While one U.S. based distiller expands its portfolio, another raises capital to grow production. A Burgundy wine estate acquires new Santenay vineyards, and an Indiana supreme court interprets legal language to overturn a wholesale liquor permit. The news we’re thinking about here at SevenFifty Daily.

July 24, 2017
1. The Drinks Business

Maison Louis Jadot acquires Santenay vineyards

The winery and négoce house adds 18 hectares of Santenay vineyards for an undisclosed sum. The new vineyards add the premier cru sites of Maladière and Clos Faubard to Louis Jadot’s growing portfolio of Santenay properties, which already include Clos de Malte and Clos de Gatsulards.

2. The Spirits Business

Texas distillery receives $15M to boost production

Rebecca Creek Distillery sold a minority stake to an investment group, raising capital to boost production, increase capacity, enhance marketing, create new jobs, and move forward with plans to build a new larger distillery, tasting room, and private event space. The company produces Rebecca Creek Fine Texas Whiskey, Enchanted Rock Vodka, and Texas Ranger Whiskey.