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black-owned wine

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Ingrid Best Was Once Brand Director For Jay-Z's D'usse — Now She's Ventured Out On Her Own As CEO Of IBest Wines

Ingrid Best’s work behind the scenes for leading spirits brands has worked in her favor.

Nov 21, 2023

Black-Owned Wine Brand La Fête du Rosé Secures Investment From Alcohol Giant

Last June, alcohol giant Constellation Brands, Inc. committed to a $100 million investment in Black, Latinx and minority-owned businesses in the spirits industry over the next decade. Now they’re making good on their promise by working with Black-owned wine brand, La Fête du Rosé. According to ESSENCE, the Miami-based rosé label has become one of the many go-to wines for consumers, and with the help of Constellation Brands’ investment the brand will grow to be even bigger. Constellation Brands, Inc. announced that the company would acquire a minority stake in the wine label, making this its first attempt to make good on its June 2020 pledge. “Minority-owned businesses are under-represented in our industry and there is a real need to make it more equitable for those businesses to receive access to capital,” Constellation Brands president and CEO Bill Newlands said in a statement. “This initiative enables us to play a role in creating greater equity within our industry and provides an...

May 19, 2021