Reported 1 day ago
Constellation Brands announced the sale of its Svedka vodka brand to Sazerac, aiming to intensify its focus on premium wines and spirits. The company, which acquired Svedka in 2007, is facing challenges in its wine and spirits segment and recently recorded a significant write-down. Despite strong demand for its beer brands like Corona, the broader market for wines and spirits has been lagging.
Source: YAHOO