'Very Old' Cognac Sells for $70K; Ice Cube Becomes Spokesman for Coors Light

Breuckelen Distilling Co. and the Brooklyn Distilling Co. have settled their trademark-infringement lawsuit out of court, although the terms were not revealed. [NY Post]

A bottle of Rémy Martin cognac called the Louis XIII Grande Champagne Très Vieille Age Inconnu sold for 50,000 euros ($70,155) -- the highest price ever paid for a Rémy Martin. [Wall Street Journal]

Jack Daniel's is coming out with Tennessee Honey, a 70-proof honey whiskey that will retail for $22 a bottle. [The Republic]

Beam Global, which owns Canadian Club, has warned PETA to pull a cartoon ad depicting a seal in a saloon asking a bartender for "Anything but a Canadian Club." [NY Daily News]

Flying Dog Brewery has filed suit to overturn the Michigan Liquor Control Commission's ban on the sale of its beer called Raging Bitch. [BizJournals]

Anheuser-Busch will acquire Chicago's Goose Island beer in an effort to capitalize on the growing craft-beer market. [Wall Street Journal]

Meanwhile, Anheuser-Busch might finally have beaten Czech brewer Budejovicky Budvar, securing sole rights to the name "Bud." [AFP]

Ice Cube is the newest celebrity spokesperson for Coors Light, and will appear in ads for the brand later this year. [Adage]

Rapper Pitbull has become a majority shareholder in a new low-calorie vodka called Voli, produced in Cognac, France. [Contact Music]

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