Pernod Ricard has completed the sale of a majority stake in Société des Produits d’Armagnac (SPA) to Cloudsweeper, an entity owned by entrepreneur Alexander Stein.

Alexandrion Group, Romania’s largest spirits producer, has announced site plan approval by the planning board of the town of Carmel for the construction of its first US distillery in Mid-Hudson, Putnam County, NY.