Constellation Takes Stake in DTC-Focused Booker Vineyard

Dear Client:Constellation Brands announced today it has acquired a minority stake in Paso Robles-based Booker Vineyard, a super-luxury, direct-to-consumer focused portfolio, fitting into Constellation's wine and spirits strategy to focus on high-end and enhanced DTC capabilities. The agreement allows the potential for majority ownership in the future. No financial details were disclosed. Booker Vineyard released its first vintage in 2005 and since has established itself as a producer of luxury Rhone varietals, with wines priced $30 to $165. Their portfolio includes