Constellation Brands Sells SVEDKA

Constellation Brands to sell Svedka vodka to Sazerac as wine and spirits segment struggles
Constellation Brands will sell its Svedka vodka brand to alcoholic beverage company Sazerac in the coming months.
Constellation Brands to Sell Svedka Vodka to Sazerac, Sharpens Focus on Premium Spirits
Constellation acquired Svedka in 2007 when it bought Spirits Marque One LLC for $384 million from Guillaume Cuvelier and Belgium-based Alcofinance SA. Sazerac produces a wide range of spirits, and owns brands including such as Southern Comfort and Fireball.
Constellation Brands Sells Svedka Vodka to Sazerac Amid Declining Sales
Constellation Brands announced on Tuesday that it is selling its Svedka vodka brand to Sazerac for an undisclosed sum. The spirits supplier cited its reasoning for the sale to shift its strategy for its spirits portfolio to focus more on premium brands.
Constellation Brands Agrees to Divest SVEDKA; Continues the Reshaping of Wine & Spirits Portfolio Towards the Higher End
Over 500 of the world’s most extraordinary brands are part of the Sazerac portfolio, including Buffalo Trace Bourbon, Eagle Rare, Weller, The Last Drop Distillers, Fireball Cinnamon Whisky, Southern Comfort, Wheatley Vodka, Meyers’s Rum, White X Cognac, Sazerac de Forge Cognac, Paddy’s Irish Whiskey, and many more.
Constellation Brands selling Svedka vodka to Sazerac
The divestiture comes as the Corona brewer focuses on premium wine and spirits while distancing itself from its less expensive offerings that are seeing a drop in consumption.
Constellation Brands to Divest Vodka Brand Svedka to Sazerac
Constellation Brands said it will divest its Svedka vodka brand to spirits company Sazerac, as it aligns its offerings with changing consumer tastes and growing market sectors. The Victor, N.Y., company behind brands including Corona beers,
Constellation Brands Sells SVEDKA to Focus on Premium
Constellation Brands ( (STZ) ) has issued an update.
Constellation Brands Stock In Focus On Svedka Divestment: Retail Cheers The Deal
Shares of Corona beer-maker Constellation Brands (NYSE: STZ) were in focus Tuesday morning after the firm announced it would divest its Svedka brand to global spirits company Sazerac, lifting retail sentiment.
Constellation Brands to divest SVEDKA vodka brand
Constellation Brands agrees to divest SVEDKA vodka brand to Sazerac, continuing its focus on premium wine and craft spirits in its portfolio.
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