05.23.18 | Press Releases
TRU Estates and Vineyards to become exclusive import partner in the U.S.
SAN FRANCISCO, CA., May 23, 2018 -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading premium wine company, announced that its Fine Wine division, TRU Estates and Vineyards, has formed a strategic partnership with Champagne Palmer & Co.
Champagne Palmer & Co boasts over 70 years of history and heritage and is known internationally for its highly acclaimed portfolio, prestigious vineyard holdings and exceptional wine quality. Founded in 1947, Champagne Palmer & Co is known best for its Brut Reserve, Rosé Reserve, Blanc de Blancs and Vintage offerings, among other luxury wine collections, sourced from the finest Premier and Grand Cru vineyards in the Montagne de Reims, one of the most prestigious terroirs in Champagne.
“Champagne Palmer & Co is an excellent addition to our TRU Estates and Vineyards division’s fine wine portfolio,” said Chris Stenzel, Constellation Brands’ Wine & Spirits Division president. “With its long and prestigious history, unwavering commitment to quality, and international luxury consumer following, we see immense opportunities for Champagne Palmer & Co in the U.S. We look forward to this partnership and enhancing U.S. presence for the exceptional wines Champagne Palmer & Co has to offer.”
Rémi Vervier, Managing Director of Champagne Palmer & Co, said, “We are delighted to begin a relationship with TRU Estates and Vineyards. We share the same values and spirit of excellence, and we look forward to bringing the quality and prestige of the Champagne Palmer experience to U.S. wine lovers, thanks to the passion and expertise of the TRU Estates and Vineyards team.”
“Champagne Palmer’s extraordinary wines and passionate team are a perfect complement to our portfolio of iconic brands such as Schrader Cellars, The Prisoner Wine Co. and Robert Mondavi Winery,” added Nick Withers, business unit general manager for TRU Estates and Vineyards. “This partnership further enhances our breadth of offering of desirable luxury brands for our valued trade partners and fine wine consumers.”
This long-term agreement, effective July 2018, includes U.S. market import exclusivity, with focus in on-premise and fine wine retailers through the dedicated TRU Estates and Vineyards team and its distributor partners.
About Champagne Palmer & Co
Founded in 1947 and established in Reims, Palmer & Co is an ultra-premium Champagne House with over 200 hectares of vineyards classified as Grand and Premier Crus in the Montagne de Reims area.
The Palmer & Co wines mature in a maze of deep chalky galleries, remaining in contact with the lees for at least four years for Palmer Brut Reserve, six to eight years for the vintage cuvees and up to ten years or more for magnums and larger format bottles.
Highly regarded for their excellence and elegance, the Palmer & Co cuvees are regularly distinguished in major international wine competitions and endorsed by Champagne experts. To learn more, please visit www.champagnepalmer.com
About TRU Estates and Vineyards
TRU Estates & Vineyards is a collection of the most acclaimed brands in Constellation Brands’ fine wine portfolio. The terroir-driven wines that comprise the TRU Estates & Vineyards portfolio include Schrader Cellars, Robert Mondavi Winery, The Prisoner Wine Company, Mount Veeder Winery, Inniskillin, and Ruffino Estates. With unparalleled vineyard and winery properties from Napa Valley to Tuscany, the wines of TRU are true to the land, true to a sense of place and true to the people who are devoted to their craft.
To learn more, please visit www.truestatesandvineyards.com.
About Constellation Brands
Constellation Brands (NYSE: STZ and STZ.B), a Fortune 500® company, is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, Italy and Canada. Constellation is the No. 3 beer company in the U.S. with high-end, iconic imported brands such as Corona Extra, Corona Light, Modelo Especial, Modelo Negra and Pacifico. The company’s beer portfolio also includes Ballast Point, one of the most awarded craft brewers in the U.S. In addition, Constellation is the world leader in premium wine, selling great brands that people love, including Robert Mondavi Winery, Charles Smith Wines, Clos du Bois, Kim Crawford, Meiomi, Mark West, Ruffino and The Prisoner Wine Company. The company’s premium spirits brands include SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.
Based in Victor, N.Y., the company believes that industry leadership involves a commitment to brand building, our trade partners, the environment, our investors and to consumers around the world who choose our products when celebrating big moments or enjoying quiet ones. Founded in 1945, Constellation has grown to become a significant player in the beverage alcohol industry with more than 100 brands in its portfolio; over 40 wineries, breweries and distilleries; and approximately 10,000 talented employees. We express our company vision: To elevate life with every glass raised.
Alex Wagner 415.912.3788