Treasury Dept. Outlines Findings From Crash Course on Competition in Bev Alc

Dear Client: Yesterday, the Treasury Department released its much-anticipated report on competition in the markets for beer, wine and spirits.  Recall these findings, which come as part of Biden’s 2021 Executive Order on Competition, are based largely on the hundreds and hundreds of comments submitted by industry groups/players/observers several months back.  THE TREASURY'S TOP TAKEAWAYS. What they’ve found is, well, conflicting, as their two major takeaways of the industry are – proliferation and consolidation. Indeed, on one hand the Treasury