Large companies such as Diageo and Constellation Brands are eagerly acquiring liquor companies in a recent surge of M&A activity. Diageo’s recent notable $1 million purchase of Casamigos is just one example of an ongoing spate of buying.
A federal appeals court upheld the law in Indiana that keeps beer and liquor distribution separate. Monarch Beverage Company argued the law discriminates against beer wholesalers. They have not yet decided whether to appeal.
Massachusetts drinkers pay one of the lowest tax rates on alcohol in the country. Advocates argue that higher prices will lower alcohol related accidents and related risks.
Wine Spectator has published their 2017 Restaurant Awards including almost 4,000 restaurants from all over the world. The awards are given across three categories: Award of Excellence, Best of Award of Excellence and Grand Award.