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Constellation Brands Announces New and Expanded Responsibilities for Executives Jim Sabia and Mallika Monteiro

Constellation Brands Announces New and Expanded Responsibilities for Executives Jim Sabia and Mallika Monteiro

VICTOR, N.Y., Feb. 23 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, today announced new and expanded responsibilities for two members of its Executive Management Committee, effective March 1, 2021. Jim Sabia, who has served as Constellation’s Executive Vice President and Chief Marketing Officer since 2018, has assumed the newly [...]

Constellation Brands Recommends Shareholders Reject TRC Capital’s “Mini-Tender Offer”

Constellation Brands Recommends Shareholders Reject TRC Capital’s “Mini-Tender Offer”

VICTOR, N.Y., Feb. 11 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ) (“Constellation”) has been notified of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (“TRC”) to purchase up to 500,000 shares, or approximately 0.29 percent, of Constellation’s outstanding Class A common stock at a price of $210.00 per share in cash. TRC’s unsolicited offer price is approximately [...]

Constellation Brands Completes Series of Transactions to Premiumize Portfolio with Sale of Paul Masson Grande Amber Brandy to Sazerac

Constellation Brands Completes Series of Transactions to Premiumize Portfolio with Sale of Paul Masson Grande Amber Brandy to Sazerac

VICTOR, N.Y., Jan. 12 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has closed its sale of the Paul Masson Grande Amber Brandy brand, related inventory, and interests in certain contracts to Sazerac for approximately $265 million, subject to certain post-closing adjustments. “The closure of [...]

Constellation Brands Reports Third Quarter Fiscal 2021 Results

Constellation Brands Reports Third Quarter Fiscal 2021 Results

VICTOR, N.Y., Jan. 7 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its third quarter fiscal 2021 results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Chief Financial Officer Garth Hankinson on Thursday, [...]

Constellation Brands Announces Full Redemption of 3.75% Senior Notes Due 2021

Constellation Brands Announces Full Redemption of 3.75% Senior Notes Due 2021

VICTOR, N.Y., Jan. 5 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its outstanding 3.75% Senior Notes due 2021 (CUSIP Number: 21036PAK4) (the “notes”) to be effected on February 4, 2021 (the “redemption date”). As [...]

Constellation Brands Completes Wine and Spirits Transactions with E. & J. Gallo to Focus Portfolio on Consumer Premiumization Trends

Constellation Brands Completes Wine and Spirits Transactions with E. & J. Gallo to Focus Portfolio on Consumer Premiumization Trends

VICTOR, N.Y., Jan. 5 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has closed its transaction with E. & J. Gallo Winery to divest a portion of Constellation’s wine and spirits portfolio principally priced at $11 retail and below, including certain related facilities located in [...]

Constellation Brands Receives Clearance From the U.S. Federal Trade Commission to Close Wine and Spirits Transaction with E. & J. Gallo

Constellation Brands Receives Clearance From the U.S. Federal Trade Commission to Close Wine and Spirits Transaction with E. & J. Gallo

VICTOR, N.Y., Dec. 24 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that the U.S. Federal Trade Commission (FTC) has accepted the proposed consent order in connection with its transaction with E. & J. Gallo Winery to divest a portion of Constellation’s wine and spirits portfolio principally [...]

Constellation Brands to Report Third Quarter Fiscal 2021 Financial Results; Host Conference Call January 7, 2021

Constellation Brands to Report Third Quarter Fiscal 2021 Financial Results; Host Conference Call January 7, 2021

VICTOR, N.Y., Dec. 3 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its fiscal third quarter ended November 30, 2020, on Thursday, January 7, 2021, before the open of the U.S. markets. A conference call to discuss the financial results and outlook [...]

Constellation Brands to Present Virtually at the Morgan Stanley Conference on December 2, 2020

Constellation Brands to Present Virtually at the Morgan Stanley Conference on December 2, 2020

VICTOR, N.Y., Nov. 17 (Korea Bizwire) –  Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Garth Hankinson, chief financial officer, will present virtually at the 2020 Morgan Stanley Conference on Wednesday, December 2, 2020. The presentation is scheduled to begin at 1:00 p.m. ET and is expected to [...]

Constellation Brands and E. & J. Gallo Sign Agreement with Federal Trade Commission Staff Relating to Consent Order on Pending Transaction; Constellation Provides Business Update for Fiscal 2021

Constellation Brands and E. & J. Gallo Sign Agreement with Federal Trade Commission Staff Relating to Consent Order on Pending Transaction; Constellation Provides Business Update for Fiscal 2021

VICTOR, N.Y., Nov. 9 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it and E. & J. Gallo Winery have signed an Agreement Containing Consent Order with the Bureau of Competition of the U.S. Federal Trade Commission (FTC) regarding Gallo’s pending acquisition of a portion of [...]