Early Life
Richard Sands was born around 1950. His father, Marvin Sands, founded Canandaigua Wine Company in 1945. Sands grew up in a family deeply involved in the wine industry, which laid the foundation for his future success in the beverage sector.
Rise to Success
Sands joined the family business in 1979, taking on various leadership roles. He became president and CEO in 1993 and served as Executive Chairman from 1999 to 2018. Under his leadership, the company expanded significantly, including the acquisition of Robert Mondavi and Svedka vodka, as well as the US rights to Modelo and Corona beers.
Key Business Strategies
Constellation Brands, under Sands's guidance, focused on acquiring premium brands and expanding its portfolio into beer and spirits, transforming the company into a major player in the alcoholic beverage industry. The company's strategy included a focus on both organic growth and strategic acquisitions to enhance its market position.
Philanthropy
Sands is also known for his philanthropic efforts, most notably the 2016 donation of $61 million to the Rochester Area Community Foundation, which established the Sands Family Supporting Foundation. The Foundation supports arts, education, and community initiatives.