The Wine Group Takes Minority Stake In Rising RTD Label Rancho La GloriaNovember 5, 2021
In case you missed yesterday’s news alert, The Wine Group has taken a minority stake in MPL Brands, known for wine-based cocktail label Rancho La Gloria. An Impact “Hot Brand,” Rancho La Gloria reached 1.3 million cases in the U.S. last year, and is currently projected at approximately 1.8 million cases for 2021. The Wine Group plans to bolster the brand’s innovation pipeline moving forward. Here’s the full story.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.