Latest news with #KimCrawford
Bloomberg
06-08-2025
- Business
- Bloomberg
JPM's Crawford Still Sees Value in Owning Bonds in US
Kim Crawford, global rates portfolio manager at JPMorgan Asset Management, explains why she's looking to the belly of the US yield curve and where she sees 'good opportunities' in the global bond market. (Source: Bloomberg)
Yahoo
02-06-2025
- Business
- Yahoo
Constellation Brands Closes Wine Transaction With The Wine Group to Focus on a Portfolio of Exclusively Higher-Growth, Higher-Margin Brands
Retained portfolio for Constellation includes a collection of award-winning, iconic brands, predominantly priced $15 and above and in growing segments and channels ROCHESTER, N.Y., June 02, 2025 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, announced today that it has closed its previously announced transaction with The Wine Group to divest1 primarily mainstream wine brands and associated inventory, facilities, and vineyards from its wine portfolio. Brands divested to The Wine Group include Woodbridge, Meiomi, Robert Mondavi Private Selection, Cook's, SIMI, and J. Rogét sparkling wine. Constellation's retained wine portfolio consists of a collection of highly regarded wines from top regions around the world, predominantly priced $15 and above. This includes iconic Napa Valley brands Robert Mondavi Winery, Schrader, Double Diamond, To Kalon Vineyard Company, Mount Veeder Winery, and The Prisoner Wine Company; the My Favorite Neighbor family of wine brands from Paso Robles; Kim Crawford from New Zealand—producer of the #1 Sauvignon Blanc in the U.S.2; acclaimed Tuscan producer Ruffino Estates and Ruffino Prosecco; sought-after gems like Sea Smoke from Santa Barbara's Santa Rita Hills AVA, Lingua Franca from Oregon's Willamette Valley, and more. This outstanding collection is complemented by Constellation's award-winning craft spirits portfolio including High West whiskey, Nelson's Green Brier whiskey, Mi CAMPO tequila, and Casa Noble tequila. 'We are pleased to have completed this transaction and look forward to executing against our repositioned portfolio, focused exclusively on the higher-end that more closely aligns to consumer-led premiumization trends which we believe will enable us to help deliver improved performance within this segment of our business over time,' said Bill Newlands, President and CEO, Constellation Brands. 'We appreciate the dedication of our internal teams, and the support and collaboration from The Wine Group and our business partners to help us close this transaction and seek to ensure as smooth a transition as possible.' Following the completion of the transaction, Constellation's fiscal year 2026 outlook and its outlook for fiscal year 2027 and fiscal year 2028 provided on April 9, 2025 remain unchanged. 1 We sold and, in certain instances, exclusively licensed the trademarks of a portion of our wine and spirits business, primarily centered around our mainstream wine brands and associated inventory, wineries, vineyards, offices, and facilities 2 #1 in dollar sales, Circana, total U.S. Multi-Outlet + Convenience, 52 weeks ended May 18, 2025 ABOUT CONSTELLATION BRANDS Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for brands from our high-end, imported beer portfolio anchored by the iconic Corona Extra and Modelo Especial, a flavorful lineup of Modelo Cheladas, and favorites like Pacifico and Victoria; our exceptional wine brands including The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, and Lingua Franca; and our craft spirits brands such as Casa Noble Tequila and High West Whiskey. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business, and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word 'expect' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans, and objectives of management, including related to executing against Constellation's repositioned wine portfolio, Constellation's efforts to align with consumer-led premiumization trends and to deliver improved performance within its wine and spirits segment over time, the transition of the divested brands and related inventory, facilities, and vineyards, and Constellation's outlook for fiscal years 2026, 2027, and 2028, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. The forward-looking statements are based on management's current expectations and should not be construed in any manner as a guarantee that any of the events anticipated by the forward-looking statements will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including any purchase price or other post‐closing adjustments, the accuracy of all projections, and other factors and uncertainties disclosed from time-to-time in Constellation Brands' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2025, which could cause actual future performance to differ from current expectations. MEDIA CONTACTS INVESTOR RELATIONS CONTACTS Amy Martin 585-678-7141 / Carissa Guzski 315-525-7362 / Joseph Suarez 773-551-4397 / Snehal Shah 847-385-4940 / David Paccapaniccia 585-282-7227 / A downloadable PDF copy of this news release can be found here.
