Constellation Brands has made a deal to sell a portion of its mainstream and premium wine portfolio to The Wine Group. Terms of the deal were not disclosed, but the sale includes Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons and Charles Smith Wines.
The company said the move is part of its “efforts to establish a bold and innovative, higher-end wine and spirits portfolio with distinctive brands and products, delivering exceptional consumer experiences.”
In early 2021 Constellation sold more than 30 wine brands to E. & J. Gallo Winery. The wine brands in that deal included Black Box, Clos du Bois, Estancia, Manischewitz, Mark West, Ravenswood, Vendange and Wild Horse.