The Great Atlantic & Pacific Tea Co. announced that it has acquired Best Cellars, a New York City-based wine retailer. Terms of the deal were not disclosed.
Best Cellars is described by the Associated Press as a concept that “groups wines by flavors and consistency, such as ‘soft’ or ‘smooth’, rather than type of grapes or region of origin and guides customers by using instantly understandable words, icons and colors. As part of the deal, co-founder Joshua Wesson who created and operated the Best Cellars concept in five retail locations, will join the A&P management team as senior director of beer, wine & spirits.
Best Cellars is described by the Associated Press as a concept that “groups wines by flavors and consistency, such as ‘soft’ or ‘smooth’, rather than type of grapes or region of origin and guides customers by using instantly understandable words, icons and colors. As part of the deal, co-founder Joshua Wesson who created and operated the Best Cellars concept in five retail locations, will join the A&P management team as senior director of beer, wine & spirits.
- KC's View:
- And the really good news is that A&P’s executives will have an easy source of libation in those cold and lonely days during the winter after they’ve closed on the Pathmark deal and are wondering what to do now. I just hope they share with the folks from Pathmark, who are definitely going to need a stiff drink in the post-acquisition phase.
