Exclusive news and research on the wine, spirits and beer business

Daily Archive: January 12, 2021

News Alert: Constellation Closes $265 Million Sale Of Paul Masson Grande Amber Brandy To Sazerac

Constellation Brands has closed its sale of Paul Masson Grande Amber Brandy to Sazerac for $265 million. The deal includes the brand, related inventory, and interests in certain contracts, and is subject to post-closing adjustments. Continue reading →

Posted in News on January 12, 2021

Impact Databank: Spurred By Off-Premise Surge, U.S. Wine Market Rises By An Estimated 2% In 2020

The full effect of the Covid-19 pandemic on the off-premise wine sector in 2020 can now be fully ascertained, as total case volumes in IRI channels for the 52 weeks ending December 27 accelerated to a double-digit gain of 10.1%, while retail dollars rose even more, by 14%. Continue reading →

Posted in News on January 12, 2021

News Briefs for January 12, 2021

Cigar Aficionado’s Top 25 countdown continues today at 10am with the unveiling of cigars Nos. 7, 6, and 5. Continue reading →

Posted in News on January 12, 2021

Craft Brewing and Distilling News for January 12, 2021

•Virginia-based Catoctin Creek Distilling Co. is set to triple its capacity with a $1 million distillery upgrade. Continue reading →

Posted in News on January 12, 2021

New York Renews Legalization Push, Other Eastern States Likely To Follow Suit

As a new year begins, lawmakers nationwide are returning to work and outlining their top priorities for their upcoming legislative sessions, with cannabis at the top of the list in many states. Continue reading →

Posted in News on January 12, 2021

Cannabis Briefs for January 12, 2021

•Former Aurora Cannabis CEO Terry Booth is joining U.S.-based cannabis investment company Australis Capital as CEO. Continue reading →

Posted in News on January 12, 2021

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