Chicago’s choice of liquor purveyors just got watered down.
Binny’s Beverage Depot agreed to buy rival liquor store chain Sam’s Wine and Spirits for an undisclosed sum, according to the Chicago Tribune.
The sale completes years of frustrating talks between the two family owned business that have operated in Chicago since the 1940s. It also spares Sam’s a further decline.
Sam’s has been struggling to remain viable during the last decade. They’ve closed two stores – one in Highland Park and another in the South Loop – since 2007.
Binny’s has been going the opposite direction and the acquisition of Sam’s brings the total number of Binny’s Beverage Depot’s in the Chicago area to 24.
Niether Binny’s nor Sam’s returned calls to the Tribune seeking comment.