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Acquisitions

Why Would the Brown Family Want to Sell?

Why Would the Brown Family Want to Sell?

Ask yourself this question: If you were a member of the Brown Family that controls Brown-Forman, why in the world would you want to sell? Especially why would you want to sell to Pernod Ricard? For Brown-Forman's fiscal third quarter, through Jan. 31, sales increased 2%

Sazerac Said to Explore Deal with Brown-Forman

Citing unnamed sources, Reuters and The Wall Street Journal are reporting that Sazerac Co. is exploring a deal for Brown-Forman. It's been previously reported that Pernod Ricard is also in talks that may lead to a merger with the largest U.S. distiller by market cap. On

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-