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Private Equity Expected to Step Up M&A Participation in Wine

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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

Caymus Vineyards’ Chuck Wagner Speaks Out On Napa Valley’s Future

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Caymus Vineyards has had a fraught relationship with Napa County officials in recent years, with long-running tensions centering on allegations that Caymus violated local Napa ordinances and bottled more wine than permitted. Caymus settled the dispute by paying a $1 … Continue reading

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SABMiller Shareholders Approve Acquisition By A-B InBev, Creating Unparalleled Brewing Force

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Anheuser-Busch InBev’s long pursuit of top brewing rival SABMiller will be completed, as SABMiller shareholders today voted in favor of the $100 billion-plus acquisition. With approval now in hand, A-B InBev expects the combination of the two companies to be … Continue reading

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News Briefs for September 28, 2016

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•Pernod Ricard’s Kahlúa liqueur has extended its year-round lineup with the launch of Kahlúa Chili Chocolate. Blending chocolate with spicy chili pepper notes, the new 20%-abv expression is rolling out this fall, retailing at $19 a 750-ml. Kahlúa Chili Chocolate … Continue reading

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Craft Brewing and Distilling News for September 28, 2016

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•Seattle-based Two Beers Brewing and sister company Seattle Cider have merged with French agribusiness cooperative Agrial Group. Financial terms weren’t disclosed. Agrial, the largest cider producer in France, will help the Seattle-based brands—which will continue to operate independently under founder … Continue reading

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Cuervo Officially Files for IPO in Mexico

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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 r... Read more

Cuervo Files For IPO On Mexican Stock Exchange

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In a long-awaited move, Casa Cuervo, owned by the Beckmann family, has filed a prospectus for an initial public offering on the Mexican stock exchange, according to published reports. The company didn’t disclose any projections for the offering, but Bloomberg … Continue reading

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Exclusive: Impact Salutes Drinks Industry’s “Blue Chip Brands”

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Shanken’s Impact Newsletter has released its annual list of Blue Chip Brands, highlighting the wine, spirits and beer business’s household names. Some 62 brands from across the drinks industry met Impact’s criteria for joining this exclusive honor roll. In the … Continue reading

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Alert: Stoli Group CEO Steps Down

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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

Super-Premium Growth In U.S. Drives Record Profits For William Grant

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While challenges abound across the global spirits market, rising upscale sales in the U.S. are driving gains for William Grant & Sons. In figures just released, William Grant revealed that it reached a record profit of £147 million ($191m) in … Continue reading

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