Constellation Brings “Craft & Specialty Efforts to a Close,” Selling Craft Brands Back to Founders

Dear Client: We’ve come a long way from Constellation’s storied $1 billion purchase of Ballast Point almost 10 years ago.  The company wrote distributors this afternoon with news of the “strategic decision” to bring their “dedicated Craft & Specialty efforts to a close and transition our remaining brands from the portfolio” through several key changes, as noted below.  It's not a total surprise, as Constellation hasn't said terribly much about these brands in the post-COVID era. And during Constellation's last