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April 4, 2019
In a $ 1.7 billion deal, Constellation Brands sold 30 brands of its wine and spirits portfolio to E & J Gallo Winery of Modesto, California.
The Constellation sale involved low-end brands, generally selling less than $ 11 per bottle. These wines and their production facilities are based in New York, California and Washington. The company keeps its upscale …
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