Dear Client: Yesterday's BBD, we summed A-B's branch strategy. In a nutshell, "A-B believes it has a distributor focus problem, and by owning more distributorships they can not only enhance their margins (because they realize both the brewery and distributor margins combined), but they can also give Constellation and craft brands the boot or at least reduce focus on them," we wrote, and asked for reader responses. Boy did we get them. Most agreed with the above assessment, as well
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