1. E. & J. Gallo Winery Completes $775M Pivot, Acquires Four Roses Bourbon as Wine Sales Decline
The largest wine producer in the United States is making a historic, high-stakes bet on hard liquor. E. & J. Gallo Winery, the family-owned giant that dominates the global wine market by volume, has finalized its acquisition of the iconic Kentucky bourbon brand Four Roses from Japan’s Kirin Holdings in a deal valued at...