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Home / Beverage / Constellation divests inexpensive wine brands (access required)

Constellation divests inexpensive wine brands (access required)

In a $1.7 billion deal, Constellation Brands has sold off 30 brands from its wine and spirits portfolio to Modesto, Calif.-based E&J Gallo Winery. Constellation's sale involved low-end brands, typically retailing for less than $11 per bottle. Those wines and their production facilities are based in New York, California and Washington. The company retains its higher-end ...

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