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Constellation Brands Considers ‘Levers’ to Pull Should Proposed Tariffs Materialize

Constellation Brands Considers ‘Levers’ to Pull Should Proposed Tariffs Materialize

Constellation Brands its weighing its options in the face of proposed 25% tariffs on goods imported from Mexico and Canada under the incoming second Trump administration. CFO Garth Hankinson discussed the company’s position during a fireside chat with managing director Dara Mohsenian at the Morgan Stanley Consumer and Retail Conference on Tuesday.

Sazerac to Acquire Svedka Vodka from Constellation Brands

Sazerac to Acquire Svedka Vodka from Constellation Brands

Constellation Brands has reached an agreement with spirits giant Sazerac to offload its Svedka Vodka brand, the company announced today. The sale, which is expected to close “in the coming months,” is part of Constellation’s plan to premiumize its wine and spirits business, which have not kept pace with the gains its beer portfolio of Mexican imports has delivered.