Pernod Ricard sells armagnac brands to Alexander Stein's Cloudsweeper
Pernod Ricard has completed the sale of a majority stake in Société des Produits d’Armagnac (SPA) to Cloudsweeper, an entity owned by entrepreneur Alexander Stein.
Duvel swaps Green for Single Fermentation
Belgiun beer Duvel Green has been renamed Duvel Single Fermentation, in a bid to ease consumer understanding.
Brown-Forman sells Fetzer to Concha y Toro
Brown-Forman has sold its Fetzer wine business to Concha y Toro for US$238 million. The transaction is expected to close in April 2011.
Beam sells German brands to Henkell
Beam Global Spirits & Wine, the premium spirits business of Fortune Brands has announced plans to divest three of its German-market local brands. Kuemmerling bitters, Fûrst Bismarck korn/schnapps and Jacobi 1880 brandy are to be sold to Henkell & Co, the second largest distributor of wine and spirits in Germany.
Diageo sells its Bordeaux wine business
As part of a previously-announced review of its wine operations, Diageo Chateau & Estate Wines has announced that it has sold its Barton & Guestier Bordeaux business to French Wine concern Castel Freres SAS. The sale includes brands, inventory and land, including Chateau Magnol. The terms of the transaction were not disclosed.
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Ben Branson: Why non-alcoholic pricing is right
The pricing structure of non-alcoholic spirits has a high level of elasticity - there’s already a broad spectrum of price points which consumers are trying to navigate.