NZ Herald
21-05-2025
- Entertainment
- NZ Herald
What's on in Gisborne; Live music, new play and chardonnay masterclass
Jordan Luck Band Winter Tour. 7pm, Smash Palace. 24 Banks St, Awapuni. Tickets through moshix. Sunday, May 25 Vintage Clothing Warehouse Sale. 10am–5pm, Gizzy Local, 64 Lowe St. Matawhero 50th Anniversary. Exclusive 50-year celebration Chardonnay Masterclass with Kirsten Searle and Kim Crawford. Tastings include shared cheeseboards. Limited places. Go to Matawhero website for tickets. 12pm–1.30pm Matawhero Wines, 189 Riverpoint Rd. The 39 Steps by Evolution Theatre Company. 4pm, Evolution Theatre, 75 Disraeli St. Sunset Yoga. A beginner yoga flow overlooking Makorori Beach and finishing with tea at sunset. Small class sizes, so bookings essential. Call Zoey 021 02967107. 46 Makorori Beach Rd. The Mexican at Smash Palace. Enjoy tasty Mexican cuisine and wash it down with a cold beer or margarita. 24 Banks St. Coming up Thursday, May 29 Book launch for My Three Rivers - Jottings of a Rural Woman 1884-1968 by Shirley Bagnell Metcalfe. A memoir collated by her grandson Andrew Wright, who will talk at the event. 5.30pm, Muirs Bookshop, 136 Gladstone Rd. Saturday, June 14 The Band with No Name becomes AHIMANU. The Dome Bar at 7.30pm. 38 Childers Rd. Sunday, June 15 Holly Cookie Baker. Australian contemporary folk singer/songwriter is heading to Smash for her 'Where Do You Go in Winter Tour'. Limited tickets. Smash Palace, 24 Banks St. Saturday, June 21 Tahini Bikini, from Pōneke, will play their neo-soul funk at The Dome Bar. 8pm, 38 Childers Rd. Regular events Mondays: • The 500 Card Club: Poverty Bay Bowling Club, 111 Ormond Rd, 1pm-4pm, $3. Tony (06)8633468. • Fun Dancing Gisborne – Modern Sequence and Social Ballroom: St Andrew's Church Hall, 176 Cobden St, 7.30pm-9.30pm, $7. Kev or Isabel (06)8670074 or 0211812414. • Gisborne Orchestra rehearsals. Gisborne Intermediate School, 7.30pm-9pm. New players welcome. Jill 021756364 or email gisborneorchestra@ • Badminton: Badminton Centre, 134 Roebuck Rd, senior groups - social morning club, 9am-11am, $5. Leslie 0274156872. Gisborne Badminton Club, 7pm-9pm. Kevin (06)8671416. Tuesdays: • Sun City Spinners: Poverty Bay Bowling Club, 111 Ormond Rd, 9am-11.30am, fees apply. Dale (06)8675083 or email eastland@ • He Kākano: Popular singalong baby session for Under-2s. H.B. Williams Memorial Library, 34 Bright St, 10.30am, free. • Gisborne Line Dancing: Senior Citizens Hall, 30 Grey St, 4.30pm-7.30pm. Kerry 0211024890. • Hāpu Māmā Aqua Class: Focuses on keeping mums-to-be comfortably active while puku and pēpi are supported by the water. Kiwa Pools, 6.30pm-7.15pm. • Badminton: Gisborne Pinoy Smashers, Badminton Centre, 134 Roebuck Rd, 6pm-8pm. Alfred 0273072318. • Patutahi Badminton Club, Patutahi community hall, 7.30pm-9.30pm. Ron 0274460146. Wednesdays: • Badminton: Badminton centre, 134 Roebuck Rd, junior age groups – Kiwi Shots (Years 3-6), 3.30pm-4.30pm, $10; Mid Shots (Years 7-8), 4.45pm-5.45pm, $10; Hot Shots (Years 9-13), 6pm-7.30pm, $12. Badminton Centre, 154 Roebuck Rd. Geoff 0276568222. Adult coaching - basic coaching and games, 7.30pm to 9.30pm, $10. Hamish 0274456234. • Fifties Forward low-impact aerobics, YMCA, 447 Childers Rd, 9.30am. First class free, otherwise $2. • Mainly Music: A fun music group for preschoolers. St Andrew's Church community centre, 176 Cobden St, 9.45am, $4/family. Trish (06)8672789 or (06)8685513. • Gisborne Concert Band: 6.30pm-8pm, the Bandroom, 200 Childers Rd. If you play brass, woodwind or percussion, come and join. New musicians welcome. Thursdays: • Te Pihinga/Little Sprouts: Fun singalong and story time for 2-to-5-year-olds. H.B. Williams Memorial Library, 9.30am, free. • Gisborne Line Dancing: Senior Citizens Hall, 30 Grey St, 6pm-8pm. Kerry 0211024890. • Gisborne Caledonian Society Practice: Social, modern and sequence dancing. Holy Trinity Church Hall, 70 Derby St, 7.30pm-9.30pm, $5. Pat 0210497148. • Badminton: Thursday morning casual group, Badminton Centre, 134 Roebuck Rd, 9am-11am. $5. Inquiries to Fridays: • Friday Stairs Workout: Lower carpark, Titirangi/Kaiti Hill 5.55am, workout 6am-6.40am. Saturdays: • Gisborne Parkrun: Waikanae Surf Life Saving Club, 280E Grey St, 7.45am-10am. Register at • Tairāwhiti Coffin Club: BCR Joinery, 522 Gladstone Rd, 9am-10am. Details at tairawhiticc@ • Gisborne Farmers' Market. A variety of fresh and prepared goods from local farmers and growers. Corner Stout and Fitzherbert streets, 9.30am-12.30pm. • Tennis for all: Ormond Tennis Club, Hill Rd, Ormond, 2pm-4pm. For more information ph (06)8625741 or (06)8625856. Sundays: • Gisborne Walkers Club: 8am, meet at Mitre 10, 24 Derby St. Text 0278902224 for more info. • Feminine Embodiment Class: Nourishing dance medicine, 10am-11am, Reset Studio, upstairs at Poverty Bay Club. • Silent Flute Taijiquan: Movement lab for life. Free one-hour Tai Chi Chuan (Mandarin) Taijiquan (Cantonese) class open to everyone. 1pm-2pm, Botanical Gardens. Text 0210490722 to confirm location. • Dharma Practice and Meditation: Lama Damchoe leads dharma practice and meditation, followed by a shared lunch, 10am, Palpung Kagyu Samten Choling Tibetan Buddhist Centre, 31 James St. All welcome. Saturdays and Sundays: • East Coast Museum of Technology: 67 Main Rd, Makaraka, $10 adults, $5 seniors, $2 school children, under-5s free. See Facebook or go to • Lions Express Train rides: Starts near Gisborne Wainui Lions Junior Cycle Park, Centennial Marine Drive, 11am-3pm, weather permitting, $2. Each week: • Mahjong Club (Mon and Thurs): Gisborne Town and Country Women's Club, 42 Emily St, 12.30pm. Margaret (06)8630144. • Tairāwhiti Menzshed (Tues, Thurs and Sat): Corner Parkinson and Innes streets, Sat 9am-3pm, Tues and Thurs 9am-2pm. Details ph/text 0224650396. • Tairāwhiti Aviation Museum (Tues and Sun): Gisborne Airport, Aerodrome Rd, 9am-3pm, $5 adults, Under-12s free. Fortnightly: • Lego Club for ages 5-17: H.B. Williams Memorial Library, 3.30pm-5pm, free. See for full details. • Gisborne Country Music Club (1st and 3rd Sundays): Senior Citizens Hall, 30 Grey St, 1pm-4pm, $5 visitors, $3 members, $1 children. Flo (06)8677637, 0274946979 or email • Gisborne Woodworking