Wine & Spirits Daily

  • Spain's Codorniu Rebuffs Carlyle Group's Takeover Bid
    on April 20, 2018 at 7:52 pm

    Yesterday, Barcelona-based cava producer Codorniu turned down a takeover bid from US private equity firm the Carlyle Group, per a Codorniu spokesperson, reports Reuters. But the company is still interested in gaining an investor partner. […]

  • Pernod Now has "More Leeway" for Acquisitions
    on April 19, 2018 at 9:02 pm

    Pernod Ricard reported a sales increase of 6% in the Americas for the nine months ended March 31, driven by growth in the US (up 3%). However, cfo Gilles Bogaert highlighted the deceleration in the US spirits category on this morning's earnings call. […]

  • Alert, Napa's Heitz Wine Cellars Gets New Ownership
    on April 18, 2018 at 10:12 pm

    Napa-based Heitz Wine Cellars has been sold to billionaire Gaylon Lawrence, the principal investor in The Lawrence Group, a 75-year-old farming operation. No purchase price was disclosed. […]

  • Alert, A-B InBev Buys Boutique-y Whisky Co. & Master of Malt
    on April 18, 2018 at 4:21 pm

    Anheuser-Busch Inbev's incubation division ZX Ventures has acquired UK-based spirits company Atom Group, per a message to its wholesale network. No financial details were disclosed. […]

  • Remy Ends FY with Sales up 6.5% in the US
    on April 18, 2018 at 1:07 pm

    Remy Cointreau finished out its fiscal year (ended March 31) at a 6.5% organic sales increase for the Americas region - a solid rate to be sure, but slightly lower than the previous year. Remy Cointreau brass attributed the deceleration to "slightly softer" spirits trends in the US, and the effects from the hurricanes in the Caribbean last year. […]