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Jan 2008 Issue of Wine Business Monthly
TOP STORIES Constellation to Buy Fortunes' Wine Assets for $885 Million Fortune Brands, Inc. and Constellation Brands, Inc. announced November 12, 2007, a definitive agreement for the sale of Fortune Brands' U.S. wine business, Beam Wine Estates, to Constellation Brands. The $885 million sale includes brands such as Clos du Bois, Geyser Peak, Wild Horse, Buena Vista Carneros and Gary Farrell, as well as the associated vineyards, winemaking assets and sales organization. Rumors of a potent...
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