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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.)

Amazon Buying Whole Foods for $13.7 Billion
FILED JUNE 16, 2017 is getting serious about its grocery game. News broke this morning that the e-commerce giant is buying Texas-based grocery chain Whole Foods Market for $13.7 billion - its largest transaction to date, according to Bloomberg. Amazon will now have 460 brick-and-mortar stores at its disposal.

B-F Plans to Shakeup Rye Category in US
FILED JUNE 7, 2017 As momentum picked up in the second half, Brown-Forman's US organic sales growth was up 4% (versus -3% reported) for the fiscal year ended April 30. B-F chief Paul Varga describes the year as "uniquely challenging" because during fiscal 2017 the company: 1) sold Southern Comfort and Tuaca; 2) acquired the BenRiach brands; and 3) came up against the huge launch of Jack Daniel's Tennessee Fire in F2016.

Alert, Del Maguey Joins Pernod Ricard Portfolio
FILED JUNE 7, 2017 Pernod Ricard USA's New Brand Ventures division has acquired a majority stake in Del Maguey Single Village Mezcal brand.

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