Constellation Makes Its Case

In a wide-ranging presentation to analysts at the Goldman Sachs consumer goods conference, Constellation Brands' chief Rob Sands painted a pretty good picture for premium wine and spirits, which happens to be the sandbox in which Constellation plays. Summarizing their strategy in one sentence, Rob said: “The foundation of our strategy is based on generating growth from sources that create returns above our cost of capital, whether it comes from our existing portfolio, the introduction of new products, or through