Alert, Diageo Buying Casamigos for up to $1 Billion FILED JUNE 21, 2017Now that he's a father, George Clooney is getting out of the Tequila ownership business--twins don't pay for themselves, you know. Diageo is set to acquire his Casamigos tequila brand for a whopping $1 billion. (Not bad for a four-year-old company.)
Amazon Buying Whole Foods for $13.7 Billion FILED JUNE 16, 2017Amazon.com is getting serious about its grocery game. News broke this morning that the e-commerce giant is buying Texas-based grocery chain Whole Foods Market for $13.7 billion - its largest transaction to date, according to Bloomberg. Amazon will now have 460 brick-and-mortar stores at its disposal.
B-F Plans to Shakeup Rye Category in US FILED JUNE 7, 2017As momentum picked up in the second half, Brown-Forman's US organic sales growth was up 4% (versus -3% reported) for the fiscal year ended April 30. B-F chief Paul Varga describes the year as "uniquely challenging" because during fiscal 2017 the company: 1) sold Southern Comfort and Tuaca; 2) acquired the BenRiach brands; and 3) came up against the huge launch of Jack Daniel's Tennessee Fire in F2016.