Constellation Brands said Luca Zaramella, chief financial officer or Mondelez International, and William (Bill) T. Giles, former CFO of AutoZone were elected to the company's board of directors. They were nominated by Elliott Investment Management, an activist investor that Wall Street analysts said they expected to help steer corporate governance
Wander + Ivy, an organic single-serve wine brand, announces another seven-figure round of funding. In addition to surpassing fundraising goals, Wander + Ivy recently released its newest wine, a French Sauvignon Blanc, and expanded wholesale distribution to New York and Wisconsin, bringing the total brand footprint to 15 states. “Since founding the
If Christophe Navarre, the former CEO and chairman of Moet Hennessy, has his way, wine will soon be globally recognized as an investment class, similar to stocks, bonds, commodities, real estate and timber. The vehicle for this transformation? Cult Wines, which has been in business since 2007. It is the
Pronghorn announced four additional angel investments in Black-owned spirits companies – Greenwood Whiskey, Red Hazel Whiskey, TCapri Tequila, IslandJon Vodka. * Greenwood Whiskey honors the Historic Greenwood District neighborhood in Tulsa, Okla., which saw the growth of 600 African American owned businesses - the largest concentration in the US in 1921. Greenwood
Fresh Vine Wine, Inc. said the subscription period for the previously announced rights offering has begun. The subscription rights are non-transferable and may only be exercised during the subscription period, which will extend through 5 p.m. ET on March 9 unless extended or earlier terminated by Fresh Vine Wine.
Pronghorn has unveiled its newest round of angel investments in four additional Black-owned spirits companies: Anteel Tequila, Common Ground Spirits, Delta Dirt Distillery, and Old Hillside Bourbon Co. In addition to money, the distillers will be supported with critical resources like consulting services, direct industry expert access, and more to
Fun Wine Co., Inc., developer of a innovative product line of better-for-you Premium Wine Cocktails, said it began offering of $15 million in 5-year, 9% Convertible Notes. Proceeds to be used primarily for marketing and to expand Fun Wine's business in the US, Asia and Latin America. Lead investor Starr