The acquisition further enhances the company’s higher-end portfolio and reinforces its ongoing commitment to female and minority representation within the industry
SAN FRANCISCO, CA, June 23, 2023 – Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that it has acquired Luxury Napa Valley wine brand, Domaine Curry, from Coup De Foudre Napa Valley. The brand will join The Prisoner Wine Company’s innovative house of brands, further enhancing its ASPIRA Fine Wine & Craft Spirits portfolio and commitment to investing in female and minority founders and entrepreneurs within the total beverage alcohol industry.
Co-founded by Ayesha Curry & Sydel Curry-Lee, Domaine Curry was created with an emphasis on quality and dedicated to the women in their family and future generations of women. The brand brings to life the expression “Femme 31,” a proverb of great meaning to the women in the Curry family, acknowledging them as virtuous, loyal, independent, and strong.
“The acquisition of Domaine Curry, a female- and Black-founded wine brand with a successful track record for entrepreneurship, storytelling, and community, provides an opportunity for us to partner with Ayesha and Sydel to build a uniquely positioned luxury wine and culturally relevant lifestyle brand,” said Bukky Ekundayo, VP/GM, The Prisoner Wine Company. “Bringing them into The Prisoner Wine Company portfolio builds on our history of expanding the luxury wine landscape with inclusive and progressive brands, wines, and values.”
“Food and wine have always been an integral part of our lives, and it has been a thrilling experience introducing our Domaine Curry portfolio to the world,” said Ayesha Curry & Sydel Curry-Lee, co-Founders of Domaine Curry. “We are so excited to partner with a company that shares our values and aspirations, that can also offer quality sourcing, expert winemaking, and best-in-class DTC, e-commerce, and hospitality resources needed to make more space for women of color in the luxury wine landscape.”
Constellation Brands Wine & Spirits division is building a bold and innovative, higher-end wine and spirits portfolio with distinctive brands and products, delivering exceptional consumer experiences. The company has reshaped its wine and spirits portfolio to become a leading global premium, fine wine and craft spirits house of brands that align with consumer preferences. With this acquisition, Constellation Brands Wine & Spirits will continue to target strategic growth across a global omni-channel strategy through U.S. wholesale channels, expansion of international business, and DTC acceleration.
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, 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. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur.
The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such results will in fact occur. All forward-looking statements speak only as of the date of this news release and Constellation Brands 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 and conditions in the general economy and markets in which we compete, the forward-looking statements contained in this news release are also subject to the risk, uncertainty, and possible variance from our current expectations regarding 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, 2023, which could cause actual future performance to differ from current expectations.
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 and Meiomi.
As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.
To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.
ABOUT DOMAINE CURRY
Domaine Curry is a small lot Napa Valley winery producing big bold wines by Ayesha Curry and sister-in-law Sydel Curry-Lee. Their first release was the 2015 Femme 31 Cabernet Sauvignon which Ayesha and Sydel spent two years developing with winemaker, Kent Jarman. Domaine Curry is a venture dedicated to the women in Ayesha and Sydel’s family including their daughters and future generations.
