Castle Brands, Inc. - ROX STOCK NEWS

Welcome to our dedicated page for Castle Brands news (Ticker: ROX), a resource for investors and traders seeking the latest updates and insights on Castle Brands stock.

Castle Brands, Inc. is a prominent company engaged in the development, marketing, and sale of premium and super premium brands of beverage alcohol. Founded by Mark Edwin Andrews III in 1998, the company is headquartered in New York, NY. Castle Brands offers an array of high-quality products including rum, whiskeys, liqueurs, vodka, and ginger beer.

In recent developments, Castle Brands has been integral in the acquisition and growth of successful brands. A notable achievement under its former COO, John Glover, was the development of Jefferson's Bourbon, a super-premium, award-winning bourbon. In 2019, Castle Brands was acquired by Pernod Ricard, a significant milestone that enhanced its market presence.

Castle Brands continues to influence the spirits industry through Avalon Spirits Corporation, a newly formed distilled spirits marketing and sales company started by John Glover. Avalon recently announced the acquisition of TSS Brands, owners of Whiskey Row Bourbon. This acquisition marks the start of Avalon's operations, focusing on creating an elite portfolio of super premium spirits brands. Whiskey Row Bourbon, designed by Steve Thompson, a respected whiskey executive, pays homage to Louisville, Kentucky, the birthplace of the modern bourbon business.

Avalon Spirits plans to make Whiskey Row available in select markets throughout the US, with future expansions into major whiskey markets in Europe and worldwide. With an experienced team and a strong group of investors, Avalon Spirits is well-positioned to build a world-class company, continuing the legacy and market influence originally established by Castle Brands.

09/21/2023 11:00 AM

News

AVALON SPIRITS ANNOUNCES ACQUISITION OF TSS BRANDS, THE OWNERS OF WHISKEY ROW BOURBON

Rhea-AI Summary

Avalon Spirits Corporation acquires Whiskey Row Bourbon, allowing them to start operations with a super-premium brand. They aim to build an elite portfolio of super premium spirits brands. Whiskey Row is now available in select US markets and will expand globally.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

FAQ

What does Castle Brands, Inc. do?

Castle Brands, Inc. develops, markets, and sells premium and super premium beverage alcohol brands, such as rum, whiskeys, liqueurs, vodka, and ginger beer.

When was Castle Brands, Inc. founded?

Castle Brands, Inc. was founded in 1998 by Mark Edwin Andrews III.

Where is Castle Brands, Inc. headquartered?

Castle Brands, Inc. is headquartered in New York, NY.

What are some of Castle Brands' notable products?

Some of Castle Brands' notable products include Jefferson's Bourbon, rum, whiskeys, liqueurs, vodka, and ginger beer.

Who acquired Castle Brands and when?

Pernod Ricard acquired Castle Brands in 2019.

What is Avalon Spirits Corporation?

Avalon Spirits Corporation is a new distilled spirits marketing and sales company founded by John Glover, a former COO of Castle Brands.

What is the significance of Whiskey Row Bourbon?

Whiskey Row Bourbon, acquired by Avalon Spirits, is a super-premium bourbon inspired by the historic Whiskey Row in Louisville, Kentucky.

Who is John Glover?

John Glover is a spirits industry veteran and the former COO of Castle Brands. He currently leads Avalon Spirits Corporation.

What markets will Whiskey Row Bourbon be available in?

Whiskey Row Bourbon will be available in select markets in the US, with plans to expand into major whiskey markets in Europe and other parts of the world.

What is the vision of Avalon Spirits Corporation?

The vision of Avalon Spirits is to create and market unique, high-quality spirits by combining the best of craft distillation, careful maturation, and selective blending.