Tag Archive: Kim Crawford
Constellation Brands Faces Up To $2.5 Billion Write-Down for Wine and Spirits Portfolio
Constellation Brands has revised its financial forecast for fiscal year 2025, citing considerable challenges faced by the company’s wine and spirits brands. Continue reading →
Posted in News on September 4, 2024Wine’s Low- And No-Alcohol Segment Gains Momentum With Younger Drinkers
While the overall wine market in the U.S. has seen volume decline lately—slipping 2.8% to 319 million cases last year, according to Impact Databank—the relatively nascent low- and no-alcohol wine segment has been steadily gaining traction. Continue reading →
Posted in News on June 20, 2024Imported Wine’s Top Players Show Mixed Results, As $15-$25 Emerges As The Sweet Spot
Along with other wine segments, the import sector has struggled to make volume progress in the U.S. lately, with total imported table wine depletions down 3% to 67.1 million 9-liter cases last year, according to Impact Databank. Continue reading →
Posted in News on May 23, 2024New Zealand Wine Growth Slows, But Continues To Outpace The Market
While wine imports to the U.S. suffered their second consecutive annual decline last year, brands from New Zealand continued to outpace the market in 2023, according to Impact Databank. Continue reading →
Posted in News on April 16, 2024Constellation’s Sales Near $10B Despite Wine & Spirits Decline
Constellation Brands reported net sales up 5% on a comparable basis to $9.96 billion for its fiscal year 2024, ended in February. Continue reading →
Posted in News on April 11, 2024Constellation Names Company Veteran Sam Glaetzer To Lead Wine & Spirits Division
In case you missed yesterday’s news alert, Constellation Brands has promoted from within to find new leadership for its wine and spirits division, with company veteran Sam Glaetzer filling the role previously held by Robert Hanson, who departed at the end of last month. Continue reading →
Posted in News on March 12, 2024
