'We do not comment on rumours and speculation.'
Hiyo will join Töst in Constellation's alcohol-free stable.
Beer brands MD Mallika Monteiro will serve as an interim replacement.
'We continue to face the subdued spend and value-seeking behaviours that emerged … in Q2.'
Constellation "is focused on competing predominantly in premium and fine wine and craft spirits segments".
Those brand owners exporting to the US from Europe will be concerned - those from…
Hermida's two years with Sovos Brands were part of a 28-year career in consumer goods.
From +6% in Q1 to +3% in the three months to the end of August.
The outlook for the group's wine and spirits operations looks bleak for the coming months.
Constellation Brands has recorded an impressive start to its current financial year with sales up…