Uncle Nearest Premium Whiskey is possibly closer to new ownership after its court-appointed receiver announced today he has signed a non-binding letter of intent (LOI) to sell nearly all of the brand’s assets to a confidential buyer.
After months of legal wrangling, a federal judge has delivered a ruling that keeps Uncle Nearest Premium Whiskey under court-supervised receivership and extends that control to founder Fawn Weaver’s personal holding company.
Brown-Forman has rejected a $15 billion takeover offer from Kentucky rival Sazerac.
Ready-to-drink hard lemonade has surged to $1.5 billion in sales, but new styles are squeezing out the segment’s mainstays.
Indianapolis-based Sun King Brewing has expanded its empire with the acquisition of Hotel Tango Whiskey’s brand assets, the brewery announced this week.
The will-they, won’t-they between Brown-Forman and Pernod Ricard has ended with an emphatic they won’t. The spirits giants announced today they “were unable to reach mutually agreeable terms,” ending discussions regarding a potential combination of their businesses.
Spirits giant Sazerac announced today a “strategic partnership” with 818 Tequila, the brand founded by model and reality TV star Kendall Jenner.
Sazerac offered to acquire Brown-Forman for about $15 billion, according to a new report from the Wall Street Journal.
Weeks after Brown-Forman and Pernod Ricard confirmed they are in merger talks, Sazerac has entered the chat – but analysts are skeptical that the two whiskey giants can make a deal.
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Mark D. Anderson, the founder and former CEO of shuttered Drake’s Organic Spirits, alleging he orchestrated a years-long investor fraud scheme that raised $2.4 million.
Weeks after Pernod Ricard and Brown-Forman confirmed that they are in merger talks, Sazerac is now reportedly eyeing a deal with the Jack Daniel’s maker.
The Milan-based parent company of Fernet-Branca has invested in alcohol-removal technology, but don’t expect a zero-proof Fernet (at least yet).
When two spirits giants merge, what does that mean for smaller, independent suppliers?
Bardstown Bourbon’s president Pete Marino is leaving his post in June after three years with the company.
