Texas Retailer Twin Liquors Expands Into Dallas With Acquisition Of Sigel’sJuly 2, 2018
Dallas-based package store chain Sigel’s, which entered bankruptcy in late 2016, has been acquired by Austin-based retailer Twin Liquors, the Dallas Morning News reports. The price wasn’t disclosed, but the report noted that Dallas chain Goody Goody Liquors also bid on Sigel’s, which has eight stores in the Dallas market.
Sigel’s came under pressure in recent years as retail chains like Spec’s and Total Wine and More have aggressively expanded into the Dallas-Fort Worth market, along with grocers like Trader Joe’s, Kroger, and Whole Foods. Spec’s lodged a takeover offer for Sigel’s in 2012, but the two sides were unable to come to a deal.
For Twin Liquors, the Sigel’s acquisition marks another milestone in its own long-term expansion, which has seen the chain branch out from its Austin base into new territories like Houston, Waco, San Antonio, and the Texas hill country in recent years. Now, Twin, which has more than 80 stores overall, will enter the fray in the increasingly competitive Dallas market. —Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.