As liquor sales boom, Beam Inc. is expanding its spirits empire, paying $605 million in cash to buy the Pinnacle vodka and Calico Jack rum brands from White Rock Distilleries.
Pop quiz: What two types of liquor make up a combined 40 percent of the global spirits market by volume and 90 percent of global growth by volume? If you were thinking vodka, rum or gin, think again. Indian whiskies and baijiu, a Ch... Read Post
Whiskey maker Beam is buying vodka and rum brands from privately held spirits company White Rock Distillers, a deal that nearly doubles Beam’s presence in the vodka market and upscales its top shelf, but could sober up shareholders ... Read Post