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Constellation Brands and E. & J. Gallo Agree to Revise Wine and Spirits Agreement in Connection With Federal Trade Commission Review

VICTOR, N.Y., Dec. 12 (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 agreed to revise their original transaction to divest a portion of Constellation’s wine and spirits portfolio principally priced at $11 retail and below, including related facilities located in California, New York, and Washington. [...]

Wine Consumption Moves Downmarket as Economy Worsens

SEOUL, Oct. 14 (Korea Bizwire) — More consumers are buying low-priced wine that costs less than 10,000 won (US$8.43) per bottle amid the current economic downturn. E-Mart Inc., South Korea’s largest discount store chain operator, reported on Sunday that sales of low-priced wine accounted for 19.7 percent of all wine sales between January and September, [...]

Woodbridge by Robert Mondavi Partners with Professional Football Teams

LODI, Calif., Aug. 28 (Korea Bizwire) — Woodbridge by Robert Mondavi, the number-three glass wine brand in the United States* with a forty-year history of making quality California wine accessible to all, announces today a new partnership with three major teams in professional football: the Los Angeles Rams, Chicago Bears, and New York Giants. The [...]

Kim Crawford Introduces New “Make It Amazing” Marketing Campaign

MARLBOROUGH, New Zealand, Jun. 26 (GLOBE NEWSWIRE) — Kim Crawford, the number-one Sauvignon Blanci and leading New Zealand wine brandii in the U.S., announces the launch of its new national marketing campaign. “Make It Amazing” celebrates the confidence Kim Crawford gives consumers by overdelivering on quality, taste and value; and brings consumers’ strong brand loyalty [...]

Woodbridge by Robert Mondavi Announces New Transformative Brand Positioning

LODI, Calif., Jun. 24 (Korea Bizwire) — Woodbridge by Robert Mondavi, the number-three wine brand in the United States* with 40 years of history dedicated to raising the standard for everyday wines in America and globally, announces a new milestone with the launch of its new national brand campaign. The “From One For All” campaign [...]

Constellation Brands Repositions Wine and Spirits Business to Accelerate Growth and Increase Shareholder Value

VICTOR, N.Y., Apr. 3 (Korea Bizwire) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has signed an agreement with E. & J. Gallo Winery to divest approximately 30 brands from its wine and spirits portfolio principally priced at $11 retail and below, and related facilities located [...]

Yeongdon Oak Barrel Workshop Ramps Up Mass Production

YEONGDONG, Mar. 15 (Korea Bizwire) — In Yeongdong County, North Chungcheong Province, where the country’s only grape and wine industry special zone is located, Korean oak barrels are being manufactured in large quantities for the production of alcoholic beverages. According to Yeongdong County on Thursday, the Yeongdong Oak Barrel Workshop produces oak barrels sized 5-liter [...]

New Korean Drinking Habit: Moderation

SEOUL, Jan. 21 (Korea Bizwire) — According to a survey conducted by the Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries & Food Trade Corp., the average frequency of drinking for mainstream consumers was 8.8 days a month, which was the same as the previous year. The survey was conducted with the [...]

Affordable Convenience Store Wine Gaining Popularity

SEOUL, Jan. 4 (Korea Bizwire) — It has been reported that convenience store wine is gaining popularity among men in their 30s. The wine is cost effective, with bottles selling for as little as 10,000 won ($8.87). Sales data from GS25, a convenience store operated by GS Retail Co., offers additional confirmation. Of all the [...]