Constellation Brands signs agreement to sell SVEDKA vodka to Sazerac

CONSTELLATION BRANDS, INC.

SVEDKA brand divested to Sazerac; deal expected to close in coming months subject to regulatory approvals.
Divestiture continues reshaping of wine/spirits portfolio toward premium and fine wine and craft spirits.
CEO Bill Newlands says transaction supports optimization to meet growth objectives; no financial terms disclosed.
Additional commentary to be provided at Dec 3 Morgan Stanley Global Consumer Conference by CFO Garth Hankinson.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.