Constellation Execs Detail Plans for Wine & Spirit Business

Dear Client: Constellation Brands execs covered a lot of ground during its Investor Day meeting yesterday– its first company-wide Investor Day since 2016.  The wine and spirits team delved into the current state of the wine and spirits portfolio transformation, plans to turn around mainstream brands, growth opportunities, and more.  PORTFOLIO RESHAPING "BROADLY FINISHED." Constellation has made a concerted effort in recent years to reshape its wine and spirits portfolio towards the higher end. Indeed, Constellation chief Bill Newlands noted