Exclusive: The Wine Group Acquires ‘Phony Negroni’ Maker St. Agrestis

The Wine Group (TWG) has acquired St. Agrestis, the company behind the rapidly growing non-alcoholic ready-to-drink (RTD) Phony Negroni, chief marketing officer Helen Kurtz tells VinePair. TWG has not disclosed the transaction’s sum. In addition to the Phony Negroni — a non-alcoholic riff on the classic cocktail and the brand’s most popular product — St. Agrestis’s portfolio includes other zero-proof and alcoholic RTD aperitivos and Negronis. TWG’s purchase marks its first significant foray into the spirits sector, but Kurtz says the company plans to hone in on St. Agrestis’s non-alcoholic portfolio. The article Exclusive: The Wine Group Acquires ‘Phony Negroni’ Maker St. Agrestis appeared first on VinePair .

by Stephen Bradley · source ↗

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Memo: RNDC to Shed Five More Markets as Firesale Continues

Following a chaotic week of deal announcements for most of Republic National Distributing Company’s (RNDC) collapsing empire, the wholesaler has made arrangements with two rivals for five of its remaining markets, VinePair has learned. According to an internal memo sent Tuesday morning by RNDC chief executive Marc Sachs, the unraveling firm has received a letter of intent from BreakThru Beverage Group (BBG) for its joint-venture operations in Kentucky and Indiana. RNDC has also separately reached an agreement with Quality Brands Distribution for a “potential transaction” for its Nebraska, South Dakota, and North Dakota business. The article Memo: RNDC to Shed Five More Markets as Firesale Continues appeared first on VinePair .

Pernod Ricard and Brown-Forman Abandon Merger Talks, Both Confirm

Pernod Ricard and Brown-Forman are no longer pursuing a potential deal, both companies confirmed in separate press releases today. Brown-Forman’s stock fell by 5.08 percent as of 4:54 p.m. in after-hours trading following the announcements. News that discussions have been terminated comes just over a month after Pernod and Brown-Forman’s will-they-won’t-they saga came to light. In late March, both spirits producers confirmed they were exploring a business deal, which they described as a “merger of equals.” Sazerac threw its hat into the ring when it offered to buy Brown-Forman for $15 billion. The article Pernod Ricard and Brown-Forman Abandon Merger Talks, Both Confirm appeared first on VinePair .

Exclusive: The Wine Group Acquires ‘Phony Negroni’ Maker St. Agrestis

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Memo: RNDC to Shed Five More Markets as Firesale Continues

Pernod Ricard and Brown-Forman Merger Talks Collapse

Pernod Ricard and Brown-Forman Abandon Merger Talks, Both Confirm