DSWE Gets New Partner, New Name
FILED AUGUST 3, 2015 Domaine Select Wine Estates has inked a new deal with Miami-based private equity group Walden Capital Management. The terms have not been disclosed, but as a part of the deal, the company has been renamed Domaine Select Wine & Spirits. A release from the company indicates that Walden brings both capital and management expertise to the partnership. Read More
New and Interesting Discoveries from Tales of the Cocktail
FILED JULY 31, 2015 Attending the Tales of the Cocktail event in New Orleans is a lot like falling down the rabbit hole into Wonderland - if Alice was constantly sweaty and hungry. Needless to say, it is equally bewildering and magical for all who attend. Below are the three brands your editor came away from Tales wanting to know more about: Read More
Diageo Moves to Button Up US Operations
FILED JULY 30, 2015 Nearly a week after news broke that Diageo had received an inquiry from the US Securities and Exchange Commission for channel stuffing, the company's top brass delivered an in-depth look during the full-year earnings call on what they are doing to improve operations in North America. Diageo chief Ivan Menezes declined to talk about the inquiry specifically, but the executives spent a long time talking about the company's shift to sell-out culture. Read More
Wholesaler Crystal Ball Predicts Good Times Ahead
FILED JULY 29, 2015 During its quarterly Spirits Wholesaler Survey in June, UBS found that wholesalers were more optimistic about the industry than they normally are in the second quarter. Slightly over 70% of wholesalers were "much more" or "somewhat more" optimistic than three months ago and exactly 0% were less optimistic. Read More
Diageo KY Facility Updates; MT Liquor Stores Takes on State; Irish Spirits get G
FILED JULY 28, 2015 Starting this month, Diageo Read More
Wal-Mart One Step Closer to Spirits Sales in Texas
FILED JULY 27, 2015 Wal-Mart may not have had any luck in the Texas legislature this year, but the megaretailer got good news in its court case last week when a Texas federal judge refused to dismiss its claims that the state laws banning publicly traded companies from selling spirits violate the Constitution [see WSD 02-13-2015 ]. Read More
More on Diageo
FILED JULY 24, 2015 Yesterday, news broke that the Securities and Exchange Commission (SEC) has begun an inquiry into whether Diageo shipped excess inventory to US distributors - aka channel stuffing [see WSD 07-23-2015 ]. Note, many headlines say Diageo is being investigated, but that Read More
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