The corporation was founded by Steve Boone and Steve McLaren in January 1994, calling itself Beverages & More!, based in
Concord, California. Later, a company executive would say of this period, "we almost went broke. We tasted success and then expanded too quickly". but Sobel was sued a year later by Beverages & More! for trademark infringement under
ICANN jurisdiction. The decision set a precedent that has since been quoted by complainants in
cybersquatting cases to show that a domain name matching a trademark, one held by other than the trademark holder, "is evidence of bad faith registration and use". Earlier, consumers had been calling the chain "BevMo" as a nickname; as a result, the corporation registered the domain www.bevmo.com in August 2000. In January 2001, the company officially launched the new website and formally adopted the nickname as their brand. In February 2007, BevMo! was acquired by
TowerBrook Capital Partners, L.P., a New York- and London-based
private equity firm. With the acquisition, Bannus Hudson retired as CEO—to replace him, TowerBrook brought in Jim Simpson. Johnson, a native of Australia, was initially hired as a consultant by TowerBrook to assess BevMo! as an acquisition, and he "fell in love with the company"; by November he was reportedly driving a black BMW with a
personalized license plate reading "I ♥ BEVMO" ("I [heart] BevMo"). In September 2009, Johnson reported annual sales of the 1,600-employee company to be "well over" $500 million—a record year. Torrance Mayor Frank Scotto was pleased; he said the chain's first store in Torrance was "a huge success" Not all BevMo! expansion has been welcomed by city residents. In March 2010 in
Santa Barbara, California, a group voiced opposition at a city board meeting, delaying approval of a BevMo! store. Concerns brought up at the meeting included complaints about the company's plans to cut down a tree in the parking lot, and about loading dock plans that would increase congestion in a narrow alley. The city's Architectural Board of Review member Paul Zink recommended against BevMo!'s plans to have pedestrians cross a parking lot to enter the store, saying that "there's a tie-in between what's inside and the street". Zink continued, "here in Santa Barbara, we like to window shop." ==In-house scoring==