Constellation Acquires Empathy Wines to Build Digital & DTC Capabilities

Dear Client:   Constellation Brands announced this morning it has acquired Empathy Wines, a digitally-native wine brand and direct-to-consumer platform, per a release. No financial details were disclosed. Empathy Wines launched just last year as a "vineyard-to-table" wine brand by Gary Vaynerchuk, Jon Troutman and Nate Scherotter. Since the product launched, they've sold about 15,000 cases and acquired more than 2,000 subscription customers to date. The portfolio includes a red, white and rose, that sell for $20 each. As part of the agreement,