Dear Client:Constellation Brands' wine and spirits business continues to decline as they await FTC approval for its sale of 30+ brands to E&J Gallo. Indeed, wine and spirits net sales were down almost 9%, depletions were down 13% and shipments were down 10% in the second quarter ended August 31. "We continue to work with the … Continue reading "Delayed Gallo Deal Weighs Down Constellation’s Wine & Spirits Biz"