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Acquisitions

Sazerac Explores Takeover of Berentzen

Berentzen said it is the latest target in an acquisition drive by Sazerac. Sazerac declined to comment.

Berentzen says it is one of the oldest spirits producers in Germany and its schnapps brand leads the market in fruity spirits.

First-half profit fell 84%, a result, the company said, of low demand for its products, especially in Germany, where consumer financials are stressed.

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Veritas Legacy Partners Closes Acquisition of Veritas Vineyard & Winery

Veritas Legacy Partners said it closed on the acquisition of Veritas Vineyard & Winery, one of Virginia’s premier wine and vino-tourism destinations. The closing follows the transaction agreement announced earlier this year and marks a seamless transition into the winery’s next era of growth and stewardship. VLP

Is Brown-Forman Pursuing a 'Failing Strategy,' Rewarding Failure 'Lavishly?

The accusations were about as serious as any could be. Brown-Forman's management had enriched itself despite a failing strategy and the board "is rewarding failure, and doing so lavishly and publicly." So said a letter written by two members of the family that controls Brown-

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