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The company said that its plans may include a probable sale of certain assets and a possible combination of a portion of its Australian and UK wine operations with Australian Vintage, a wine company based in Sydney, Australia, in exchange for a non-controlling interest in the combined entity. Rob Sands, president and CEO of Constellation Brands, said: "The Australian wine industry is facing unprecedented negative operating conditions. This combination would create a more competitive entity better positioned to deal with the current environment. "Constellation Brands remains focused on achieving stronger, more sustainable results by tightening the focus of the portfolio, optimizing assets and finding synergies across all aspects of the business." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon For full details on Constellation Brands Inc (STZ) click here. Constellation Brands Inc (STZ) has Short Term PowerRatings of 6. Details on Constellation Brands Inc (STZ) Short Term PowerRatings is available at This Link.
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