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.
The company's CEO said that its IT systems have been affected since the ransomware attack earlier this year, which coincided ...
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 Brands has said the it plans to sell its Svedka vodka to New Orleans-based drinks group Sazerac.
Constellation Brands is divesting the vodka brand as part of its efforts to focus on higher end wine and spirits.
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