Spain's Codorniu Rebuffs Carlyle Group's Takeover Bid
FILED APRIL 20, 2018 Yesterday, Barcelona-based cava producer Codorniu turned down a takeover bid from US private equity firm the Carlyle Group, per a Codorniu spokesperson, reports Reuters. But the company is still interested in gaining an investor partner. Read More
Pernod Now has "More Leeway" for Acquisitions
FILED APRIL 19, 2018 Pernod Ricard reported a sales increase of 6% in the Americas for the nine months ended March 31, driven by growth in the US (up 3%). However, cfo Gilles Bogaert highlighted the deceleration in the US spirits category on this morning's earnings call. Read More
Alert, Napa's Heitz Wine Cellars Gets New Ownership
FILED APRIL 18, 2018 Napa-based Heitz Wine Cellars has been sold to billionaire Gaylon Lawrence, the principal investor in The Lawrence Group, a 75-year-old farming operation. No purchase price was disclosed. Read More
Alert, A-B InBev Buys Boutique-y Whisky Co. & Master of Malt
FILED APRIL 18, 2018 Anheuser-Busch Inbev's incubation division ZX Ventures has acquired UK-based spirits company Atom Group, per a message to its wholesale network. No financial details were disclosed. Read More
Remy Ends FY with Sales up 6.5% in the US
FILED APRIL 18, 2018 Remy Cointreau finished out its fiscal year (ended March 31) at a 6.5% organic sales increase for the Americas region - a solid rate to be sure, but slightly lower than the previous year. Remy Cointreau brass attributed the deceleration to "slightly softer" spirits trends in the US, and the effects from the hurricanes in the Caribbean last year. Read More
The Stories Behind Del Maguey
FILED APRIL 17, 2018 Your editors have interviewed dozens of successful alcohol entrepreneurs. Many are larger-than-life characters with singularly unique perspectives, but one trait almost all of them have in common is they're good storytellers. Ron Cooper, founder of Del Maguey, is one of the best. Read More
Luxco Takes Over its Irish Partner Niche Drinks
FILED APRIL 16, 2018 The Irish gold rush continues as Luxco has taken a majority stake in its long-term partner Niche Drinks, based in Derry, Ireland. Niche Drinks, is the producer for Luxco Read More
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