Vino101

Constellation Brands executives must be elated to finally complete their sale of over 32 wine brands and five wineries to E. J. Gallo Winery. The $810 million deal was less than half of the $1.7 billion initially proposed in April of 2019, as the Federal Trade Commission insisted Constellations exclude their sparkling wine, brandy, dessert wine and concentrate business lines as a condition of approval. Constellation sheds all their $11 and under products in a bid to go upscale and Gallo picks up a bevy of bottom shelf labels and more production capacity. Who comes out on top in this deal? For now primarily the grape growers who no longer have to deal with the uncertainty of who will be buying their grapes. As the details of the mega-deal were being worked out many farmers have been in limbo. What will this deal mean for wine lovers? It’s certainly promising on this front as E. J. Gallo has a history of improving the wine operations they acquire. Look no further than the wonderful work they’ve done at Louis