Constellation Brands Repositions Wine and Spirits Business to a Portfolio of Exclusively Higher-Growth, Higher-Margin Brands Aligned to Consumer-Led Premiumization Trends

  • Signs agreement with The Wine Group to divest1 primarily mainstream wine brands and related facilities from its wine and spirits portfolio
  • Retained portfolio for Constellation includes a collection of award-winning, iconic brands, predominantly priced $15 and above and in growing segments and channels

ROCHESTER, N.Y., April 09, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that it has signed an agreement with The Wine Group to divest primarily mainstream wine brands and related vineyards and facilities from its wine portfolio. The transaction is subject to the satisfaction of certain closing conditions, including the receipt of regulatory approval, and is expected to close immediately following the end of Constellation’s first quarter of its fiscal year 2026.

Constellation’s retained wine portfolio will consist of a collection of highly regarded wines from top regions around the world, predominantly priced $15 and above. This includes iconic Napa Valley brands Robert Mondavi Winery, Schrader, Double Diamond, To Kalon Vineyard Company, Mount Veeder Winery, and The Prisoner Wine Company; the My Favorite Neighbor family of wine brands from Paso Robles; Kim Crawford from New Zealand—producer of the #1 Sauvignon Blanc in the U.S.2; acclaimed Tuscan producer Ruffino Estates and Ruffino Prosecco; sought-after gems like Sea Smoke from Santa Barbara’s Santa Rita Hills AVA, Lingua Franca from Oregon’s Willamette Valley, and more. This outstanding collection is complemented by Constellation’s award-winning craft spirits portfolio including High West whiskey, Nelson’s Green Brier whiskey, Mi CAMPO tequila, Casa Noble tequila, and others.

“This transaction reflects our multi-year strategy to reconfigure our business, resulting in a portfolio of higher-end wine and craft spirits brands that are aligned to evolving consumer preferences and help bolster our competitive position,” said Bill Newlands, President and CEO, Constellation Brands. “Concentrating our wine and spirits portfolio in higher-growth segments remains an important element of our overall business strategy and complements our higher-end beer portfolio, aiming to ensure we continue to participate in more consumer occasions across beer, wine, and spirits.”

Brands to be divested to The Wine Group include Woodbridge, Meiomi, Robert Mondavi Private Selection, Cook’s, SIMI, and J. Rogét sparkling wine, along with associated inventory, facilities, and vineyards.

In preparing to manage a more focused wine and spirits business following the anticipated close of the transaction, and to help ensure the company’s enterprise-wide structure, resources, and investments are aligned to help optimize the performance of the business and drive accelerated growth, the company is undergoing a review of its organizational structuring. This review is anticipated to deliver net annualized cost savings in excess of $200 million by fiscal year 2028. The company expects the majority of this work to be completed within its fiscal year 2026.

Additional commentary and financial information related to the transaction will be included as part of Constellation Brands fiscal year and fourth quarter 2025 earnings release and financial tables, as well as other supporting materials, posted on Wednesday, April 9, 2025, after the close of the U.S. markets on the company’s investor relations website at ir.cbrands.com.

1 We entered into a definitive agreement to fully divest and, in certain instances, exclusively license the trademarks of a portion of our wine and spirits business, primarily centered around our remaining mainstream wine brands and associated inventory, wineries, vineyards, offices, and facilities
2 #1 in dollar sales, Circana, total U.S. Multi-Outlet + Convenience, 52 weeks ended March 23, 2025

ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford.

As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on X, Instagram, and LinkedIn.

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans, and objectives of management, including related to the repositioning of Constellation’s wine and spirits business, the anticipated closing of the transaction, the satisfaction of certain closing conditions including receipt of regulatory approval, the expected timetable for closing the transaction, Constellation’s efforts to align with evolving consumer preferences, bolster its competitive position, optimize performance, and drive accelerated growth, the outcome of the organizational structuring review, including the timing and amounts associated with anticipated net annualized cost savings, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements.

