*By Conor White* A gender gap persists in most industries, but among the most glaring examples of the disparity can be found in beverage manufacturing ー a business in which men make up roughly 80 percent of executives. In order to close that gap, Constellation Brands ($STZ) has announced it will invest in female-founded beverage companies, beginning with Austin Cocktails and Vivify Beverages. "We're excited to invest $100 million over the next ten 10 years in disruptive and innovative business in our space," said Mallika Monteiro, Constellation's chief growth officer. "Women are the fastest-growing set of entrepreneurs in the U.S. today," Monteiro told Cheddar in an interview Friday. "Yet 2 percent \[in 2017\] of investor funding went to female-led businesses." Constellation is hoping to shift that number ー but Monteiro said the company's efforts will go beyond a simple infusion of capital. "We're bringing them into our network of expertise," Monteiro said. "Whether that is the network of relationships we have with our distributor partners, with our supply chain partners, and logistical partners." For Monteiro, the decision was ultimately an easy one. "This is an opportunity for us to double down on our commitment of diversity and inclusion," she said. For full interview [click here](https://cheddar.com/videos/corona-maker-constellation-wants-women-to-disrupt-the-alcohol-industry).

Share:
More In Business
How Options Traders Can Prepare for Volatility
Cheddar News' Courtney Sturgeon reports from the Cboe floor with Russell Rhoads, Associate Clinical Professor at Kelley School of Business to break down why option traders should pay close attention to the FOMC meeting on Wednesday and monthly payrolls being released on Friday.
Lawmakers Call on SEC to Assess Shein Supply Chain Before IPO
A bipartisan group of two dozen lawmakers is asking the Securities and Exchange Commission to put the brakes on an initial public offering by Chinese fast fashion retailer Shein until it verifies it does not use forced labor from the country’s predominantly Muslim Uyghur population.
Load More