We were sent a copy of an inner office email that stated that Centennial Beverage Group has decided to spin off its wholesale division. The division will now operate under the Good Goody umbrella
In 2011 Centennial Fine Wine & Spirits purchased the assets of Majestic Liquor Stores for $32.6 million. Majestic had been under federal bankruptcy protection since 2010. With more competition moving into the market we are sure to witness a bit of shake up.
We are waiting for further details and will keep you updated.