Corona beer maker Constellation Brands Inc is in advanced talks to sell some of ...
Corona beers are pictured at a BevMo! store ahead of Constellation Brands Inc company results in Pasadena, California U.S., October 4, 2016. REUTERS/Mario Anzuoni
In early February, Constellations said it was looking to sell some of its lower-end wine brands, as it doubles down on more profitable high-end segment and shift towards beer and cannabis products that target a younger demographic. Constellation said it doesn’t respond to rumors or speculations. However, the company added it is considering a variety of options to grow its wine portfolio and profitability.Reuters, citing sources, first reported in October last year that the Modelo beer maker was looking to sell some of its U.S.-based wine brands such as Clos du Bois, Mark West and Arbor Mist in a deal that could be worth more than $3 billion.
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Corona brewer Constellation is nearing a deal to sell some wine brands to E. & J. GalloConstellation Brands is in advanced talks to sell its some of its low-end wine brands to E. & J. Gallo Winery, people familiar with the situation tell CNBC.
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Corona brewer Constellation is nearing a deal to sell some wine brands to E. & J. GalloConstellation Brands is in advanced talks to sell its some of its low-end wine brands to E. & J. Gallo Winery, people familiar with the situation tell CNBC.
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