Volume 187 | December 2, 2020

Rémy Cointreau Sells Stake in Passoã for $96 Million French drinks group Rémy Cointreau has ended its relationship with Passoã, selling its shares of the brand to Lucas Bols in a deal worth $96 million. The move has been in the works since a joint venture between Remy and Bols was established in December 2016. Meanwhile, Bols has been in the process of moving Passoã’s production from Rémy's Angers site in France to the Netherlands. Passoã is expected to be bottled in the Netherlands starting January 2021.  Further reading: The Spirits Business

Retailers to Carry More Tequila and Hard Seltzers in 2021 Source: The Spirits Business Why Wine in Half Bottles Is Big This Holiday Season Source: Wall Street Journal Banking on Trends During a Key Selling Season Source: Market Watch 3 Ways to Turn Your Brand into a Movement Source: Entrepreneur

Retailers Confront Worsening Shortages of Major Spirit and Wine Brands Source: Seven Fifty Daily The State That Quietly Became the Midwest’s Craft Spirits Capital Source: Wine Enthusiast The Rock Announces Tequila Spiked Ice Cream Source: VinePair My 10 Biggest Mistakes As BrewDog's CEO Source: LinkedIn

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