Inside Constellation’s Purchase of Charles Smith Wines for $120 Million
Cathy Huyghe, CONTRIBUTOR
Oct 17, 20162:59 PM10,492
Charles Smith Wines LLC announced their acquisition today for $120 million by Constellation Brands, Inc.
The transaction is expected to close this month and includes labels such as Kung Fu Girl Riesling (whose retail sales have grown 45% over the last year) and Velvet Devil Merlot. See the full press release here:
@InFrom@jeffreywsnyder@radiolysis
It’s still Charles In Charge (as my wife likes to call the Charles & Charles Rosé) for the rest of his extensive lineup of wine brands; "I will remain completely focused on the rest of my portfolio - K Vintners, Wines of Substance, ViNO, Casa Smith, SIXTO, B. Leighton, and Charles & Charles – as well as my wineries in Walla Walla and Jet City in Seattle. "
FORBES Food & Drink
Inside Constellation’s Purchase of Charles Smith Wines for $120 Million
Cathy Huyghe, CONTRIBUTOR
Oct 17, 20162:59 PM10,492
Charles Smith Wines LLC announced their acquisition today for $120 million by Constellation Brands, Inc.
The transaction is expected to close this month and includes labels such as Kung Fu Girl Riesling (whose retail sales have grown 45% over the last year) and Velvet Devil Merlot. See the full press release here:
https://www.forbes.com/sites/cathyhuyghe/2016/10/17/breaking-news-constellation-buys-charles-smith-wines-for-120-million-qa-here/
Took me a bit to notice the article was from last October. I thought it had been sold a long time ago, but I wasn’t aware it was to Constellation.
@radiolysis Last year, the year before, what’s 365 days among friends?
@radiolysis @InFrom
TWO years ago: Oct 17, 2016
I happened upon it while chasing the Okemo Mountain Resort article. THAT article is current.
@InFrom @jeffreywsnyder @radiolysis
It’s still Charles In Charge (as my wife likes to call the Charles & Charles Rosé) for the rest of his extensive lineup of wine brands; "I will remain completely focused on the rest of my portfolio - K Vintners, Wines of Substance, ViNO, Casa Smith, SIXTO, B. Leighton, and Charles & Charles – as well as my wineries in Walla Walla and Jet City in Seattle. "