The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that any of the events anticipated by the forward-looking statements will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including the completion of the transaction on the expected terms, conditions, and timetable, regulatory requirements, the outcome of the organizational structuring review, the actual amount of net annualized cost savings achieved, the accuracy of all projections, and other factors and uncertainties disclosed from time-to-time in Constellation Brands’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 29, 2024 and its Quarterly Report on Form 10-Q for the fiscal quarter ended November 30, 2024, which could cause actual future performance to differ from current expectations.

MEDIA CONTACTSINVESTOR RELATIONS CONTACTS
Amy Martin 585-678-7141 / amy.martin@cbrands.com
Carissa Guzski 315-525-7362 / carissa.guzski@cbrands.com
Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com
Snehal Shah 847-385-4940 / snehal.shah@cbrands.com
David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com
  

A downloadable PDF copy of this news release can be found here http://ml.globenewswire.com/Resource/Download/643f005d-7013-42f5-b4d3-b7547a3538da


Constellation Brands Repositions Wine and Spirits Business to a Portfolio of Exclusively Higher-Growth, Higher-Margin Brands Aligned to Consumer-Led Premiumization Trends


THỦ THUẬT HAY

Cài đặt lại Google Chrome chỉ với vài phút

Google Chrome hoạt động không tốt? Có rất nhiều thủ phạm gây ra vấn đề này, có thể là lỗi kết nối internet hoặc máy bị nhiễm virút. Việc sửa chữa Chrome khá dễ dàng nếu phần mềm hoạt động không tốt; nếu mọi chuyện quá

Ứng dụng Butter Camera (Huang You 黄油相机). App Trung chỉnh ảnh chuyên nghiệp

Ứng dụng Huang you (黄油 相机) hay còn gọi là Butter Camera được biết đến là một ứng dụng chỉnh ảnh mới nổi gần đây. Ứng dụng mang đến cho người dùng nhiều kiểu chỉnh sửa ảnh kiểu Trung quốc như các sticker chữ Trung,

Cách chụp ảnh từ xa trên iPhone cực kì nhanh chóng và chuẩn xác chỉ với một câu lệnh

Trên hệ điều hành iOS, không đơn thuần việc chụp ảnh chỉ dùng theo cách truyền thống là chụp bằng biểu tượng chụp ảnh, người dùng còn có thể chụp ảnh bằng những cách khác mà không phải ai cũng biết.

Cách kích hoạt chế độ Không theo dõi (Do Not Track) trên một số trình duyệt web phổ biến

Nhằm hạn chế tối đa khả năng bị theo dõi và thu thập dữ liệu trong quá trình sử dụng internet để phục vụ cho mục đích thương mại hóa như quảng cáo hay điều hướng nội dung từ những nhà cung

Cách ngăn video tự động phát trong Microsoft Edge

Khi duyệt web với Microsoft Edge trên Windows 11, các tệp media nhúng trong các trang web sẽ tự động phát. Nhưng nếu không thích tính năng này, bạn có thể giới hạn hoặc tắt hoàn toàn nếu muốn.

ĐÁNH GIÁ NHANH

Đánh giá iPhone 4s sau 5 năm sử dụng: Cũ nhưng có kĩ?

iPhone 4s là một chiến binh mạnh của Apple trong thời kì đầu của smartphone, và sau 5 năm sử dụng liệu rằng chiếc điện thoại này có còn mang lại...

Trên tay Seagate Backup Plus Hub giá 6.5 triệu cho bản 6TB

Về kích cỡ thì Backup Plus Hub không khác biệt so với các ổ cứng 3.5” gắn ngoài thông thường, có chẳng là nó sẽ hơi dài hơn một chút ở mặt trước, nhưng vẫn rất gọn gàng và không đáng kể.

Trên tay Garmin Vivo Sport: Nhẹ, đeo như không đeo, GPS nhịp tim đầy đủ, màn hình màu

Nhìn vào tên của một sản phẩm Garmin bạn sẽ biết nó thuộc dòng nào, dòng Vivo là các vòng tay giá khá mềm với thiết kế tròn truyền thống dùng để tập thể thao. Nhà Vivo vừa có một thành viên mới - Vivo Sport.