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

Monthly Archive: October 2022

Exclusive: Lawrence Wine Estates Acquires Bordeaux Second-Growth Chateau Lascombes

Napa Valley-based Lawrence Wine Estates has made its first European acquisition, agreeing to acquire Bordeaux second-growth Chateau Lascombes for an undisclosed sum. Continue reading →

Posted in News on October 31, 2022

Campari Bolsters Bourbon Portfolio With $600M Play For Wilderness Trail

Campari Group has agreed to acquire a 70% stake in Kentucky-based Wilderness Trail Distillery in a deal that values the business at $600 million. Campari has a call option to acquire the remainder of the company in 2031. Continue reading →

Posted in News on October 31, 2022

News Briefs for October 31, 2022

•Pendleton Whisky, part of the Proximo portfolio, has struck a sponsorship deal with the NFL’s Minnesota Vikings. Continue reading →

Posted in News on October 31, 2022

Craft Brewing and Distilling News for October 31, 2022

•Paso Robles, California-based Firestone Walker has unveiled “XXVI”—the latest edition of its Anniversary Ale, blended with the help of local winemakers. Continue reading →

Posted in News on October 31, 2022

Cuervo Sees Premiumization, Price Increases Drive 20% Sales Hike

Grupo Cuervo has posted a 20% increase in net sales to approximately $581 million for its fiscal third quarter ended in September, with EBITDA up even stronger at 33% to $142 million. Continue reading →

Posted in News on October 28, 2022

Market Watch: Rum Players Aim To Boost The Aged Segment

The overall rum category has been stuck at under 25 million cases in the U.S. for some time, but bottlings at the premium end—particularly top aged selections—are increasing by double digits, albeit from a small base. Continue reading →

Posted in News on October 28, 2022

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