Constellation buys Fortune's US wine business

13 November, 2007

Drinks giant Constellation is to buy Fortune Brands' US wine business for $885 million (427 million).

The sale includes wine brands Clos du Bois, Geyser Peak, Wild Horse, Buena Vista Carneros and Garry Farrell, as well as the associated vineyards, winemaking assets and sales organisation.

Fortune Brands initiated the sale after a review and the process resulted in multiple offers for the wine business. It will retain its Harveys sherry and Cockburn's port brands.

The deal should be complete by the end of December.




Bookmark this


Site Search

COMMENT

Faith in fakes

One of the most fascinating stories in wine, fit to stand alongside the Judgement of Paris, is that of Rudy Kurniawan, a man who managed to fool friends, auction houses and experts into believing they were drinking some of the world’s most expensive wines.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter