![]() 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. “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 & Craft Spirits portfolio. “A key driver of our success has been our relentless focus on consumer preferences, including long-term consumer-led premiumization trends, and remaining agile in our approach to stay ahead of evolving marketplace dynamics,” said Robert Hanson, EVP & President, wine and spirits division. Constellation divested the majority of its popular and mainstream wine and spirits portfolio in 2021 and 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. ![]() This decision builds on the company’s efforts to establish a bold and innovative, higher-end wine and spirits portfolio with distinctive brands and products, delivering exceptional consumer experiences. This transaction is expected to close later today. (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. 06, 2022 (GLOBE NEWSWIRE) - Constellation Brands, Inc. Please enjoy our wines responsibly.Company to Divest a Portion of its Mainstream and Premium Wine Brands to The Wine Group Born from mischief, Cooper and Thief Wine celebrates doing things differently. For a devilishly good taste, keep this red wine blend stored at room temperature, and chill it before serving. The bourbon barrel aging gives this wine soft tannins that deliver a full-bodied and lingering finish in each sip. Bring this red blend along on your next picnic and enjoy it on its own, or stack this rich, bold taste up against lamb or poultry. This dark red wine garners its unique taste thanks to varietals found all across California's prime winegrowing regions. Crafted by Cellarmaster Jeff Kasavan, each taste of this California red wine gives way to aromatic hints of fruit and toasty vanilla. Merlot, syrah, zinfandel, petite sirah and cabernet sauvignon collide in one bourbon barrel to create this dark and jammy wine, which features true bourbon flavor. Please enjoy our wines responsibly.2022 Cooper & Thief Cellarmasters, Acampo, CAĬooper and Thief Bourbon Barrel Aged Red Wine Blend is aged in bourbon whiskey barrels for three months, giving it a velvety mouthfeel with subtle heat. ![]() ![]() ![]() Cooper and Thief Bourbon Barrel Aged Red Wine Blend is aged in bourbon whiskey barrels for three months, giving it a velvety mouthfeel with subtle heat. ![]()
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