Published: (16-04-2009)
Written by: Richard Ross
Constellation Brands, the world’s largest wine company, has posted full year losses of $301 million, with further warnings of losses as over $100 million in charges will bite over the year to come.
The further costs will come from Constellation’s decision to cut further jobs and to restructure the company.
Net profit for the year rose by 9% to $351 million, but with a flat operating profit.
European losses in particular edged the company’s..
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