Rumors of Centennial Shutdown Are Unfounded

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Recent rumors that Centennial Beverage Group is shutting down are incorrect.

Centennial is current with all of its payments to taxing authorities and all of its landlords. We have a plan to pay our delinquent accounts payable to our alcohol beverage distributors.

Recent rumors that Centennial Beverage Group is shutting down are incorrect.

“Centennial has been strategically restructuring in recent months but is not shutting down operations. However, we have closed locations that do not fit within our strategic plan for 2013 and beyond. Centennial is grateful for all our loyal customers and we look forward to continue serving them at a number of locations going forward, including stores operating under the Centennial, Majestic and Big Daddy’s brands,” said Greg Wonsmos, CEO of Centennial Beverage Group.

Wonsmos also advised that rumors Centennial had not paid taxes and rent were false. Wonsmos said, “Centennial is current with all of its payments to taxing authorities and all of its landlords. We have a plan to pay our delinquent accounts payable to our alcohol beverage distributors. We will be meeting with them in the next week to discuss that plan. We are current with all other vendors.”

Centennial announced this week that it is conducting a major inventory clearance sale ending Dec. 15 at all of its 23 retail locations and the Dallas warehouse at 10410 Finnell St. in Northwest Dallas.

Centennial has drastically marked down all inventory and discounts are up to 50 percent off regular retail prices. More information about the sales, including warehouse and store locations can be found by visiting http://www.CentennialBeverages.com.

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Tony Miller
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