Interview: Washington Wine's Patron Saint Ted Baseler
FILED JULY 24, 2017 The Washington wine region is on fire lately, but even with the steady flow of California wineries moving north, Ste. Michelle Wine Estates is still the top dog there. It has been powering the region's reputation for decades, and in 2016 the company's revenues increased 7.8% to $746 million, marking the 16th consecutive year of growth. Read More
Heaven Hill Acquires Carolans, Irish Mist for $165 Million
FILED JULY 24, 2017 Gruppo Campari has sold its Carolans and Irish Mist brands to Heaven Hill for $165 million - it's largest sale to date. The deal includes both brand names, as well as inventory and production assets. Read More
TTB Conducts Largest Ever Pay-to-Play Investigation
FILED JULY 21, 2017 This week the Alcohol and Tobacco Tax and Trade Bureau (TTB) launched its largest trade practice enforcement operation to date. The TTB is targeting pay-to-play schemes in Miami in a joint operation with special agents from the Florida Division of Alcoholic Beverages and Tobacco. No results yet as the investigation is ongoing. Read More
Remy Reports "Strong Start" to FY Despite Drop in US Depletions
FILED JULY 20, 2017 Remy Cointreau reported a strong start to the fiscal year, with global organic sales up 8% for the first quarter ended June 30. However, US depletions (sales to retailers) were in the red thanks to a particularly high basis for comparison, cfo Luca Marotta explained in this morning's earnings call. Read More
Mark Brown on Where to Place Your Bets in the Long Run
FILED JULY 19, 2017 To kick off the annual Tales of the Cocktail conference this week, Sazerac chief Mark Brown shared some timely predictions and insight during a state of the industry talk. Read More
Coppola Doubles Marketing Spend on New Digital Campaign
FILED JULY 18, 2017 The Family Coppola has long been challenging wine industry norms in the name of progress. This year it is rolling out new messaging that focuses on adventure, travel and food with an increased investment behind digital and on-location experiences. Read More
Maximizing the Impact of Online Marketing Content
FILED JULY 17, 2017 As of Q4 2016, the e-commerce channel represented $102.7 billion in total retail sales, per Nielsen data. To conclude our series on e-commerce (for now, at least), we'll look at the strategies alcohol brands can use online to influence shopper behavior and engage with online retailers, per a recent Profitero white paper. Read More
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