Report: Constellation Exploring Sale of Wine Business

Dear Client:Even more news out of Constellation Brands. Citing four sources, Reuters is reporting that Constellation is looking to sell some of its U.S.-based wine brands, in a deal that could be worth more than $3 billion."Constellation's review of its wine portfolio underscores the family-controlled company's gradual shift to beer and cannabis products that target a younger demographic," says Reuters.Among the wine brands that Constellation is considering selling are Clos du Bois, Mark West, Arbor Mist and Cooks, so the