Sales down for Constellation in UK and Australia

07 January, 2011

Constellation’s UK and Australian business saw a 12% fall in sales in the most recent financial quarter.

The Hardy’s, Stowells and Banrock Station wine firm is in the process of selling the ailing division to Champ, an Australian private equity firm, though it will retain a 20% stake.

Its net sales in the third quarter of Constellation’s financial year stood at US$230 million – about £149 million. The 12% decline compares with a 1% increase in its North American wine business and an 8% increase for spirits.

Constellation chief executive Rob Sands said: “We’ve accomplished a great deal this year including the recently announced sale of our Australian and UK business. This is the right move for the company and positions us to better achieve the goals associated with our profitable organic growth strategy.”




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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
total a

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