Tequila Avion founder, president to remain involved with brand
January 18, 2018
New York-based Pernod Ricard USA is announced that it has completed the acquisition of the remaining stake in Avión Spirits LLC, owner of the ultra-premium tequila brand Avión, from its joint-venture partner Tequila Avión, New York. Founder Ken Austin and President Jenna Fagnan, along with Grammy Award winner Jeezy, will remain highly involved and financially incentivized at least until 2020 to help fuel its next wave of growth, the company says.
Louisville-based Copper & Kings American Brandy Co. announced the sale of a minority equity stake to Victor, N.Y.-based Constellation Brands, a leading international producer of beer, wine and spirits.
Layer Cake, Cherry Pie and If You See Kay join company’s portfolio
December 12, 2017
Vintage Wine Estates (VWE), Santa Rosa, Calif., announced an agreement to acquire three wine brands from Jayson Woodbridge: Layer Cake, Cherry Pie and If You See Kay. The deal is scheduled to close Jan. 2, 2018, the company says.
Whether it’s Amazon’s acquisition of Whole Foods Market or Walmart’s acquisition of Jet.com, the growth and impact of grocery eCommerce has become ever more visible in the past few years.
Wine brand offers Zinfandel, soon-to-be-released Red Blend
November 28, 2017
Jelly Jar Wines, a brand established in 2008 by fourth-generation Napa Valley winemaker Andy Pestoni and his wife, Shannon, has joined the growing portfolio at WX Brands, Novato, Calif.
Merger will facilitate investments in technology to streamline operations
November 21, 2017
Republic National Distributing Co. LLC (RNDC), New Orleans, a distributor and broker of premium wine and spirits, and Breakthru Beverage Group LLC, New York, a distributor and broker of beer, wine and spirits in the United States and Canada, announced the execution of a Letter of Intent to combine their assets and operations.