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Constellation Brands Inc. Prepares to Shift Focus From Wine to Beer
Jun 19, 2016
(FOOL) - As the company prepares to spin off part of its wine business, it has become increasingly clear that management envisions a “beer-centric” business, a trend that began with its purchase of Corona and Modelo Negra in 2013, and continued with its most recent acquisition of Ballast Point Brewing Company.
Constellation Brands (NYSE:STZ) is well-known among investors and followers of the alcohol industry as the company that rocketed up over 600% in the last five years.
In this segment from the Industry Focus: Consumer Goods podcast, Motley Fool analysts Vincent Shen and Asit Sharma talk about why and how the company is moving away from the multi-category strategy that earned them that growth, and how a stronger focus on beer is going to reward them in the years ahead.
A transcript follows the video.
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