Mike Ventimiglia

Distribution just sped up and a lot of brands are about to feel it. Pernod didn’t wait. They pulled out of RNDC and reshuffled the map overnight. Southern, Reyes, Johnson Brothers,everyone’s grabbing territory. Here’s the part nobody wants to say out loud: If you’re sitting on RNDC in those states and you haven’t made the call yet, you’re already behind. 60 to 90 days of chaos is coming. Rep turnover. Account gaps. Missed placements. And while that’s happening, the big three are locking in control. At the same time Tequila’s getting dragged through lawsuits. EU volumes are soft. And one warehouse glitch just cost retailers a peak season. This isn’t noise. This is the shift. My take: If you don’t know exactly who’s moving your product by June, you don’t have a plan. I break it all down in today’s DrinkUP Podcast Daily Industry Brief. Make the call this week. Truthfully, Sam #beverageindustry #distribution #drinkup #alcoholindustry #salesstrategy

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The Real Risk in Alcohol M&A Many alcohol acquisitions struggle not because integration was mishandled, but because the deal itself misunderstood what was actually being bought. Too often, valuation fixates on the visible outputs: current sales, distribution footprint, near-term growth rates. What gets overlooked is the system that created those numbers in the first place. The founder focus, the disproportionate attention, the narrow set of priorities, and sometimes the uncomfortable ways of working that allowed the brand to win long before it ever appeared on a spreadsheet. In alcohol especially, this matters. Demand is not purely functional. It is cultural, ritualistic, and often irrational. Brands grow not just because they are available, but because they mean something in a moment, in a venue, in a social context. Those meanings are rarely captured cleanly in a diligence deck. The assumption is that plugging a brand into a larger organisation automatically accelerates it. In practice, the opposite often happens. What was once the only thing that mattered becomes one priority among many, competing for sales attention, resources, and leadership time. The conditions that created the growth quietly dissolve. This is where due diligence frequently falls short. Not because it lacks rigour, but because it values the wrong things. It tests whether the numbers can scale, but not whether the conditions that created those numbers can survive. It models distribution gains, but not the loss of intensity. It prices the brand, but not the fragility of the system that made it successful. I’ve seen this work far better when founders remain genuinely invested, still noisy, still opinionated, and still holding tension in the system. They are inconvenient, but they protect what made the brand valuable in the first place. Alcohol is a long game. Five years to scale an RTD properly. Seven or more to build a spirits brand that endures. These are not short-term optimisation plays. They are long-term bets that require foresight, patience, and leaders willing to shape the organisation around the brand, not simply absorb the brand into the organisation. The real work of Chairs, Sponsors, and Operators is not celebrating the deal, but being brutally clear upfront about what is being bought, what will be lost in the transition, and what it will genuinely take to make the bet pay off. Without that honesty, even the most exciting acquisition fails to fulfil its potential.

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