{"id":36199,"date":"2016-10-29T02:00:52","date_gmt":"2016-10-29T06:00:52","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=36199"},"modified":"2016-10-27T12:20:00","modified_gmt":"2016-10-27T16:20:00","slug":"is-there-a-bright-side-to-the-sale-of-constellation-brands-for-ontario-wine-drinkers","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2016\/10\/29\/is-there-a-bright-side-to-the-sale-of-constellation-brands-for-ontario-wine-drinkers\/","title":{"rendered":"Is there a bright side to the sale of Constellation Brands for Ontario wine drinkers?"},"content":{"rendered":"

Michael Pinkus<\/a> gets an uncharacteristic rush of optimism over the sale of Constellation Brands:<\/p>\n

[W]hile it\u2019s nice to see Canada\u2019s Inniskillin and Jackson-Triggs back in Canadian hands what does all this say about the selling of wine in Canada? When the world\u2019s largest holder of wine companies\/brands decides to throw in the towel here and sell off their Canadian division, yet still holds the remainder of the wineries and brands they acquired with their 2006 purchase of Vincor to me speaks volumes. Now I\u2019m just speculating here, as I do in many of my commentaries, but could it be that Constellation sees the writing on the wall: that making money in Canada (in general) and in Ontario specifically, will not be as easy as it once was under the Liberal\u2019s new proposed \u201csharing the retail space plan\u201d. Let\u2019s face it, the real selling feature of Vincor\u2019s Canadian holdings were those Ontario money makers: those off-site stores that were a license to print money in the province \u2026 and now if the world\u2019s largest can\u2019t figure it out how in the world are the rest of Ontario\u2019s wineries supposed to do it? Are we about to embark down another rabbit hole of when it comes to the sale of booze in this province?<\/p>\n

[…] Just last week, I was asked for my thoughts and I immediately went to the pessimistic side of things: \u201cdoes not bode well for the selling of wine here in Ontario\u201d; but then after some careful thought I decided there still might be room for optimism, especially if you look at the purchaser. At one point in the process it was rumoured that Peller was in the mix of buyers to take over the Constellation Canadian holdings, but in the end it was the Teachers\u2019 Pension Plan that took it for $1.03 billion. Many on social media lamented that if the teachers do for booze what they did for Toronto sports teams we\u2019re all in big trouble. But I thought of a better angle: Nobody is better at lobbying and twisting the arm of the provincial government to get what they want than the Teachers\u2019 Union \u2026 and once they learn how difficult selling wine is, and the antiquated laws we have surrounding it, here in Ontario, they\u2019ll set their sights on making changes, and while the fairly ineffectual Wine Council of Ontario seems to be a mouse nipping at the heels of the governmental elephant, the Teachers\u2019 Union and their Pension Plan will seem like a pack of wolves and hyenas working together to wrestle the elephant to the ground. So while Peller (had they succeeded in their purchase efforts) would have become the largest Canadian winery by far, they would not have been any more effective at invoking change to the system; on the other hand, the Teachers\u2019 Union could play a large and important role at getting laws passed that will loosen up our repressive and antiquated system up; because who is in more need of a drink at the end of the day than a teacher, and it should be easier for them to get it and sell it..<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Michael Pinkus gets an uncharacteristic rush of optimism over the sale of Constellation Brands: [W]hile it\u2019s nice to see Canada\u2019s Inniskillin and Jackson-Triggs back in Canadian hands what does all this say about the selling of wine in Canada? When the world\u2019s largest holder of wine companies\/brands decides to throw in the towel here and […]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[831,6,131],"tags":[87,661,392],"class_list":["post-36199","post","type-post","status-publish","format-standard","hentry","category-business","category-cancon","category-wine","tag-ontario","tag-regulation","tag-unions"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-9pR","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/36199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=36199"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/36199\/revisions"}],"predecessor-version":[{"id":36200,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/36199\/revisions\/36200"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=36199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=36199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=36199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}