ROCHESTER, N.Y., June 02, 2025 - Constellation Brands $(STZ)$, a leading beverage alcohol company, has officially closed its transaction with The Wine Group. This deal involves the divestiture of primarily mainstream wine brands such as Woodbridge, Meiomi, and Robert Mondavi Private Selection, along with associated inventory, facilities, and vineyards. The move is part of Constellation's strategy to focus on higher-growth, higher-margin brands predominantly priced at $15 and above. The company's fiscal outlook for the years 2026 through 2028 remains unchanged following this transaction.
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