It might seem out of step for a company that’s winning the beverage and culture wars to be in need of an activist-let alone a hard-charging one like Elliott, Carleton English writes in this week’s edition of Barron’s. But even though Constellation’s (STZ) Modelo Especial supplanted Anheuser-Busch InBev (BUD) Bud Light as the nation’s top beer after a series of InBev marketing missteps, Constellation itself hasn’t been error-free.
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