Retail chain BevMo, previously known as Beverages & More, focuses on selling beer, wine, and spirits. The business was established in California in 1994, and since then it has grown to include over 150 locations all around the country. But who actually owns this well-known chain of liquor stores?
BevMo was acquired by Total Wine & More, a significant alcoholic beverage retailer, in 2019, it was revealed. Brothers David and Robert Trone established the privately held company Total Wine & More in 1991. The company has its headquarters in Maryland and operates more than 200 outlets in 25 states, making it the biggest network of liquor stores in the country.
Total Wine & More has increased its footprint in California, where BevMo was founded and has the majority of its outlets, as a result of the acquisition of BevMo. The acquisition also enables Total Wine & More, which sells alcohol, to engage in more direct competition with other significant stores like Costco and Walmart.
What does this mean for the workers at BevMo, then? According to Glassdoor, assistant managers at Total Wine & More apparently earn an average salary of $61,000 annually. It is unknown, though, if this pay scale also applies to assistant managers at BevMo locations that Total Wine & More has purchased.
Another well-known chain of booze stores is called Specs, and it has more than 100 sites largely in Texas. Beer, wine, and spirits may be found in abundance at Specs, which is also renowned for its affordable prices. Specs is a significant player in Texas’s liquor shop market even though it is not owned by Total Wine & More. Total Wine & More has locations in 25 different states, including California, Florida, New York, and Texas. This information relates to the company’s presence abroad. However, there are still a number of states, such as Alabama, Arkansas, Kentucky, Mississippi, and Utah, where Total Wine & More is not present.
In conclusion, Total Wine & More, the biggest chain of booze stores in the US, now owns BevMo. It’s been claimed that assistant managers at Total Wine & More make an average of $61,000 a year, but it’s not clear if this range also applies to BevMo staff members. While Total Wine & More has outlets nationwide in 25 states, Specs is a significant chain of booze stores with locations in Texas.
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