Alternative Search Engine

Corona brewer Constellation is nearing a deal to sell some wine brands to E. & J. Gallo
See More From:   ( Money & Markets > Headlines )

Mar 15, 2019 3:43 PM 1+ week ago

By contrast, its beer business has shown growth, with its Modelo brand over the past five years turning in compound annual growth of more than 20 percent.

Constellation's premium wine lines, which are priced at more than $11 per bottle, are still performing well. Those brands include Kim Crawford, Meiomi and Prisoner. New products like Meiomi Rose and Svedka Blue Raspberry are "exceeding our expectations," said Bill Newlands, who became CEO on March 1, in a recent earning call.

For privately held Gallo, the largest exporter of California wines, the deal could add to its scale

Shares of Constellation, which ...

Read More

Search Builder

(Click to add to search box)
wine brands  corona brewer Constellation  Svedka Blue Raspberry  market value  California wines  Bill Newlands  Meiomi Rose  New products  Modelo brand  Kim Crawford  beer business  constellation Brands  company policies  CEO Rob Sands  Constellation Brands CEO  Gruppo Montenegro E  Gruppo Montenegro GE  corona brewer Constellation  Pinnacle Foods CEO  women Conagra Brands  Corona brewer Constellation  engines unit  wine brands  Conagra Brands  Pinnacle Food  Restaurant Brands  Constellation Brands  Update E  Spirits Stable  

**Content contained on this site is provided on an “as is” basis. 4Internet, LLC makes no commitments regarding the content and does not review it, so don't assume that it's been reviewed. What you see here may not be accurate and should not be relied upon. The content does not necessarily represent the views and opinions of 4Internet, LLC. You use this service and everything you see here at your own risk. Content displayed may be subject to copyright. Content is removed on a case by case basis. To request that content be removed, contact us using the following form: Contact Us.