Category Archives: Investing

Southern Wine, Glazer’s Complete Combination

Posted on July 1, 2016 by Joel Whitaker

Southern Glazer’s Wine & Spirits, LLC (“Southern Glazer’s”) said it completed the business combination between Southern Wine & Spirits of America, Inc. (“Southern”) and Glazer’s, Inc. (“Glazer’s”), forming Southern Glazer’s. The merger creates the largest North American wine and spirits … Continue reading →

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CBrands Net Jumps 33% on 15% Gain in Sales

Posted on June 30, 2016 by Joel Whitaker

Constellation Brands said net profit soared 33% $318 million, or $1.55 a share, in the first quarter on a 15% sales gain to $1.872 billion. Net sales for beer increased 19 percent. This was primarily due to a 15 percent … Continue reading →

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Texas Business Assn. Sues ABC, Seeks Fair Application of Tied-House

Posted on June 28, 2016 by Joel Whitaker

Citing recent examples of Texas Alcoholic Beverage Commission (TABC) withholding permits from a convenience store in South Texas and a Texas-based food and beverage distribution company, Texas Association of Business and McLane, a Berkshire Hathaway subsidiary, sued Texas Alcoholic Beverage … Continue reading →

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Molson Coors Debt Ratings Downgraded to Near Junk

Posted on June 27, 2016 by Joel Whitaker

Molson Coors Brewing Co. and Molson Coors International LP‘s long-term debt ratings were downgraded to “BBB-” from “BBB,” a move that puts the debt perilously close to being rating non-investment grade, or “junk.”  Short-term ratings were also cut, to F3 … Continue reading →

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Castle Brands’ Net Sales Up 25.7% in Year, Net Loss Narrows

Posted on June 15, 2016 by Joel Whitaker

Castle Brands had net sales for fiscal 2016 totaled $72.2 million, a 25.7% jump from a year earlier. The company attributed the sales growth to the overall growth of Jefferson’s and Jefferson’s Reserve, Clontarf Irish whiskey and Goslings Stormy Ginger … Continue reading →

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Teamsters: U.S. Should Reject ABI-SABMiller Deal Unless MillerCoors Agrees to Keep Its Eden, N.C., Brewery Open

Posted on June 15, 2016 by Joel Whitaker

MillerCoors‘ Eden brewery is responsible for 12.5% of MillerCoors’ production capacity and 4% of all beer production in the United States. “If this closure is permitted to move forward, it will not only affect good American jobs—roughly 500 at the … Continue reading →

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