top of page

The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

FoodBev Media Logo
Access more as a FoodBev subscriber

Sign up to FoodBev and unlock more insights from the international food and beverage industry. Subscribers have access to webinars, newsletters, publications and more...

Domino September - Website Banner - GS1 - 300x250.gif
Constellation Brands divests portion of its portfolio to The Wine Group
Gwen Jones

Gwen Jones

10 October 2022

Constellation Brands divests portion of its portfolio to The Wine Group

Constellation Brands has announced the sale of a portion of its mainstream and premium wine portfolio to The Wine Group. Among the labels included in the deal are: Cooper & Thief, Crafters Union, The Dreaming Tree and Monkey Bay. The decision forms part of the company’s portfolio premiumisation efforts and follows the sale of 30 wine brands to E & J Gallo. Constellation says that it is “focused on competing predominantly in premium and fine wine and craft spirits segments, while continuing to invest in the growth of its remaining strategic mainstream wine and spirits assets”. Robert Hanson, EVP and president of Constellation Brands’ wine and spirits division, commented: “A key driver of our success has been our relentless focus on consumer preferences, including long-term consumer-led premiumisation trends, and remaining agile in our approach to stay ahead of evolving marketplace dynamics”. Hanson added: “Over the past three years, we reshaped ourselves into a higher-end wine and spirits division with intentional, strategic mainstream plays and are moving our business towards becoming a leading global premium/fine wine and craft spirits portfolio. This transaction will enable us to focus and shift our portfolio towards the higher end, positioning ourselves to continue delivering industry-leading growth and shareholder value with the right portfolio for our ambitions.” Terms of the deal have not been disclosed.

Related posts
bottom of page