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...

Afternoon Brief, August 22nd

Sherry Lehmann’s Landlord Sues Iconic Wine Shop over $3.6 Million in Unpaid Rent: Sherry-Lehmann’s landlord is suing the iconic wine retailer as well as its former owners over $3.6 million in unpaid rent – and is demanding that its shuttered store on Park Avenue be cleared out immediately, according to a court filing...

Rohnert Park, CA – Wine Business Institute scholarship recipients were recently recognized at a virtual meeting with the WBI board of directors, donors, and School of Business and Economics leadership. A total of $44,150 was awarded to undergraduate and graduate winners, including Global Wine Executive MBA student Kelli Silva, trade relations specialist at Trinchero Family Estates; Wine Executive MBA students Caitlin Vartain, brand manager at WX Brands, Marcia Torres Forno, winemaker at Matanzas Creek, Fabian Jauregui, former account executive at Ferrero Rocher, and Emily Porter, business operations manager at Sonoma State University; Wine MBA student Fiona Fang; and undergraduate Wine Business Strategies students Gianna Lendino, wine reservationist at Gundlach Bundschu Winery, and Haddie Daner. Winners were selected based on accomplishments in the areas of academics, leadership, and community service. WBI scholarships are intended to offset tuition and educational expenses