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Archive for May, 2016

Proximo Enters Burgeoning Mezcal Segment With Creyente Brand

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Proximo Spirits is moving into the small but fast-growing mezcal category with a new upscale brand, Creyente. Retailing at around $50 a 750-ml., the 80-proof mezcal is launching nationally, joining a Proximo portfolio that includes Jose Cuervo, 1800, The Kraken, … Continue reading

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Former Bacardi President Ferrán To Become Diageo Chairman

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Diageo has announced that Javier Ferrán will be appointed to its board as “chairman designate,” and will become chairman of the company on January 1, 2017, when current chairman Franz Humer retires. Ferrán is a partner at Lion Capital, having … Continue reading

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News Briefs for May 18, 2016

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•Gruppo Campari is set to officially launch its tender offer to gain control of Grand Marnier parent company Societe des Produits Marnier-Lapostolle. Running for 25 days, the offer of €8,050 ($9,074) per share values the company at around €684 million … Continue reading

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Craft Brewing and Distilling News for May 18, 2016

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•Wyoming Whiskey is launching a new Private Stock Barrel Program for retailers and restaurants next month. Accounts nationwide will be able to choose their own private barrel from five different 100-ml. samples ranging from 92-97 proof. Each barrel yields between … Continue reading

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GI Partners takes Far Niente Wine Estates share

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San Francisco-based investment firm GI Partners has taken a stake in Napa winery Far Niente Wine Estates.  Read more

Southern Wine & Spirits launches artisanal wine, spirits unit

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Southern Wine & Spirits' Florida unit has created an Artisanal Fine Wine & Spirits division as it looks to champion smaller producers.  Read more

FrÏs Cooling Pineapple

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FrÏs Vodka, a brand of Pernod Ricard USA, announced the release of FrÏs Cooling Pineapple in Florida, Georgia and South Carolina.  Read more

Jackson Family Wines adds California’s Copain Wines to roster

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Jackson Family Wines has lined up another winery acquisition, this time in its home state of California. Read more

Duckhorn Owner Buys Majority Share of Far Niente

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Napa Valley's Far Niente Wine Estates has sold a majority stake to private equity group GI Partners, the majority owners of Duckhorn Wine Company. The investment includes the Far Niente winery, as well as sister wineries Dolce, Nickel & Nickel, EnRoute and Bella Union. Though winery owners Beth Nickel, Erik Nickel, Dirk Hampson and Larry Maguire are still shareholders. Read more

Dulce Vida Tequila Sells to Former Deep Eddy Owners

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Earlier this month, we reported Deep Eddy co-founder Clayton Christopher has established a new venture with Mighty Swell Sparkling Cocktails [see WSD 05-05-2016]. Today, the other Deep Eddy co-founder Chad Auler, and former Deep Eddy chief Eric Dopkins... Read more