Image Source: AsiaOne
Constellation Brands Further Refines Wine and Spirits Portfolio as Part of Ongoing Efforts to Inflect Business Toward the Higher-EndCompany to Divest a Portion of its Mainstream and Premium Wine Brands to The Wine GroupGlobeNewswireOctober 06, 2022VICTOR, N.Y. and SAN FRANCISCO, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has reached an agreement with The Wine Group to divest a portion of its mainstream and premium wine portfolio, including Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines. This transaction is expected to close later today.
Source: AsiaOne