Purchase of Sam's Wines and Spirits
For Immediate Release
Today, Sam’s Wines and Spirits, the 60-year old Chicago wine and beverage retailer, has been purchased by Chicago-based Arbor Investments, in conjunction with Sam Rosen’s grandson Brian Rosen. Mr. Rosen now serves as President of the business. Brian’s brother Darryl Rosen, former President of Sam’s, has founded Grand Slam Customer Service LLC, a speaking and consulting firm that assists companies by improving their customer service. Fred Rosen, a fixture at Sam’s for almost 50 years, will continue with the business.
“Sam’s is a Chicago treasure that has national brand awareness and reach. We are honored to continue the Rosen family legacy,” said Richard Boos, Vice President of Arbor Investments. “Arbor’s purchase will allow us to implement additional strategic expansion plans and continue making wine and spirits accessible to the people,” said Brian Rosen.
Sam’s was started by Sam Rosen in 1946 as a Chicago saloon and has grown to become one of the country’s largest wine retailers. The company has been honored by both Wine Enthusiast and Wine Spectator magazines as Retailer of the Year. Additionally, the Company earned Forbes’ Best of the Web award in 2004 and 2005.
Arbor is one of the few private equity firms in North America that specializes in the food and beverage industries.
For more information, please contact Joseph Campolo (312-981-3781) or Gregory Purcell (312-981-3780).