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The Financial Penalty Wineries Now Pay for Climate Change: There is a hidden cost of climate change to wine producers and the Australian wine industry had a small taste of it in the lead up to Christmas, from rising insurance premiums to cancelled winery tours...
Gallo-Constellation Planned Wine, Spirits Deal Now $1.1B After Trimming Brands: E. & J. Gallo Winery and Constellation Brands Inc., two of the largest wine producers in the world, on Thursday said they are trimming their $1.7 billion deal for lower-priced Constellation wines announced earlier this year, after regulator concerns about the transaction...
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."