo Modelo, Constellation Brands&#8217; U.S. rights, Modelo&#8217;s history, products, shareholders, financial data, and corporate structure.<\/p>\n","protected":false},"author":1,"featured_media":27742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[244],"tags":[],"class_list":["post-27741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-who-owns"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Who Owns Modelo Beer?<\/title>\n<meta name=\"description\" content=\"Who owns Modelo beer? 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