Daily Archive: July 9, 2021
Ste. Michelle Sold To Private Equity Firm Sycamore Partners In $1.2 Billion Deal
In case you missed this morning’s news alert, eighth-ranked U.S. wine marketer Ste. Michelle Wine Estates, with volume of 7.3 million cases, is being sold by corporate parent Altria to New York-based private equity firm Sycamore Partners for $1.2 billion. Continue reading →
Posted in News on July 9, 2021Wine Spectator: Quilceda Creek Winemaking Team Jumps Ship
There’s nothing unusual about a winemaker changing jobs, but what happens when an entire winemaking team jumps ship to another winery? Continue reading →
Posted in News on July 9, 2021Terlato Sees Wine Consumers Trading Up In The On-Premise
With the U.S. on-premise enjoying a rebound this year after the shutdown of 2020, Illinois-based importer and marketer Terlato Wines says consumers appear increasingly eager to trade up within the higher echelons of the wine category. Continue reading →
Posted in News on July 9, 2021Spirits Growth Accelerates In Control States
After a modest first quarter, spirits volume has accelerated the past two months in the U.S. market’s 18 control jurisdictions to bring gains up to 7.8% cumulatively in the year-to-date through May, according to the National Alcohol Beverage Control Association (NABCA). Continue reading →
Posted in News on July 9, 2021News Briefs for July 9, 2021
•Proximo Spirits has teamed with UFC to make Jose Cuervo the official Tequila of the mixed martial arts league. Continue reading →
Posted in News on July 9, 2021Exclusive: Ste. Michelle Wine Estates Sold To Private Equity Firm Sycamore Partners For $1.2 Billion
One of the largest winemakers in the U.S. is set to change hands. Continue reading →
Posted in News on July 9, 2021
