What year did Constellation Brands acquire the Robert Mondavi Corporation?

The acquisition of the Robert Mondavi Corporation by Constellation Brands took place in 2004. This year marks a significant event in the wine industry, as Constellation Brands, already a major player in the beverage market, sought to expand its portfolio and enhance its position in the premium wine category through the acquisition of one of the most recognized brands in American wine. Robert Mondavi is often credited with elevating the standard of California wines and bringing global recognition to the Napa Valley region.

By acquiring Mondavi, Constellation Brands aimed to leverage this prestige and grow its market share in the high-end wine segment, which ultimately helped shape its future business strategies. The acquisition reflected a broader trend during the early 2000s of consolidation within the wine industry, where larger companies sought to integrate established brands to enhance their offerings and appeal to a wider customer base. Understanding this acquisition provides insight into the evolving landscape of the wine market during that period.