-
Wine Jobs
Winemaker
Sommelier
Wine Sales Representative
-
Wine Country Real Estates
-
Wine Barrels & Equipment
Manual Roller capping...
-
Grapes & Bulk Wines
Montepulciano 2020 and 2021
2020 Mt.Veeder Cabernet...
2020 Sonoma Coast Chardonnay
-
Supplies & Chemicals
Planting supplies
Stagg Jr. Bourbon - Batch 12
-
Wine Services
Fast Online Alcohol...
Late night food midtown NYC
-
World Marketplace
- Winemakers Rock SAS
- Quick Bottle
- Pall Corporation
- Patricia Green Cellars
- Barra Family Vineyards
E&J Gallo and Constellation Modify Terms of Sale - Reaction
Dec 16, 2019
(WB) - Last week's news that E&J Gallo and Constellation Brands modified the terms of the sale of dozens of Constellation labels to address competitive concerns from federal regulators ends months of uncertainty.
The new $1.1 billion agreement to divest lower-priced brands and other assets may close in March 2020 – or $600 million less than originally planned, the companies announced Thursday. The issues raised included anti-competitive concerns related to sparkling wine, brandy, dessert wine and concentrate products, according to Constellation.
Rob McMillan, executive vice president and founder of Silicon Valley Bank’s wine division, welcomed Thursday’s announcement.
“It’s good news because it’s actually going to go through,” McMillan said.
Comments: