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Acquisitions

Heck Doubles Down on Kenwood's Vineyard-Driven Wines

More than a decade after he sold Kenwood Vineyards to Pernod Ricard, Gary Heck has reacquired the historic property. It won't be turned into a housing development. Instead, Heck reaffirmed its vineyard-driven foundations. “People might look at this moment and ask, ‘Is he crazy?’” said Heck. “But

Unnecessary Panic? Eagle Rock to Lay Off All Employees as It Merges with SGWS

We suspect this is much adoo about nothing. Colorado media are breathlessly reporting that Eagle Rock Distributing Co., which recently agreed to merge into Southern Glazer's Wine & Spirits has notified the State of Colorado that it will permanently lay off all 514 employees on June 5. We

Cain Vineyards & Winery Acquired by Third Leaf Partners

Cain's winery, tasting room and a significant part of its Spring Mountain vineyard were destroyed by the 2020 Glass Fire. Only the winery was rebuilt. Now the brand and inventory has been sold to Third Leaf Partners, a San Francisco investment firm. Terms weren't disclosed, but

What's Gary Heck Going to Do With Kenwood Vineyards?

The answer is, no one except Gary (and maybe a few close friends andd associates) knows. We asked, and got no response. Heck, the owner of Korbel Champagne, bought back the Sonoma County winery. Prior to the sale, Pernod Ricard, which bought the property from Korbel, sold the 33-acre

Pernod Circling B-F with Acquisition in Mind

keepingPernod-Ricard is in talks to acquire Brown-Forman. Pernod has a market value of around $17 billion, while Brown-Forman has a market value of around $12 billion. There's no guarantee there will be a deal, they added. When the possible transaction was disclosed by Bloomberg, Brown-

AccelPay Acquires Reserve Bar

AccelPay said it acquired ReserveBar. Terms weren't disclosed. Both companies seek to enable scalable alcohol commerce in a highly regulated and fragmented market. AccelPay provides ecommerce and payments infrastructure for emerging and growing alcohol brands, while ReserveBar operates a luxury consumer marketplace and enterprise commerce enablement technology supporting

LVMH Sells Chandon's India Operations, Keeps China's

LVMH Louis Vuitton Moet Hennessy, which is currently navigating its most significant downturn in recent history, has just sold Chandon's Indian operations – but not its brand assets – to Sula. Why? And why India, rather than China, where wine operators generally are having a tough time? For all of