(Winemag) - Constellation Brands, a $40 billion company, is reported to be shopping some of its U.S.-based brands in a deal that could be worth more than $3 billion, according to Reuters.

“While we don’t comment on rumors/speculation, what I can say is consistent with what we said on our earnings call on October 4. We continue to focus on driving growth organically, and through acquisition and innovation at the higher end of our wine and spirits portfolio, which has consistently grown 3–4 times the U.S. market rate,” Constellation Brands spokesman Mike McGrew wrote in an email.