Constellation Brands, Inc. (NYSE:STZ) Executives said January 8, 2020 that they are actively looking to divest more wine and spirits brands, which have lagged behind the growth at Modelo and Corona. The company is in the process of selling parts of the unit to E. & J. Gallo Winery. Officials said on a conference call that Gallo also will buy its New Zealand wine label Nobilo, with the deal closing next fiscal year.