Southern Glazer’s Wine & Spirits Shares Update on Workforce Changes

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12:20 PM on Wednesday, February 25

The Associated Press

MIAMI & DALLAS--(BUSINESS WIRE)--Feb 25, 2026--

Southern Glazer’s Wine & Spirits (Southern Glazer’s) – the world’s preeminent distributor of beverage alcohol – today announced a limited workforce reduction as part of a broader effort to align resources with its long-term strategy and evolving market conditions. The reduction affects just over 1% of its employees. These changes are intended to streamline operations and enable continued investment in key strategic initiatives that support the Company’s 2030 Vision.

Impacted employees are being notified and the Company is providing affected employees with career transition support. A core priority was to minimize disruption to frontline commercial and operations personnel who represent Southern Glazer’s to our customers every day. Reductions were primarily in corporate and back office functions. The Company is also making structural changes that will further strengthen its commitment to fine wine. These changes will not impact service to Southern Glazer’s customers or suppliers.

“Decisions that impact our people are never easy,” said Wayne E. Chaplin, President & CEO. “However, the Company is making these decisions from a position of strength, allowing us to focus on our core priorities and strengthen our ability to continue strategic investments that serve customers, suppliers and our business over the long term.”

About Southern Glazer’s Wine & Spirits

Southern Glazer’s Wine & Spirits is the world’s preeminent distributor of beverage alcohol, building brands for moments that matter. The multi-generational, family-owned Company has operations in 47 U.S. markets and Canada, as well as brokerage operations through its Southern Glazer’s Travel Retail Sales & Export Division in the Caribbean, Central and South America. In 2026, Southern Glazer’s was recognized by Newsweek as one of America’s Greatest Workplaces for Culture, Belonging & Community. In 2025, Southern Glazer’s was recognized by Newsweek as one of America’s Greatest Workplaces for Diversity and America’s Greatest Workplaces for Women. Southern Glazer’s urges all retail customers and adult consumers to market, sell, serve, and enjoy its products responsibly. For more information visit www.southernglazers.com. Follow us on Facebook, X and Instagram @sgwinespirits.

View source version on businesswire.com:https://www.businesswire.com/news/home/20260225032870/en/

CONTACT: Press Contacts:

Southern Glazer's Wine and Spirits, LLC

Sofia Monaco

Senior Manager, Communications & CSR

Office: (305) 625-4171, ext. 1162

Mobile: (786) 457-6281

Email:[email protected]

Melissa Alonso

Manager, Communications & CSR

Office: (305) 627-1223

Mobile: (786) 894-7160