Constellation Brands to Sell Svedka Vodka to Sazerac, Sharpens Focus on Premium Spirits
Constellation acquired Svedka in 2007 when it bought Spirits Marque One LLC for $384 million from Guillaume Cuvelier and Belgium-based Alcofinance SA. Sazerac produces a wide range of spirits, and owns brands including such as Southern Comfort and Fireball.
The company's CEO said that its IT systems have been affected since the ransomware attack earlier this year, which coincided ...
Constellation Brands (STZ) has reached an agreement with global spirits company Sazerac, to divest its SVEDKA brand. This transaction is expected to close in the coming months.The decision builds on ...
While it’s been tough sledding for many of the U.S. market’s leading vodka brands lately amid intense competition within the category, Constellation Brands-owned Svedka vodka has managed to remain ...
The divestiture comes as the Corona brewer focuses on premium wine and spirits while distancing itself from its less ...
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