Edrington Sells The Famous Grouse to William Grant & Sons
Edrington, the owner of The Macallan, has announced a significant deal in the Scotch whisky sector, agreeing to sell The Famous Grouse and Naked Malt Scotch whisky brands to William Grant & Sons. The Glasgow-based distiller described the move as the “right moment” to exit the blended category, according to a press release.
Park Street’s 2022 Beverage Alcohol M&A Overview Copy
2022 was another very busy year for mergers and acquisitions in the beverage alcohol space with over 50 deals made between suppliers. Deals were primarily driven by established beverage alcohol companies, but there was a noteworthy number of non-traditional companies...
IWSR Predicts Key Wine Trends That Will Drive Growth in 2021
While global wine consumption was significantly impacted by COVID-19 in 2020, it’s expected to see a big bounce back in 2021 and four key trends are likely to drive the market, according to analysis from IWSR. The shift to E-commerce will continue to benefit wine,...
Q4 Product Approvals Hint at Trends to Come in 2021
The final quarter of 2020 saw a few noteworthy trends in label approvals from the TTB, according to research firm bw166. Below are a few key category trends as indicated by product approvals. Lemonade-flavoring is ticking up in popularity and two notable additions to...
Silicon Valley Bank Predicts Rebound in Wine Demand in 2021
Silicon Valley Bank (SVB), one of the largest providers of financial services to wine producers, has released its 2021 State of the Wine Industry Report. The annual report predicted a strong consumer demand that gains momentum throughout 2021 as the hospitality,...
How 2020 Transformed the US Alcohol Industry
The pandemic certainly altered how consumers buy alcohol in the US in the short term, but will there be any lasting changes to the beverage alcohol category? Drizly's Bev Alc Insights team spoke to industry experts who provided insight on the longevity of channel...
Accessing the Impact of the $810M Gallo & Constellation Deal
Earlier this month, E&J Gallo and Constellation Brands finalized an $810 million mega-deal. The acquisition included 30 wine brands and five wineries, and was negotiated with the Federal Trade Commission for more than a year over the agency's concern that the...
The Demographic Trends That Will Drive Alcohol Consumption in the Future
The profile of alcohol consumers in the US has significantly changed over the last decade, according to research from Rabobank. Most notably, the average alcohol consumer is aging, with people over 50 accounting for 39% of consumption in 2019, up from 29% in 2007....
Constellation Sells Paul Masson Brandy to Sazerac for $255M
Constellation Brands has reached an agreement to sell Paul Masson Grande Amber Brandy to Sazerac for approximately $255 million. Paul Masson sells two million cases annually and is one of the world’s largest brandy brands. The deal would first require a review and...