Couverture de The Spirits Wire

The Spirits Wire

The Spirits Wire

De : Jason Littrell
Écouter gratuitement

À propos de ce contenu audio

Weekly Digest of Beverage Alcohol and Spirits Industry News

Aggregated sources, published as an Ai voice podcast.

Prepared by Jason Littrell

2026 Jason Littrell, Ltd.
Épisodes
  • Week 17
    Apr 25 2026

    Lead story: Brown-Forman favors a Pernod Ricard merger-of-equals over Sazerac's $15B all-cash bid. The Brown family's preference is structural, not financial. A combined Pernod-BF would carry ~$15B revenue and ~$30B market cap, putting it in Diageo's weight class and triggering inevitable SKU divestitures that mid-sized brands can scoop up.

    M&A and earnings highlights: Pernod Q3 came in at €1.945B (-15% YoY), with US -12%, China -7%, and India the only growth engine at +11%. FY26 guidance cut again to -3% to -4%. Stone Brewing changed hands for the second time in four years, this time Sapporo to Duvel Moortgat plus Firestone Walker, closing by end of Q2.


    Market data (April 24 close): BF.B $28.38 (mkt cap $13.33B, putting Sazerac's $15B offer at a thin 13% premium for a control transaction), STZ $158.13, DEO $79.50 with a 4.25% yield. Diageo's $44B cap is the comp shareholders will run against any Pernod-BF combination.

    Aggregated sources, voices generated with ai. Prepared by Jason Littrell

    Afficher plus Afficher moins
    8 min
Aucun commentaire pour le moment