Truncated Memorial Day Edition 📝

GM and Happy Tuesday, folks. Yesterday was a quiet news day due to the federal holiday, but we still have a handful of exciting headlines to dive into.

Here’s what we’re covering:

• Treasury Wine Estates explores asset sale 🍷

• Van Leeuwen x Keith Haring 🎨

• Weird Tea heads to Sprouts 🫖

• Satisfy x Oakley collab 🕶️

• Shein heads to Mexico 🏭

Deals 💰

Mergers & Acquisitions 

• Australian wine firm Treasury Wine Estates is exploring a sale of all non-premium wine brands. Just Drinks

• Constellation Brands will sell Florida-based Funky Buddha Brewery back to its founders, KC & Ryan Sentz. Constellation acquired the brewery in 2017. Beverage Daily

• UK-based ice cream brand Jude’s has hired corporate finance firm Spayne Lindsay & Co. to explore its strategic options. Love their simple but elegant branding. The Grocer

• Qurate Retail Group, the parent company of QVC and HSN, sold e-commerce site Zulily to Los Angeles-based private equity firm Regent LP. MarketWatch

Fundraising

• Big Idea Ventures (BIV) raised initial funds for its $75m New Protein Fund II. BIV’s portfolio includes Standing Ovation, PlantBaby, SIMULATE, and many others. Full portfolio here. Vegconomist

What’s New 🤩

Apparel, Cosmetics, and Wellness

• French luxury running brand Satisfy partnered with Oakley on a lightweight eyewear collection. Satisfy’s running apparel is stunning but expensive. Highsnobiety

• Louis Vuitton opened a 5,000 square-foot new store in East Hampton. Footwear News

• Fast fashion giant Shein will open a new manufacturing facility in Mexico. The goal is to shorten shipping times and lower distribution costs for its burgeoning Latin America business. Reuters

Food, Beverage, and Alcohol

• Van Leeuwen released a new ice cream to celebrate artist Keith Haring. Absolutely love the packaging. Van Leeuwen x Keith Haring will be available at their scoop shops starting on August 1st. Time Out

• Better-for-you ice cream brand Nick’s announced a flavor collaboration with the upcoming Barbie movie. Strawberry White Chocolate will only be available in Sweden. Stack3d

Data 🖥️

• Amika, the hair care brand that Bansk Group acquired last summer, is the #1 hair care brand by Google search volume in the US. Happi

Distribution News 🚚

• Weird Tea is now available nationwide at Sprouts Farmers Market.

• Une Femme Wines also officially launched at Sprouts Farmers Market.