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Constellation Brands and E. & J. Gallo Further Revise Wine and Spirits Agreement in Connection with Federal Trade Commission Review Process

VICTOR, N.Y., May 28 (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 further revised their original transaction to divest a portion of Constellation’s wine and spirits portfolio principally priced at $11 retail and below, including certain related facilities [...]

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 [...]

Wineries Welcome Revision to Mail Order Sales Law

YEONGDONG, Aug. 4 (Korea Bizwire) – Wineries in Yeongdong County are delighted with a recent move by the National Tax Service (NTS) to revise the current law on mail order sales of liquor. Yeongdong is Korea’s largest producer of wine, home to around 1,800 hectares of vineyard and some 40 wineries, but sales faced limitations [...]