All Eyes on Constellation Chief Rob Sands

Dear Client: "We accomplished a great deal in fiscal 2010," chief Rob Sands said this morning when announcing the company's fiscal results. They're not kidding. Constellation sold its value spirits business and "successfully" integrated the remaining spirits brands into their North American wine unit. But their biggest initiative, as you know, was consolidating distributors. They gave "5 distributors the right to sell Constellation in 22 states," which represents 60% of Constellation's total US wine volume. Each of those distribution companies