Sun King Brewing Acquires Hotel Tango Whiskey; Opens 8th Taproom in Indiana
Indianapolis-based Sun King Brewing has expanded its empire with the acquisition of Hotel Tango Whiskey’s brand assets, the brewery announced this week.
Spirits
Brown-Forman and Pernod Ricard Terminate Deal Talks
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.
Sazerac Invests in Kendall Jenner’s 818 Tequila for Nationwide Sales and Distribution Partnership
Spirits giant Sazerac announced today a “strategic partnership” with 818 Tequila, the brand founded by model and reality TV star Kendall Jenner.
Report: Sazerac Bid $15 Billion For Brown-Forman
Sazerac offered to acquire Brown-Forman for about $15 billion, according to a new report from the Wall Street Journal.
Sazerac Bid for Brown-Forman May Face Antitrust and Strategic Hurdles
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.
SEC Sues Drake’s Organic Spirits For $2.4M In Investor Fraud
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.
Report: Sazerac Explores Brown-Forman Deal
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.
Why Fernet-Branca’s Parent Company Bet On Alcohol-Removal Tech
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).
Brown-Forman, Pernod Ricard Merger Could Lead to Fewer Buyers and Distributors for Independent Brands
When two spirits giants merge, what does that mean for smaller, independent suppliers?
Pete Marino to Exit Bardstown Bourbon
Bardstown Bourbon’s president Pete Marino is leaving his post in June after three years with the company.
Brown-Forman, Pernod Ricard Confirm Talks; Wall Street Sees ‘Significant Merit’
Hours after a Bloomberg report sent the beverage-alcohol rumor mill into overdrive about a potential deal between spirits giants Pernod Ricard and Brown-Forman, both companies confirmed Thursday evening that they are in talks.
Casamigos Adds Pre-Mixed Margaritas
Diageo’s Casamigos, the O.G. celebrity tequila brand co-founded by George Clooney, is entering ready-to-serve cocktails with a new line of pre-mixed margaritas.
Court Dismisses Uncle Nearest Bankruptcy Case, Leaving Receivership Intact
The legal battle over Uncle Nearest has taken another dramatic turn: Founder Fawn Weaver’s attempt to use bankruptcy court to wrest control of the bourbon brand from a court-appointed receiver lasted less than 48 hours before a judge threw the petition out.
Uncle Nearest Files for Bankruptcy to Block Sale of Assets, Sues Lender (UPDATED)
The founder of Uncle Nearest has filed for Chapter 11 bankruptcy protection after the troubled bourbon company defaulted on more than $100 million in loans and went into receivership.