Days are Numbered for Constellation Canadian Wine Business
FILED SEPTEMBER 30, 2016 Constellation Brands has put its Canadian wine business on the auction block, and is already looking at offers from "several" parties, according to WSJ. Companies interested in the business include: Ontario Teachers Read More
Sazerac Picks up Fris Vodka from Pernod
FILED SEPTEMBER 30, 2016 Pernod Ricard has sold the Fris vodka brand to Sazerac in order to focus on its priority spirits and wines brands, per a sparse release. Fris sells 250,000 cases in the US, with sales up 17% for three months through July, per NABCA data. The purchasing price was not disclosed. Read More
Lucky's Buyer Talks Shelf Set Strategy
FILED SEPTEMBER 29, 2016 Earlier this week we published the first part of an interview with Julie Joy, the Director Beer, Wine and Spirits for organic retailer Lucky's Market [see WSD 09-26-2016]. Today we'll continue that conversation right where we left off as Julie discusses bourbon prices and shelf space, hot brands and canned wines. Read More
Private Equity Expected to Step Up M&A Participation in Wine
FILED SEPTEMBER 28, 2016 And so another Wine Financial Symposium has come and gone. Aside from how healthy the wine business is, the most popular topic of conversation was mergers and acquisitions. A consistent reprisal from industry experts was that the pace of M&A is not likely to slow any time soon. Though, we may see some new players in 2017. Read More
Cuervo Officially Files for IPO in Mexico
FILED SEPTEMBER 27, 2016 Following months of speculation and rumors, the Beckmann family, owner of Casa Cuervo, has officially filed for an initial public offering on the Mexican stock exchange, reports Reuters. The IPO filing didn't reveal much, but you may recall, previous reports estimated the Beckmanns would seek between $750 million and $1 billion [see WSD 05-31-2016]. Read More
Alert: Stoli Group CEO Steps Down
FILED SEPTEMBER 27, 2016 Stoli Group ceo Robert Cullins is leaving the company, effective October 15. This is a result of a "joint decision" as part of the company's "restructuring and ongoing plan to accelerate international growth and development," per a release. Read More
Organic Retailer Shares Category Preference Insights
FILED SEPTEMBER 26, 2016 You may recall our previous reports showing that as the white middle class shrinks, niche alcohol retailers like dollar stores, organic/natural stores and Hispanic supermarkets are on the rise [see WSD 05-19-2016]. One such organic retailer that recently caught our eye is Lucky's Market, a retailer whose pitch is organic living for the 99%. Read More
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