News Briefs for March 24, 2021March 24, 2021
•Philadelphia, Pennsylvania-based e-commerce player GoPuff is now valued at nearly $9 billion, following a new round of funding that will inject $1.15 billion into the business. The delivery platform has received investment from D1 Capital Partners, Fidelity Management and Research Company, Baillie Gifford, Eldridge, Reinvent Capital, Luxor Capital, and SoftBank Vision Fund 1. The new funds will go toward GoPuff’s expansion—both in the U.S. and internationally—as well as adding new products and technological upgrades for the overall platform. GoPuff made a splash in the drinks business last year with the acquisition of West Coast retail chain BevMo.
•Kentucky’s Bardstown Bourbon Co. has announced its second collaboration with California wine brand The Prisoner, set to hit shelves on April 1. The whiskey—the latest in Bardstown’s Collaboration Series—is a 10-year-old Tennessee bourbon, bottled at 50%, and finished for 18 months in barrels used to mature The Prisoner’s flagship red blend. Bardstown Bourbon Company & The Prisoner Wine Company Collaboration will retail for around $124 a 750-ml. and will be available in limited quantities in Bardstown’s distribution footprint. Constellation Brands is a minority stakeholder in Bardstown Bourbon Co. and the owner of The Prisoner family of wines.
•Livermore, California’s Wente Family Estates has named David Enderle as chief sales officer. Enderle joined Wente in 2015 and has served as the company’s senior vice president, national accounts. Stepping into Enderle’s previous role is Chris McAllister, a four-year veteran of the company who most recently was vice president of national accounts. Finally, Aly Wente has been promoted to vice president of marketing and customer experience. This new role will expand Wente’s responsibilities, adding oversight of the company’s hospitality business.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.