WhistlePig Lining up a Sale?
FILED JUNE 23, 2017 Vermont-based WhistlePig Whiskey is exploring a sale, according to Bloomberg. The company has invited suitors to submit formal takeover bids, but the publication stresses they are in the very early stages and nothing is guaranteed. Read More
CA Retailer Heralds Whiskey Price War
FILED JUNE 22, 2017 David Driscoll, K&L Wine Merchants' head spirits buyer, claims now is the best time to be a whiskey drinker... but not for the reason you might hope. He believes California is "about to see what happens when an entire retail industry goes to war over pricing due to an oversaturated, overstretched, and overexposed whiskey market that's beginning to buckle under all that extra weight," per a recent blog post. Read More
More Color on Casamigos Acquisition
FILED JUNE 21, 2017 "We created Casamigos Tequila 4 years ago for us to drink personally and selling it for 1 billion dollars is something we never could have imagined," says co-founder Rande Gerber. Read More
Alert, Diageo Buying Casamigos for up to $1 Billion
FILED JUNE 21, 2017 Now that he's a father, George Clooney is getting out of the Tequila ownership business--twins don't pay for themselves, you know. Diageo is set to acquire his Casamigos tequila brand for a whopping $1 billion. (Not bad for a four-year-old company.) Read More
Ninth Circuit: Tied-House Trumps First Amendment
FILED JUNE 20, 2017 Last week the Ninth Circuit Court upheld California's tied-house laws in a case brought by a digital marketing company. This decision reversed a previous ruling, and essentially established that California's tied-house laws do not violate the First Amendment. Read More
Grokking Amazon's Whole Foods Acquisition
FILED JUNE 19, 2017 Last week Amazon.com announced the game-changing acquisition of Whole Foods Market (WFM) for $13.7 billion [see WSD 06-16-2017]. Having taken the weekend to research and mull over the deal, let's take a look at some of the implications for the alcohol business. Read More
Alert: Constellation Adds Schrader Cellars to Fine Wine Portfolio
FILED JUNE 16, 2017 Constellation Brands has acquired Schrader Cellars in Napa Valley for an undisclosed sum. Under the terms of the agreement, Constellation will continue Schrader's current vineyard sourcing, pick up its inventories, adding eight Schrader cabernet sauvignons to its fine wine portfolio. Read More
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