Constellation Divests Handful of Wine Brands to The Wine Group

Dear Client:  Ahead of the company's earnings call this morning, Constellation Brands announced it has reached an agreement with The Wine Group to divest a handful of mainstream and premium wine brands, including Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines. No financial details were disclosed. This divestment is part of Constellation's continued efforts to refine its wine and spirits portfolio to focus on premium and fine wine and craft spirits. You'll recall,