GFM Network News


Constellation considering Canadian wine IPO

Reuters — Constellation Brands said on Wednesday it was considering taking a part of its Canadian wine business public and reported better-than-expected quarterly net sales, helped by strong demand for its premium Corona and Modelo beers. Shares of the New York-based wine, beer and spirits company, which forecast full-year profit largely above estimates, rose as

Chipotle shuts for staff food safety meeting

Reuters — U.S. burrito chain Chipotle Mexican Grill shut its stores for four hours on Monday to hold a nationwide staff meeting, where CEO Steve Ells apologized for E. coli and norovirus outbreaks and laid out the company’s recently developed food safety program. Chipotle also said it would spend about $10 million to help local