Constellation Brands divests mainstream wine brands, focuses on higher-end products

From GlobeNewswire: 2025-04-09 16:30:00

Constellation Brands has signed an agreement to divest mainstream wine brands and facilities from its portfolio, while retaining iconic, higher-end brands. The retained portfolio includes award-winning wines priced at $15 and above, such as Kim Crawford and Robert Mondavi. This move aligns with the company’s strategy to focus on higher-growth segments and channels. The transaction with The Wine Group is expected to close following the first quarter of fiscal year 2026. Constellation Brands aims to optimize performance and drive growth, with anticipated cost savings of over $200 million by fiscal year 2028.



Read more at GlobeNewswire: Constellation Brands Repositions Wine and Spirits Business