Constellation Brands rumoured to be selling off US wine brands

23rd October, 2018 by Phoebe French

US-based drinks giant Constellation Brands is reported to be considering the sale of some of its US wine brands, having announced a public offering of US$2.15 billion senior notes yesterday in order to help finance its $4 billion investment in cannabis company Canopy Growth.

As reported by Reuters, “four people familiar with the matter” revealed that the drinks company was considering selling off US wine brands including Clos du Bois, Mark West, Arbor Mist and Cooks.

According to the article published yesterday, this potential deal, which could be worth over $3 billion, is evidence of the firm’s increasing focus on its beer portfolio as well as its significant investment in the cannabis sector.

Reuters’ sources asked to remain anonymous owing to the fact that “no deal….

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One Response to “Constellation Brands rumoured to be selling off US wine brands”

  1. Steve Finn says:

    This move could seriously effect their wine distributors bottom line!

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