Online wine retailer, Tannico, has raised €3.8m ($4.27m) through a funding round led by venture capital firm, P101 SGR.

Tannico plans to invest the funds in its planned expansions in the UK, France, and Switzerland.

Both companies involved in the deal are based in Italy.

US-based wine producer, Jackson Family Wines, has announced the acquisition of WillaKenzie Estate Winery, a single-vineyard pinot noir and pinot gris producer also based in the US.

US-based craft beer brewery, Newburyport Brewing Company (Newburyport), has announced an investment in a new facility being developed by by craft beer co-operative, Isle Brewers Guild (IBG), in Pawtucket, Rhode Island, US. The investment will enable Newburyport to address its capacity constraints and meet local demand for its products.