A spicy rumor riled up the wine industry earlier this year: Constellation Brands wanted out. And not just a few labels here and there: the whole kit and caboodle. Over the past century, countless companies have invested into — then divested out of — the famously fickle wine business. But this felt different. The multinational corporation was founded on bulk wine brands in upstate New York in 1945, and the idea of Constellation ditching all things wine after 80 consecutive years had industry analysts staring wide-eyed at the panic button.
Afternoon Brief, October 26
As the Wine Industry Retracts, Some Are Still Betting Big on Napa: It often seems that only bad news is coming out of the wine industry, even in California...



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