Exclusive news and research on the wine, spirits and beer business

Wine Spectator: More On Constellation’s Washington Wine Purchase

October 18, 2016

Yesterday, Constellation added to its burgeoning collection of premium wine brands, with an agreement to purchase five Washington brands from Charles Smith Wines for $120 million. The sale is expected to close later this month. With this deal, Constellation says it will become the second-largest supplier of Washington state wines.

The acquisition includes five wines that Charles Smith calls “the five core brands” of his company—Kung Fu Girl Riesling, Eve Chardonnay, Boom Boom Syrah, Velvet Devil Merlot and Chateau Smith Cabernet Sauvignon. Altogether, the brands add up to nearly 500,000 cases per year, selling mostly at $12 to $15 a bottle. Wine Spectator has more on the implications of the deal for both Constellation and Smith.

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : ,

Get your first look at 2016 data and 2017 projections for the wine and spirits industries. Order your 2017 Impact Databank Reports. Click here.

Previous :  Next :