Good Morning and Happy Friday. It's December 15, 2023.
Campari Group said it agreed to acquire Courvoisier from Beam Suntory for $1.2 billion with an expected additional $120 million to be paid in 2029, depending upon the brand's performance. The transaction sees the enterprise value of Courvoisier at $1.32 billion, about 17 times CAAP for 2022.
National Highway Traffic Safety Administration is seeking information about the state of technology to detect impaired driving, how to deploy the technology safely and effectively and other information to develop a standard to prevent impaired drivers from being able to drive a vehicle. Distilled Spirits
He died at age 100.
Winemakers are one step closer to being able to deal with smoke-tainted wine. Amaea, a technology company, said it has developed innovative, molecular filtration technology that will enable U.S. winemakers to recover more value from smoke impacted wine, without the need for excessive
Loeb Equipment, a leader in the global equipment and auction space, operating since 1880, will be conducting the auction of Metropolitan Brewing, Chicago, in mid-January 2024. The bankruptcy court has entrusted Loeb with the sale of assets from Metropolitan, an industry staple in German Lager brewing for the last 15
Chivas Regal, an icon of luxury blended Scotch whisky, announced its first U.S. led national advertising campaign with United is the New Gold. As a brand with rich history that's always celebrated those who are redefining success on their own terms, Chivas' new campaign embarks to reimagine hustle-culture
Victory Brewing Co. put the delicious flavors of Tastykake's Koffee Kake Cupkake into a sweet ale with notes of pound cake and cinnamon. Koffee Kake Ale will ship to Victory's distribution network in mid-December 2023 and be available in 6-pack 12 oz. bottles and draft until early March 2024, whileDec 14, 2023
Thanks for reading. I'll be back over the weekend with "What We're Reading' and Kane's Beverage Week. – Joel