Volume 203 | December 24, 2020
Dear Reader,

The Park Street street team is signing off for the Christmas holiday. This will be the last issue of the week. The next one will hit your inbox on Monday.

We wish you a safe, relaxing and happy holiday!

Cheers,
FTC Clears Constellation and Gallo Deal After 20-Month Investigation

Following a 20-month investigation, The US Federal Trade Commission has accepted the proposed consent order for Constellation Brands to divest a number of brands to E&J Gallo. The FTC notes that E&J Gallo has “agreed to divest several product lines and remove certain others from its asset purchase agreement” to settle its claims that the proposed $1.7 billion transaction would violate antitrust law.

The FTC will publish the consent agreement “shortly” allowing for public comment. Barring any further issues, the deal is scheduled to close the week of January 4. 

Further reading: Federal Trade Commission
Source: The Spirits Business

Source: Forbes

US Alcohol Producers Benefit From $900bn Stimulus Package
Source: The Drinks Business

Source: Entrepreneur
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