Tag: Constellation Brands
Afternoon Brief, May 21
E & J Gallo-Constellation Transaction May Not Close Until Second Half: The $1.7 billion deal between Constellation Brands and E&J Gallo Winery may not be completed until the second half of calendar year 2019 instead of by the end of May, according to regulatory documents...
Afternoon Brief, May 8
Walla Walla Prison Project Nears Start Date - The co-owner of Walla Walla Vineyard Management told the drinks business that after final approval was granted, he intended to plant two hectares of Cabernet Sauvignon, Syrah and Malbec on a southeastern block of the prisons land in March 2020 ...
Afternoon Brief, April 26
‘End of an Era’: Sonoma’s Ravenswood Tasting Room to Close: Longtime winemaker and founder of Ravenswood Winery Joel Peterson was packing up his office at Ravenswood when reached by phone on Thursday. He confirmed that rumors were true - the winerys Gehricke Road tasting room would be closing its doors next month after almost 30 years ...
Afternoon Brief, April 8
Is Gallo Saving the Wine Industry? - Last week, E. & J. Gallo and Constellation Brands closed the deal for Gallo to purchase 30 of Constellations lower-end wine brands for $1.7 Billion ...
Is Gallo Saving the Wine Industry?
Betting on high-margin and high-growth sounds like a winning strategy, and Constellation’s stock rose on the morning after the announcement. But if Constellation was so eager to get rid of these brands, and consumer trends point toward premiumization, why would Gallo want to buy them?
Afternoon Brief, April 5
How Jackson Family Wines’ Top Brass in Oregon Is Shaping the Willamette Valley’s Future: With Eugenia Keegan at the helm in Oregon, JFW is guiding the valley's evolution into an elite, luxury region. In return, the valley is doing the same for JFW...
Afternoon Brief, April 4
Constellation Sells Budget Wine Brands to Gallo: In January, wine economist Mike Veseth told a crowd of winegrape growers and winery executives in Sacramento that if you want to know the future of the industry, follow Constellation Brands...
Afternoon Brief, March 26
New Collective Brings Applied Research, Collaboration to Winemaking Community: Winemakers have been long been among the original experimenters; that is, those willing to employ trial and error methodologies and information gleaned from other colleagues to continually improve their vintages ...
Afternoon Brief, March 25
Vineyard Lawsuit a Test for Napa: What is To Kalon? Is it a vineyard, or a fanciful name like The Prisoner? A 2003 lawsuit settlement led to an equivocal decision: it's both.
Afternoon Brief, March 18
Constellation Brands May Sell Cheap Wine Brands to Gallo: Constellation Brands may sell off some of its lower-end wine brands to Gallo Winery, according to CNBC. The report comes after Constellation said last month that it may sell up to 40% of its wine brands because they are underperforming...
Afternoon Brief, March 15
Big Vintners Face Challenges as Market Growth Slows: Shifting market conditions mean the wine industry needs to meet consumers where they're at, according to the latest data from market research firm Gomberg, Fredrikson & Associates...
Afternoon Brief, March 12
The Maddening Business of Marketing to Millennials: "I do think Bordeaux is potentially losing a generation," argues NYC-based sommelier Cedric Nicaise. "The wines are expensive, seen as 'old' by many younger people and are not cool ...
Afternoon Brief, February 22
Roederer Buys Sonoma's Merry Edwards Winery: The Louis Roederer Champagne house has purchased Russian River Valley Pinot Noir specialist Merry Edwards Winery. The deal includes the brand and its inventory, as well as the winery and tasting room in Sebastopol and 79 acres spread over six vineyards...
Afternoon Brief, February 21
Constellation Brands to Discontinue 40% of Wine & Spirits Portfolio: This week at the Consumer Analyst Group of New York (CAGNY) Conference, Constellation Brands said that they expected to sell or discontinue up to 40% of their wine and spirits portfolio. Bill Newlands, president and COO, looked to reassure investors that the "best is yet to come."
