Tag: Constellation Brands

Constellation brands offloads wine brands to E&J Gallo as it shifts focus to ‘consumer-driven premiumisation trends’

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US – American producer and marketer of beer, wine, and spirits Constellation Brands has completed the divestment of more than 30 wine brands to E & J Gallo Winery, nearly two years after the deal was first announced. FoodBev reported that the announcement of the deal closure follows approval by the US Federal Trade Commission on 23 December 2020. Following the deal, Constellation says it is looking to focus on consumer-driven premiumisation trends, with its remaining portfolio including brands such as Unshackled, High West barrel finished cocktails, Kim Crawford and…

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Constellation’s Victoria beer selected to be official beer of SummerSlam

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USA – Constellation Brands and World Wrestling Entertainment (WWE) have signed a new multi-platform partnership that names Constellation’s Victoria beer the ‘Official Beer of SummerSlam’, one of WWE’s most-anticipated events of the year. Two other Constellation beer brands, Corona and Modelo, will also form a key part of the agreement, which includes multimedia elements encompassing various WWE events and touchpoints. Victoria will activate across a wide range of WWE platforms including a match sponsorship within the SummerSlam event and a segment sponsorship within the SummerSlam Kickoff Show. Leading into SummerSlam,…

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Constellation Brands acquires brandy distillery company Copper & Kings American

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USA – Constellation Brands, Inc., a leading beverage alcohol company, has announced that it has acquired the Copper & Kings American Brandy Company, a brandy distillery in Kentucky. This move aligns with Constellation’s wine and spirits vision to be a bold and innovative, high-end portfolio of distinctive brands and products that deliver exceptional consumer experiences. Terms of the agreement were not disclosed. “As an innovative distillery regarded for its experimental attitude and highly rated craft spirits, Copper & Kings American Brandy represents a significant growth opportunity for us and reinforces…

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Constellation Brands invest in Kerr Cellars’ winery as part of its US$100m women targeted initiative

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USA – Constellation Brands, a beverage alcohol Constcompany, has announced that it has acquired a minority stake in Kerr Cellars’ super-luxury portfolio of Napa Valley and Sonoma County, California wines. Constellation made the investment as part of its Focus on Female Founders programme, a US$100 million initiative which it unveiled in 2018. According to a statement by Constellation, Kerr Cellars will continue to be independently-owned and managed. The business was founded in 2013 by US golfer Cristie Kerr in partnership with consultant winemaker Helen Keplinger. “I have always believed that the key to success…

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Constellation Brands acquires minority stake in direct-to-consumer Booker Vineyard

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USA – Constellation Brands, a producer and marketer of beer, wine and spirits, has purchased a minority stake in Booker Vineyard for an undisclosed sum, in an agreement which it claims offers potential for majority ownership in the future.  The deal will see Constellation invest in Booker Vineyard’s premium direct-to-consumer (DTC) focused portfolio of Paso Robles, California wines, reports FoodBev. As part of the agreement, Constellation will also support Booker Vineyard in expanding the distribution for its wholesale, Cabernet Sauvignon-based My Favorite Neighbor and Harvey & Harriet wines, in the US. The…

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Constellation Brands to acquire Empathy Wines to leverage on its consumer insights and analytics

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USA – Constellation Brands, leading beverage alcohol company, has announced it is acquiring wine brand and direct-to-consumer (DTC) platform, Empathy Wines less than a year after it was founded. Co-founded by media personality Gary Vaynerchuk and business partners Jon Troutman and Nate Scherotter, Empathy Wines sells its offering through its e-commerce platform. Constellation says the brand has sold approximately 15,000 cases and acquired more than 2,000 subscription customers since its initial product launch in 2019. Under the acquisition deal, Constellation will work with the Empathy Wines team to scale the…

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Constellation Brands to sell wine & spirits brands for US$355m

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USA – Constellation Brands has signed two agreements with Sazerac Company, one of America’s oldest privately held distillers, and E. & J. Gallo Winery to divest a portion of its alcoholic beverage portfolio in transactions valued at approximately US$355 million. As part of the company’s wine & spirits transformation, Constellation has agreed to sell its Paul Masson Grande Amber Brandy brand, related inventory and interests in certain contracts to Sazerac Company for about US$255 million. The beverage alcohol company said that the deal, which is subject to certain purchase price…

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Constellation Brands further revises wine and spirits divestment deal to US$1.03bn

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USA – Constellation Brands and E. & J. Gallo Winery have further reviewed their original transaction to divest a portion of Constellation’s wine and spirits portfolio from US$1.1 billion announced in the December 2019 revised agreement to US$1.03 billion. The initial deal, which included Constellation selling some wine and spirits from its portfolio principally priced at US$11 retail and below, including related facilities located in California, New York, and Washington to E. & J. Gallo Winery, was announced in April 2019 and was pegged at US$1.7 billion. However, in connection…

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Constellation Brands acquires additional stake in Canopy Growth for US$177.2m

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USA – Constellation Brands, a leading beverage alcohol company, has acquired an additional 5.1% stake in Canadian CDB-infused beverage company, Canopy Growth Corporation for C$245 million (US$177.22 million). As a result of the acquisition of new common shares, which was made through Greenstar Canada Investment Limited Partnership, an indirect, wholly-owned subsidiary of Constellation Brands, the company now owns 38.6% stake in Canopy Growth. The Corona beer brand owner said that the additional investment in Canopy Growth further reinforces its confidence in the CBD-infused beverage company’s ability to win long-tern in…

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Constellation Brands takes minority stake in Press Premium Alcohol Seltzer

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USA – Constellation Brands, through its investment initiative, Focus on Female Founders program has acquired a minority stake in Wisconsin-based Press Premium Alcohol Seltzer. Focus on Female Founders is a program initiated by the company’s corporate venture capital group, Constellation Brands Ventures (CBV), that has committed to supporting the advancement of women within the alcoholic beverage industry. Through the program, Constellation seeks to make meaningful investments in female-founded and female-led businesses doing disruptive and innovative work across beverage alcohol and adjacent categories. As an independent, woman-led and co-owned brand made…

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