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 (STZ) has reached an agreement with global spirits company Sazerac, to divest its SVEDKA brand. This transaction is expected to close in the coming months.The decision builds ...
Constellation has agreed to sell its Paul Masson Grande Amber Brandy to Sazerac in a deal worth $255 million. According to Impact Databank, Paul Masson was up 1.5% to 2 million cases in the U.S.
Constellation Brands is divesting the vodka brand as part of its efforts to focus on higher end wine and spirits.
Constellation Brands has said the it plans to sell its Svedka vodka to New Orleans-based drinks group Sazerac.
BALTIMORE, November 01, 2024--The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.3525 per share on Constellation’s common stock.
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