Afternoon Brief: Constellation Brands Repositions Wine and Spirits Business to a Portfolio of Exclusively Higher-growth, Higher-margin Brands Aligned to Consumer-led Premiumization Trends

Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that it has signed an agreement with The Wine Group to divest primarily mainstream wine brands and related vineyards and facilities from its wine portfolio...

With more than 15 years of financial acumen housed in a team of 20 professionals that includes seven licensed CPA’s steeped in wine industry know-how, the Allen Wine Group (AWG) is the premiere CPA firm poised to take the global wine business to the next level. “We work in only one industry: wine,” confirms founder and managing partner Timothy Allen. “Most of our employees worked at a winery before coming to AWG, which gives us the rare experience of being on both sides of the desk. That unique understanding allows us to give our customers exactly what they need to succeed.” Allen Wine Group offers a comprehensive range of financial oversight services to wine industry businesses, specializing in: Fractional CFO and controller work Full-service accounting and bookkeeping Business advice & strategy Winery performance audits Winery compliance Income tax services Audit, review and compilation reports CPA-prepared financial statements Wine Industry CP

Afternoon Brief, October 24th

Providing ingredient and nutrition labeling for wine and other alcoholic beverages has not traditionally been required by federal law in the United States...

Afternoon Brief, October 11th

New Study Finds That Warm Summers and Wet Winters Yield Better Wine Vintages: A research study led by the University of Oxford has found that weather plays an important role in determining wine quality...

Afternoon Brief, October 11th

Inflation Drags on Wine’s Return to Pre-Pandemic US Restaurant Sales: A hoped-for rapid return of U.S. consumers to pre-pandemic levels of ordering wine and other beverage alcohol at restaurants, bars, nightclubs, hotels and similar venues may be faltering...

Afternoon Brief, June 28th

Napa Winery Turns Wine to Water: A bottling line mishap left some red faces at a winery that sent samples to a competition...