Skyy Spirits LLC, San Francisco, has received
exclusive U.S. distribution rights for Midori Melon Liqueur, Zen Green Tea
Liqueur, Yamazaki Single Malt Whisky and Akadama Plum Wine from Suntory
International Corp. The brands represent more than 150,000 9-liter cases,
with Midori accounting for about 90 percent of the volume.
Barton Beer’s Monarch Import Co. has extended its import agreement with Tsingtao Brewery for
distribution rights to Tsingtao Beer. Monarch, which has imported Tsingtao
since 1978, will remain the exclusive importer of Tsingtao Beer for the
U.S. market, Bermuda and the U.S. Virgin Islands.
Investors in Switch Beverage Co., Richmond, Va., have
filed suit against a new group of investors they say are trying to acquire
the bankrupt company “on the cheap,” according to a report in the Richmond Times
Dispatch. The company, which makes The Switch
carbonated juice products filed for bankruptcy protection last month.
According to the report, Beverage Acquisition is attempting to buy the
company for $750,000, while the original investors say the value is between
$6 million and $8 million. The suit was filed on behalf of 10 investors,
including William Hargis, co-founder and former president and chief
executive officer of the company.
Cadbury Schweppes, London, has sold its European
beverage business to Blackstone Group International and Lion Capital LLP for
$2.17 billion. “I’m delighted that within such a short time we
have achieved a firm offer for Europe Beverages at a price that reflects
the quality of its brands and the strengths of its management team,”
said Todd Stitzer, chief executive officer at Cadbury Schweppes, in a
statement. “Following completion of a deal, we will be able to focus
on our faster-growing confectionery and other beverage businesses.”