Daily Archive: December 24, 2024
Butterfly Completes $2 Billion Deal For Duckhorn
Los Angeles-based private equity group Butterfly has completed its acquisition of California luxury wine player Duckhorn for $11.10 per share, in an all-cash transaction valued at approximately $1.95 billion. Continue reading →
Posted in News on December 24, 2024Retailers See Gifting Boost Sales In Run-Up To Year-End
With the holiday season in full swing, beverage alcohol retailers are finding creative ways to add customer value and finish the year strong. Continue reading →
Posted in News on December 24, 2024Darden Sales Near $3 Billion In Fiscal Second Quarter
Florida-based restaurant giant Darden posted sales up 6% to $2.9 billion in its second quarter ended November 24, boosted by blended same-restaurant sales up 2.4% as well as the addition of 103 Chuy’s restaurants and 39 net new locations. Continue reading →
Posted in News on December 24, 2024Growing Hemp THC Segment Facing More State Regulation Heading Into 2025
As the hemp THC beverage segment continues to expand, regulators across several states are eyeing new restrictions on the category. Continue reading →
Posted in News on December 24, 2024Massachusetts And Michigan See Record Cannabis Sales
Lifetime adult-use cannabis sales have hit nearly $10 billion in Michigan and surpassed $7 billion in Massachusetts, with the states’ markets coming online in 2019 and 2018, respectively. Continue reading →
Posted in News on December 24, 2024Cannabis Briefs for December 24, 2024
•Pennsylvania governor Josh Shapiro has signaled that he will include cannabis reform in his next budget proposal, the third time Shapiro has made this request. Continue reading →
