Constellation’s wine and spirits FY sales drop 6%

US drinks group Constellation Brands reported a 6.4% net sales decline for its wine and spirits business in fiscal 2020. In the year ending 29 February 2020, Constellation Brands’ net sales were up 3% to US$8.34 billion. Net sales of wine and spirits reached US$2.72 billion during fiscal 2020, while wine and spirit sales for the three months ending 29 February 2020 grew 1.2% to US$715.4 million. In the financial update, Constellation Brands released its…

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Constellation to offload 30 brands in $1.7 billion Gallo deal

US drinks firm Constellation Brands has agreed to sell 30 wine and spirits brands to E&J Gallo Winery for US$1.7 billion. The deal includes brands “principally priced” at US$11 RRP or below and mostly relates to Constellation’s wine portfolio. According to the New York-based group, the sale will allow it to hone its premium focus. In a statement, Constellation said Svedka Vodka, Casa Noble Tequila and High West American whiskey remain in its stable. Neither…

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Top spirits marketing campaigns in August

A star-studded month for marketing saw actor Adam Devine named Captain Morgan’s ‘chief party officer’, while Kraken Black Spiced Rum hired The Walking Dead’s Tom Payne for its latest television spot Go to Source Author: Owen Bellwood

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