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Sunday, May 28, 2017 10:35:12 AM
Bevmo VS LCBO (Liquor Control Board of Canada)
Since I don't live in Canada I was unfamiliar with LCBO. However I did some research and LCBO has nearly 6x (USD) the annual revenue that Bevmo does. Getting into this market will be BIG and potentially drive in massive sales! I think this could be bigger than the Bevmo deal! LCBO services 40% of the entire population of Canada with over 650 stores vs. 150+ Bevmo stores in California. LCBO sells more wine (over $1 billion) than Bevmo has in total sales!
Taken from today's (5/26/17) PR: "Mr. Richard DeCicco stated, "We're working around the clock expanding the brand. I will be making presentations to the LCBO in Toronto in early June"
http://www.marketwired.com/press-release/iconic-brands-icnb-news-up-list-agenda-bellissima-prosecco-costco-hampton-memorial-day-2218774.htm
See the comparison that I took from Wiki below:
https://en.wikipedia.org/wiki/Liquor_Control_Board_of_Ontario
https://en.wikipedia.org/wiki/BevMo!
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