Constellation Investor Day

Fiscal 2008 was a busy year for Constellation as the company further premiumized its brand portfolio while simultaneously improving price/mix. Brand acquisitions like Svedka and Clos du Bois helped improve the company’s wine and spirits portfolio, in addition to the Almaden and Inglenook divestitures to The Wine Group. Constellation also completed its U.S. wine distributor inventory reduction in fiscal 2008.The word of the day was “premiumization,” which remains one of Constellation’s biggest initiatives. Constellation plans to grow organically, while it