Acquisitions
Asahi Acquires Octopi Brewing, to Begin Making Beer in U.S.
Campari Group to Acquire Courvoisier from Beam Suntory in $1.2 Billion Deal
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
Flaviar Purchases Wine-Searcher
Flaviar, a New York company spedcializing in spirits subscription clubs, has purchased Wine-Searcher for an undisclosed sum. Earlier, Flaviar cnapped up in spirits subscription clubs, has purchased Wine-Searcher for an undisclosed sum.
‘This is a classic case where the sum is greater than the parts,’ said Flaviar CEO Jugoslav Petkovic,
Winebow Imports Expands Italian Offerings
Winebow Imports welcomes Pecchenino, a family-run winery in Piedmont, and Podere Forte, a Demeter-certified biodynamic estate in Tuscany's Val d'Orcia, to the Heritage Division of Winebow Imports, effective Jan. 1, 2024.
"We are delighted to have these esteemed wineries join our Italian portfolio," said
Private Equity Buys Griffo Distillery
MGD Acquisition, LLC, a private equity firm, acquired Griffo Distillery of Sonoma, Calif. Terms weren't disclosed.
MGD, comprised of a group of individual investors, plans to expand Griffo's market presence by helping distribute Griffo's top-tier spirits nationwide. The partnership with MGD promises to preserve
Duckhorn to Acquire Sonoma-Cutrer Vineyards
Duckhorn Portfolio acquired to acquire Sonoma-Cutrer Vineyards from Brown-Forman Corp. for about $400 million to be paid in a combination of Dockhorn stock and cash.
This acquisition will enhance Duckhorn Portfolio as a leading luxury ($15+ per bottle) wine company in the U.S., while rounding out its portfolio by