THERE’S A NEW LIQUOR CZAR IN TOWN
After several long months, Boston finally has a new liquor czar. Governor Patrick has filled a post that had been vacant for seven months and took steps to return future appointment power to the Hub after decades of state control. Patrick appointed Nicole Murati Ferrer, a longtime attorney for the city, as the new Chairwoman of the Boston Licensing Board. He’s also appointing retired Roxbury Chief Justice Milton Wright to take over for board member [...] Read More »
The World Association of the Alcohol Beverage Industries, Inc.’s (WAABI) Board of Directors has voted to dissolve the 67-year-old volunteer group, citing declining membership and corporate support. At a February meeting in Louisville, Kentucky, the Board reviewed several options for stemming a dwindling cash reserve and roster of local chapters. Several chapters had already closed while numerous others faced upcoming difficulties. Organized in 1944, the original name of the group was Women’s Association of the [...] Read More »
A FORTUNE WINDFALL FOR DIAGEO?
The breakup of Fortune Brands is shaping up to be a potential boon for Diageo. The drinks company is the most probable buyer of most of Fortune Brands’ Jim Beam spirits business, with Bacardi Ltd. as a bidding partner for the remainder, Liberum Capital analysts reported. “We expect Diageo to buy as much as 7O percent of the Beam Global Spirits business,” paying 3.5 billion pounds ($5.7 billion) to 4 billion pounds, Liberum’s Pablo Zuanic [...] Read More »
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