Daily Archive: June 3, 2025
Treasury Evaluating Options In California Post-RNDC Exit
Treasury Wine Estates is “evaluating alternative distribution options” for its portfolio in the California market following yesterday’s news that partner Republic National Distributing Co. (RNDC) will be exiting that state effective September 2. Continue reading →
Circana: Off-Premise Spirits Declines Accelerate
With the threat of higher tariffs still looming, the U.S. spirits market’s decline in the off-premise accelerated the past four weeks, as volumes fell 2.5% in the four-week period ending May 12, according to IRI/Circana. Continue reading →
The Wine Group Closes 12M-Case Deal For Constellation Wine Brands
In case you missed yesterday’s news alert, The Wine Group has closed its previously announced acquisition of a number of wine brands and facilities from Constellation Brands for an undisclosed sum. Continue reading →
Wine Spectator: Araujo Family Sells Accendo Winery To Napa’s Bettinelli Family And Jack Bittner
Siblings Greg and Jaime Araujo have sold their family’s Accendo brand to a group formed by vintner Jack Bittner and the Bettinelli family. Continue reading →
News Briefs for June 3, 2025
•High West, part of the Constellation Brands portfolio, has released this year’s edition of the Prisoner’s Share, a blend of Bourbon and rye whiskies finished in red wine barrels from The Prisoner winery. Continue reading →
Cresco, Canopy Flag Challenging Market Conditions
The cannabis industry continues to face headwinds, with both U.S.-based Cresco Labs and Canada’s Canopy Growth reporting challenging conditions in their fiscal first and fourth quarters respectively. Continue reading →
Posted in News on June 3, 2025
