*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
Is U.S. Restaurants’ Breakfast Boom Contributing to High Egg Prices?
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
Trump Administration Shutters Consumer Protection Agency
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
Load More