Trade Orgs and a Branch Mull Cali Distro Landscape

Dear Client: Arguably the hottest topic at this week’s California Craft Beer Summit is the shrinking distribution landscape in the state due to consolidation, mainly via Reyes Beverage. But as you'll read, some argue that these actions are simply a harbinger of things to come more generally across the nation.  And while Reyes has been on an M&A spree in the Golden State since 2018, the vast majority of those transactions have taken place in the pandemic-induced four-year gap since