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March 2010

Jones CEO Ricci Lands At First Beverage Capital

Beverage Business INSIGHTS: Joth Ricci, who decided to move on from job as prexy/ceo of Jones Soda as co moves to close merger with Reed’s Inc (BBI, Mar 9), is teaming up with entrepreneur Bill Anderson and his First Beverage Group’s private equity div. A day after Tues announcement of Reed’s/Jones merger plan, LA-based First […]

Land Of The Giants: McLane’s Buying GA Spirits Distrib, Empire

INSIGHTS Express: Fascinating somewhat leftfield development as distribution giant McLane’s ($31 bil subsidiary of Warren Buffett’s Berkshire Hathaway) has deal to buy Ga/NC spirits distrib Empire (also sells Boston Beer, Sierra among other beer brands). Gotta imagine this purchase is just the beginning. Unlikely a behemoth like McLane’s got into spirits distribution for just this […]

More On Buffett Buying Empire

Wine & Spirits Daily: As we first reported yesterday, a subsidiary of Warren Buffett’s Berkshire Hathaway has struck a deal to purchase Atlanta-based Empire Distributing, which has operations in Georgia and North Carolina. Empire is owned by brothers David and Michael Kahn. That subsidiary is grocery distributor McLane’s, worth $34 billion. Bill Anderson’s First Beverage […]

Buzz: Buffett Buys Empire

Wine & Spirits Daily: The streets are a’buzz with unconfirmed reports that legendary investor Warren Buffett, through a subsidiary owned by Berkshire Hathaway, has purchased wine and spirits distributor Empire Distributors. Representatives at Empire and Berkshire were unavailable after hours at press time. If true, this could signal a new era in distribution in the […]