Exhibit 99.1

Robert Mondavi Reschedules Annual Shareholder Meeting


   NAPA, Calif.--(BUSINESS WIRE)--Nov. 9, 2004--The Robert Mondavi
Corporation (NASDAQ:MOND) said today that, in light of the definitive
merger agreement it signed last week with Constellation Brands, Inc.
(NYSE:STZ), it has postponed the annual shareholder meeting scheduled
for November 30, 2004 and will amend its proxy statement related to
the annual shareholder meeting to include the addition of a proposal
to approve the Constellation merger agreement. After the amended proxy
statement is mailed to shareholders and a new meeting date
established, shareholders will be asked to approve the proposed merger
with Constellation at the annual meeting.
   In order to allow for more time to finalize the accounting
implications resulting from the suspension of the restructuring plan
due to execution of the Constellation merger agreement, the company
also reported it will file its first quarter fiscal 2005 Form 10-Q no
later than November 15, 2004 as permitted under applicable SEC
regulations.
   Robert Mondavi Corporation produces and markets fine wines under
the following labels: Woodbridge Winery, Robert Mondavi Private
Selection, Robert Mondavi Winery, La Famiglia, Kirralaa, Byron
Vineyards and Winery, Io, Arrowood Vineyards and Winery and Grand
Archer by Arrowood. The company also produces Opus One, in partnership
with the Baroness Philippine de Rothschild of Chateau Mouton
Rothschild of Bordeaux, France; Luce, Lucente, Danzante, and the wines
of Tenuta dell'Ornellaia, in partnership with the Marchesi de'
Frescobaldi of Tuscany, Italy; and Sena and Arboleda, in partnership
with the Eduardo Chadwick family of Vina Errazuriz in Chile. In
addition to the partnership wines, Robert Mondavi Imports represents
the wines of Marchesi de' Frescobaldi, Attems and Caliterra in the
United States.

   Cautionary Statement Regarding Forward-Looking Statements

   This announcement and other information provided from time to time
by the company contain historical information as well as
forward-looking statements about the company, the premium wine
industry and general business and economic conditions. Such
forward-looking statements include, for example, the anticipated
approval by the company's shareholders of the company's proposed plan
of merger with Constellation Brands, other statements regarding the
announced merger plan, the estimate of proceeds from the sale of
assets, projections or predictions about the company's future
earnings, interest and tax rates, financial returns, consumer demand
for its wines, including new brands and brand extensions, margin
trends, anticipated future investment in vineyards and other capital
projects, the premium wine grape market and the premium wine industry
generally. Actual results may differ materially from the company's
present expectations. Among other things, a soft economy, a downturn
in the travel and entertainment sector, risk associated with continued
conflict in the Middle East, reduced consumer spending, or changes in
consumer preferences could reduce demand for the company's wines.
Similarly, increased competition or changes in tourism to our
California properties could affect the company's volume and revenue
growth outlook. The supply and price of grapes, the company's most
important raw material, is beyond the company's control. A shortage of
grapes might constrict the supply of wine available for sale and cause
higher grape costs that put more pressure on gross profit margins. A
surplus of grapes might allow for greater sales and lower grape costs,
but it might also result in more competition and pressure on selling
prices or marketing spending. Interest rates and other business and
economic conditions could increase significantly the cost and risks of
projected capital spending. There are also significant risks
associated with the plan of merger announced November 3, 2004. The
announcement of the merger may impair management's ability to focus on
other needed areas of business execution. There is no assurance that
the company will successfully complete the merger within the expected
timeframe or at all and failure to complete the merger could adversely
affect the company's stock price. If the company fails to complete the
merger, it may be required to pay Constellation a termination fee and
the company will not realize any benefits from the expenses it has
incurred in preparation for the merger. In addition, certain officers
and directors of the company have conflicts of interest that may have
influenced them to support the plan of merger with Constellation. For
additional cautionary statements identifying important factors that
could cause actual results to differ materially from such
forward-looking information, please refer to Item 7, "Management's
Discussion and Analysis of Financial Condition and Results of
Operations," in the company's Annual Report on Form 10-K for the
fiscal year ended June 30, 2004 and to the risk factors below. For
these and other reasons, no forward-looking statement by the company
can nor should be taken as a guarantee of what will happen in the
future.

   Important Information For Investors And Shareholders

   In connection with the proposed merger, The Robert Mondavi
Corporation will file a proxy statement and other relevant documents
with the Securities and Exchange Commission (the "SEC"). INVESTORS AND
SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT WHEN IT BECOMES
AVAILABLE AS IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER
AND RELATED MATTERS. INVESTORS AND SHAREHOLDERS WILL HAVE ACCESS TO
FREE COPIES OF THE PROXY STATEMENT (WHEN AVAILABLE) AND OTHER
DOCUMENTS FILED WITH THE SEC BY THE COMPANY THROUGH THE SEC WEB SITE
AT WWW.SEC.GOV. THE PROXY STATEMENT AND RELATED MATERIALS MAY ALSO BE
OBTAINED FOR FREE (WHEN AVAILABLE) FROM THE COMPANY BY DIRECTING A
REQUEST TO THE COMPANY'S INVESTOR RELATIONS DEPARTMENT AT 841 LATOUR
COURT, NAPA, CA 94558; TELEPHONE (707) 251-4850; E-MAIL
MOND@ROBERTMONDAVI.COM.

   The company, Constellation Brands, Inc. and their respective
directors, executive officers, certain members of management and
employees may be deemed to be participants in the solicitation of
proxies in connection with the proposed merger. Information regarding
the persons who may, under the rules of the SEC, be considered to be
participants in the solicitation of the company's shareholders and
their interests in the solicitation will be set forth in the proxy
statement when it is filed with the SEC.


    CONTACT: The Robert Mondavi Corporation
             Robert Philipps, 707-251-4850
             (VP, Treasury & Investor Relations)
             Hilary Martin, 707-251-4487
             (VP Corporate Communications)