In an exclusive report, Shanken News Daily informed us after the market close yesterday that Constellation Brands emerged victorious in a heated auction for craft whiskey darling High West Distillery , of Park City, Utah, beating out other large spirit company suitors. These included both Pernod Ricard and LVMH Moët. According to Constellation, High West is already generating $25 million in annual whiskey sales and the deal closed with a purchase price of roughly $160 million.
High West currently distills and matures some of their own whiskey, but it was their innovative sourced whiskeys, particularly blends of mature whiskeys from...
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