Club (2nd and 4th Saturdays and last Thursday): Green shed opposite Enterprise Aquatic Centre carpark, Nelson Rd, 10am to about 12pm. Bill 0274507719 or email gizzywheelers@ Monthly: • Gizzy Monthly Market (1st Saturday): Locally produced crafts, food and products. Lawson Field Rose Garden, 7 Fitzherbert St, 9am-1pm, weather permitting. • Gas Guzzlers' Breakfast (1st Sunday): Behind the courthouse on Reads Quay, 8.30am-11am. • Crop Swap (1st Sunday): Swap plants, produce, preserves, baking, books and more. Makaraka School carpark, 137 Main Rd, Makaraka, 2pm-3pm. • Irish Music Session (1st Sunday): The Rivers restaurant, 4pm-6pm. Marty 0210557685. • Gisborne Floral Art Club: (1st Monday) Waverley St hall, 9.30am-11.30am; (3rd Wednesday) Kahutia Bowling Club, 7pm. • Poverty Bay Blues Night (1st Tuesday): Dome Cinema, Poverty Bay Club, 6pm doors open, 7pm gig, $10 door sales, Blues Club members free, R18. • Ulysses Motorcycle Club (1st Tuesday): Bushmere Arms public bar, 673 Matawai Rd, Waerenga-a-Hika, 7.30pm. Chris 0274602430. • Gisborne Friendship Group – formerly Gisborne Combined Club (1st Wednesday): For active retirees looking for friendship. Kahutia Bowling Club, 165 Cobden St, 9.30am, $5, including morning tea. Register with Noelene (06)8684473 or Dianne (06)8674294. • U3A Gisborne (1st Thursday): Social interaction and learning for mature-aged folk. House of Breakthrough, cnr Lytton Rd and Ormond Rd, 9.30am, $2 at door. Diane 0274441073. • Myalgic Encephalopathy/Chronic Fatigue Syndrome Support Group (1st Friday): CCS, 7 Kahutia St, 10.30am-1pm, Moira 0274576923. • Prostate Support Group (2nd Tuesday): Cancer Society Rooms, 718 Gladstone Rd, 4.30pm. Inquiries 0210634515. • The Country Garden Club (2nd Tuesday): Waerenga-a-Hika Hall, 728 Matawai Rd, 7.30pm, $2. Katrine (06)8672427. • Gisborne Proactive Club (3rd Wednesday): Retired people's interest group. Watson Room, Gisborne Cosmopolitan Club, 190 Derby St, 9.30am, $30/year sub and $5/meeting. Malcolm (06)8672591 or 0272402590. • Gisborne Camera Club (3rd Thursday): Senior Citizens Hall, 30 Grey St, 7.30pm. Details at gisbornecameraclub@ • Gisborne Sceptic Group (3rd Sunday): 11am. Details/venue (06)8673715 or (06)8677122. • Te Hapara Garden and Floral Art Club (4th Tuesday): Redstone Room, Farmers Air Event Centre, Showgrounds Park, 2pm. • First City Toastmasters: Become a confident speaker and leader (1st and 3rd Tuesday). Adult Literacy Rooms, 1st Floor, 100 Grey St, Gisborne, 6.15pm. Helen 0221945671. To include your event, email details to whatson@ at least a week before the event.
Wall Street Journal
09-04-2025
- Business
- Wall Street Journal
Constellation Brands to Divest Cheaper Wine Brands Amid Organizational Review
Alcohol heavyweight Constellation Brands will undergo a review of its organizational structuring that is expected to save the company more than $200 million by 2028. The disclosure came as the maker of Modelo beers and Kim Crawford wine on Wednesday inked a deal to sell some of its lower-costing wine brands, a move it said is aligned with consumers' preference for more premium brands.
