Constellation Brands' CEO has described the drinks industry landscape as "a pretty target-rich environment".

Richard Sands was quoted by the news agency Reuters yesterday (10 November) discussing the possibility that the Swedish government will sell off the state-owned spirits producer Vin & Sprit, which owns Absolut.

"The Swedish market itself is one of those expansion markets so the wine and spirits distribution within Sweden ... the brands distributed in Sweden ... and brands like Absolut that are produced in Sweden certainly have an interest to us," Sands said.

"But that's just one out of many potential opportunities," Sands added. "The other ones aren't as public. It's a pretty target-rich environment."

Reuters reported that Sweden is among 14 European countries where Constellation plans to expand its markets.