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Constellation Sells its Wine Businesses

28 - dec - 10

A selling spree is taking the wine world by storm it seems. Constellation Brands has sold its wine businesses in Australia, the UK and South Africa to a private equity company in a deal worth A$290m.

According to a report, Sydney-based CHAMP Private Equity will buy 80% of Constellation Wines Australia and Europe (CWAE) for A$230m under the terms of the deal, including high-profile brands like Hardys and Kumala.

The price of the acquisition is in stark contrast to the A$1.9bn Constellation paid for the BRL Hardy wine business in 2003.

“The CWAE business sells quality wines from the important Australian appellation and has significant scale, but continues to be faced with challenging market conditions,” said Rob Sands, president and CEO of Constellation Brands.

“Therefore, the business is no longer consistent with Constellation’s strategy. We believe CHAMP has the requisite skills and motivation necessary for accelerating the success of the CWAE group.”

CHAMP managing director John Haddock said the company was “committed to supporting management in building a competitive and profitable business in the Australian and UK markets, and will invest to grow the business”.

Alexander William

Killed my laptop with a glass of wine last night. RIP little buddy :(

Wed Oct 07 19:29:10 2015

Join me in Napa, CA @LiveInVineyard for an all expenses paid weekend of music, food & wine! Enter to win at

Thu Oct 08 16:10:53 2015
Lisa Cimorelli

Imitating my dad sniffing his wine back in Portland..... It's pretty clear who the real pro is πŸ˜ŽπŸ‘“πŸ’ΌπŸ‘”πŸ·πŸ˜‚

Thu Oct 08 18:58:06 2015

Scandal, wine coolers and my bed will be my best friend tonight. πŸ˜ŠπŸ·πŸ“Ί

Thu Oct 08 23:34:22 2015
Kristen McG

#tastechile @drinkchile @omnihotels wine #7: root: 1 heritage red. Perfect for thanksgiving turkey and stuffing!

Thu Oct 08 23:34:21 2015
Petite Vanille

@CandaceB_ There better be sugar-free cookies and wine spritzers

Thu Oct 08 23:34:17 2015
Natalie Marie Clark

Just want wine and football

Thu Oct 08 23:34:16 2015

Is it bad that all I wanna do this weekend is drink wine & Netflix? Like thats it

Thu Oct 08 23:34:14 2015
David Dugan

The Tattooed Heretic of Wine and Whiskey, Richard Betts #drdaviddugan

Thu Oct 08 23:34:14 2015
butterfly hurricane

Due to Stoptober, I'm budgetting in relation to how much I would be spending on wine

Thu Oct 08 23:34:13 2015

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