Constellation’s Bob Ryder Talks Wine, Spirits and Beer

Dear Client:The big focus for Constellation continues to be growing its premium portfolio, paying down debt and improving organic growth – so don’t expect any major acquisitions anytime soon. CFO Bob Ryder told listeners at the Barclay’s Back to School consumer conference that acquisitions are not “top of our priority.” “We’re doing more dispositions than acquisitions and we’ve paid down a boatload of debt that I think all of you are very happy about...We have a lot of opportunity to