Constellation sells off wine supremacy
Constellation Brands, headquartered in this Rochester suburb, has announced it is selling 80% of its British and Australian wine operations to a private equity firm in Australia for $230 million. That makes Gallo the world’s largest wine producer.
Constellation Brands continues to own Robert Mondavi wines in California, along with such brands as Svedka vodka and such beers as Corona from Mexico, Tsingtao from China and St. Pauli Girl from Germany.
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Posted by William M. Dowd at 11:31 AM