Constellation Invests In Archer Roose Canned WinesAugust 5, 2022
In case you missed yesterday’s news alert, Constellation Brands has taken a minority stake in canned wine brand Archer Roose for an undisclosed sum. Archer Roose is expected to reach 100,000 cases this year, with Constellation’s backing unlocking further opportunity for expansion.
Constellation made the move through its venture capital group as a part of its Focus on Female Founders initiative, which aims to directly increase female representation and access to funding in the industry by investing $100 million in female-led or female-founded companies by 2028. Here’s the full story.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.