Constellation Battles Debt, Builds Premium Brands

Constellation is mainly concerned with building its premium brands and paying down debt, ceo Rob Sands told listeners at the Morgan Stanley consumer conference today. When asked about the negative effects of recent price increases on Constellation’s wine biz, Rob said everything was business as usual.“We’ve been a leader in taking pricing in the U.S. and it always impacts volume growth. It [pricing] did as we expected.”He said the company believes the impact will diminish over time as competitors start