Largest jackpot in Powerball history finally sold, marking what could be the busiest day for the industry in 2016! Lottery fever can finally calm down! The winning ticket for the largest jackpot of $1.5 billion in the multistate Powerball has finally been sold—three times, actually. Almost immediately after the numbers were announced last night, the…
DetailsBrown-Forman to Sell Southern Comfort and Tuaca to Sazerac for $544 Million By Brown-Forman Corporation Brown-Forman Corporation (NYSE: BFA, BFB) announced that it has reached an agreement to sell its Southern Comfort and Tuaca trademarks to Sazerac for $543.5 million. Brown-Forman Chief Executive Officer Paul Varga said the decision to sell these brands reflects the company’s…
DetailsRecently, Southern Wine & Spirits and Glazer’s Inc. announced an accord to join forces and create a distribution powerhouse covering 41 U.S. states, as well as Washington, D.C., Canada and the Caribbean. Based on Impact Newsletter’s wholesaler numbers for 2015, this deal combines Southern’s $11.8 billion in sales revenue with Glazer’s $3.7 billion—forming a juggernaut…
DetailsThe U.S. Departments of Health and Human Services and Agriculture released the 2015–2020 Dietary Guidelines for Americans. Now in its eighth edition, the Dietary Guidelines continues to be an important resource to help our Nation reach its highest standard of health. Making small changes in food choices can add up to big health benefits and…
DetailsLipari Foods, a leading Midwest food distributor based in Warren, Michigan, has reached an agreement in principle to acquire the specialty and gourmet business of Leo A. Dick & Sons Co. of Canton, Ohio. The acquisition will strengthen Lipari’s existing specialty grocery product portfolio which includes a broad range of natural, organic and gluten-free foods.…
DetailsTrends identify how a shift toward more life-centric technology will be realized in the coming year Interbrand and Ready Set Rocket announced seven technology trends that forward-looking brands can take advantage of in 2016. “Technology’s tremendous evolution provides us with a unique opportunity to re-imagine the traditional work/life/family/leisure structures of our lives,” said Aaron Harvey,…
DetailsView Product Photos BlendTechInc of Wichita, KS, is voluntarily recalling one lot of Uncle Buck’s Fish Batter Mix – Original due to the presence of an undeclared milk ingredient. People who have an allergy or severe sensitivity to milk run the risk of serious or life-threatening allergic reaction if they consume these products. The recalled…
DetailsNearly 90% of the respondents to a Wells Fargo Securities LLC survey of tobacco retailer and wholesale trade contacts, representing more than 10,000 U.S. convenience stores, say the recent major tobacco price increases have generated incremental per-pack revenue which, given the mid-June timing, should provide a small pricing benefit in the second quarter with a…
DetailsOn Friday, July 13, parties in the Payment Card Interchange Fee and Merchant Discount Fee Litigation case filed a proposed settlement agreement valued at approximately $7.25 billion. The proposed settlement agreement includes $6.05 billion in damages in addition to an estimated $1.2 billion from a temporary, eight month, 10 basis point cut in credit card…
DetailsCigarette makers, including Altria Group Inc.’s Philip Morris USA unit, lost a bid to end court monitoring of the industry’s marketing practices stemming from the government’s 13-year-old racketeering lawsuit, reported Bloomberg. An U.S. Appeals Court in Washington upheld a lower court decision that oversight of the companies resulting from the federal government lawsuit is necessary…
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