Globe and Mail
09-04-2025
- Business
- Globe and Mail
Constellation Brands Repositions Wine and Spirits Business to a Portfolio of Exclusively Higher-Growth, Higher-Margin Brands Aligned to Consumer-Led Premiumization Trends
ROCHESTER, N.Y., April 09, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that it has signed an agreement with The Wine Group to divest primarily mainstream wine brands and related vineyards and facilities from its wine portfolio. The transaction is subject to the satisfaction of certain closing conditions, including the receipt of regulatory approval, and is expected to close immediately following the end of Constellation's first quarter of its fiscal year 2026. Constellation's retained wine portfolio will consist of a collection of highly regarded wines from top regions around the world, predominantly priced $15 and above. This includes iconic Napa Valley brands Robert Mondavi Winery, Schrader, Double Diamond, To Kalon Vineyard Company, Mount Veeder Winery, and The Prisoner Wine Company; the My Favorite Neighbor family of wine brands from Paso Robles; Kim Crawford from New Zealand—producer of the #1 Sauvignon Blanc in the U.S. 2; acclaimed Tuscan producer Ruffino Estates and Ruffino Prosecco; sought-after gems like Sea Smoke from Santa Barbara's Santa Rita Hills AVA, Lingua Franca from Oregon's Willamette Valley, and more. This outstanding collection is complemented by Constellation's award-winning craft spirits portfolio including High West whiskey, Nelson's Green Brier whiskey, Mi CAMPO tequila, Casa Noble tequila, and others. 'This transaction reflects our multi-year strategy to reconfigure our business, resulting in a portfolio of higher-end wine and craft spirits brands that are aligned to evolving consumer preferences and help bolster our competitive position,' said Bill Newlands, President and CEO, Constellation Brands. 'Concentrating our wine and spirits portfolio in higher-growth segments remains an important element of our overall business strategy and complements our higher-end beer portfolio, aiming to ensure we continue to participate in more consumer occasions across beer, wine, and spirits.' Brands to be divested to The Wine Group include Woodbridge, Meiomi, Robert Mondavi Private Selection, Cook's, SIMI, and J. Rogét sparkling wine, along with associated inventory, facilities, and vineyards. In preparing to manage a more focused wine and spirits business following the anticipated close of the transaction, and to help ensure the company's enterprise-wide structure, resources, and investments are aligned to help optimize the performance of the business and drive accelerated growth, the company is undergoing a review of its organizational structuring. This review is anticipated to deliver net annualized cost savings in excess of $200 million by fiscal year 2028. The company expects the majority of this work to be completed within its fiscal year 2026. Additional commentary and financial information related to the transaction will be included as part of Constellation Brands fiscal year and fourth quarter 2025 earnings release and financial tables, as well as other supporting materials, posted on Wednesday, April 9, 2025, after the close of the U.S. markets on the company's investor relations website at 1 We entered into a definitive agreement to fully divest and, in certain instances, exclusively license the trademarks of a portion of our wine and spirits business, primarily centered around our remaining mainstream wine brands and associated inventory, wineries, vineyards, offices, and facilities 2 #1 in dollar sales, Circana, total U.S. Multi-Outlet + Convenience, 52 weeks ended March 23, 2025 ABOUT CONSTELLATION BRANDS Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word 'expect' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans, and objectives of management, including related to the repositioning of Constellation's wine and spirits business, the anticipated closing of the transaction, the satisfaction of certain closing conditions including receipt of regulatory approval, the expected timetable for closing the transaction, Constellation's efforts to align with evolving consumer preferences, bolster its competitive position, optimize performance, and drive accelerated growth, the outcome of the organizational structuring review, including the timing and amounts associated with anticipated net annualized cost savings, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. The forward-looking statements are based on management's current expectations and should not be construed in any manner as a guarantee that any of the events anticipated by the forward-looking statements will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including the completion of the transaction on the expected terms, conditions, and timetable, regulatory requirements, the outcome of the organizational structuring review, the actual amount of net annualized cost savings achieved, the accuracy of all projections, and other factors and uncertainties disclosed from time-to-time in Constellation Brands' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 29, 2024 and its Quarterly Report on Form 10-Q for the fiscal quarter ended November 30, 2024, which could cause actual future performance to differ from current expectations.
