Svedka Vodka's Parent Company Just Sold the Brand, Amid a Struggling Spirits Market [Yahoo! Finance]
Constellation Brands, Inc. (STZ)
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Source: Yahoo! Finance
production due to what it sees as a softening market, while companies like Pernod Ricard and Proximo Spirits have reported declines in sales as drinkers cut back on expensive booze. Constellation Brands, on the other hand, just announced that it was selling the Svedka Vodka brand to Sazerac so it can focus on its higher-end brands. It appears that some in the industry are still betting on baller bottles. Svedka certainly doesn't fall into the high-end spirits category, given that this vodka , which comes in many flavors, is priced at less than $20 per bottle. Although it originated in Sweden, the brand has been produced in the U.S. for years now from a corn mashbill. Still, it has held its own in the vodka market, which is still the best-selling spirit in the U.S.—according to Vinepair , in 2022 Svedka was the fourth best-selling vodka in the U.S. More from Robb Report These Coveted Buffalo Trace Whiskeys Are Heading to Auction to Aid Hurricane Relief Patron's Founders Just La
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