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Daily Archive: May 4, 2020

Interview, Part 1: Jim Mortensen, President And CEO, Ste. Michelle Wine Estates

In its first quarter results released last week, Ste. Michelle Wine Estates parent company Altria recorded pre-tax charges of $392 million on Ste. Michelle’s operations—including a $292 million wine inventory write-off and $100 million for losses on future non-cancellable grape purchases. Continue reading →

Posted in News on May 4, 2020

Cuervo Ups Stake In Proper No. Twelve To 49%

Grupo Cuervo has increased its stake in Conor McGregor’s Eire Born Spirits LLC, owner of Proper No. Twelve Irish whiskey, to 49%. Continue reading →

Posted in News on May 4, 2020

News Briefs for May 4, 2020

•Constellation Brands has formally raised its stake in Canadian cannabis producer Canopy Growth to 38.6% through an exercise of existing warrants. Continue reading →

Posted in News on May 4, 2020