Tag: Premium Spirits
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Ardent Spirits Acquires Chapter 7 Whisky After Liquidation, Expands Scotch Portfolio
Ardent Spirits, the Scotland-based independent bottler and owner of Dark Matter Distillers, has purchased Chapter 7 Whisky after the company entered liquidation. The deal strengthens Ardent’s growing portfolio and reinforces its ambition to scale within the global whisky market. This acquisition comes at a time of significant change in the whiskey industry. Earlier this month,…
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Molson Coors Writes Down $75 Million Bourbon Asset as Whiskey Market Weakens
Molson Coors Beverage Company, the parent of brands such as Coors Light and Miller Lite, announced an impairment of $75.3 million tied to its premium bourbon brand Blue Run Spirits. The impairment reflects a drop in the brand’s carrying value on the company’s balance sheet. Impairment Details and Financial Impact Molson Coors revealed that a…