SND: Constellation Sells Value Wine Brands, Including Meiomi and Woodbridge, to the Wine Group

Constellation Brands has taken another big step in streamlining its wine stable to focus on luxury brands, selling a 12-million-case portfolio of mostly value-priced brands to The Wine Group for an undisclosed sum. The deal is subject to regulatory approval and is slated to close immediately after the end of Constellation's fiscal first quarter ending in May. The news was first reported by Shanken News Daily (SND), a sister publication of Wine Spectator.The Wine Group: Looking for ValueThe Wine