Constellation Brands to sell Svedka vodka to Sazerac as wine and spirits segment struggles
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Constellation Brands is selling Svedka vodka to Sazerac as part of its strategy to address challenges in its wine and spirits segment. The transaction details have not been disclosed, and the deal is expected to close in the coming months.
December 03, 2024 | 4:30 pm
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Constellation Brands is selling Svedka vodka to Sazerac, indicating a strategic shift in its wine and spirits segment. This move may help the company focus on more profitable areas.
The sale of Svedka vodka suggests Constellation Brands is restructuring its portfolio to address challenges in its wine and spirits segment. This could lead to a more focused and potentially profitable business strategy, positively impacting STZ's stock price in the short term.
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