Facundo and Tito on the Benefits, Challenges of Being Privately Owned
FILED MAY 28, 2015 Federal regulation often forces public companies to be more transparent, but it's a rare treat to hear the top brass of some of the prominent family-owned alcohol beverage companies discuss their positions on timely issues. At a panel during the NABCA annual conference, executives from Bacardi Ltd., Tito's Handmade Vodka, Wente Family Estates and Prichards' Distillery spoke candidly on a number of topics ranging from their family challenges, the future of M&A and what they do better than their publicly owned competitors. Read More
Suppliers Need to Reevaluate Importance of Flagship Brands
FILED MAY 27, 2015 After a generation of leading US market growth, so-called legacy brands across several food and beverage categories have begun to run out of steam. In their place, small to mid-size competitors are growing off the charts, per a new report from Rabobank. The experts at Rabobank believe this trend (not fad) is likely to continue over the next several years due to six key drivers: Read More
US Lawmakers Introduce Competing FET Reform Bills
FILED MAY 26, 2015 Earlier this year, the American Craft Spirits Association (ACSA) partnered with DISCUS to work toward excise tax reform for all foreign and domestic spirits producers [see WSD 03-27-2015 ]. Today, the trade groups announced they have found sponsors for their bill: Congressmen Todd Young (Indiana) and John Yarmuth (Kentucky). The legislators have introduced the Excise Tax Reform Act of 2015 (HR2520), which would lower the current tax rate of $13.50 per proof gallon to $2.70 per proof gallon on the first 100,000 gallons for all distillers, as well as set a rate of $9 per proof gallon on all spirits above the 100,000 gallon threshold. The bill has been referred to the House Committee on Ways and Means. Read More
Insights from Wall Street
FILED MAY 21, 2015 As consumers have become more experimental in their drinking habits, all three beverage alcohol categories have planted a flurry of new products to the shelves in an attempt to keep the sales in the family. New products now account for 18% and 15% of wine and spirits SKUs, according to a note from RBC Capital Read More
Analyzing the State of Brand Loyalty
FILED MAY 20, 2015 Regulators and suppliers alike have descended on Phoenix this week for the annual NABCA conference. In between socializing, your editor took a break to cover some of the business sessions. One of the most interesting thus far included an all-star panel of supplier executive discussing the current state of brand loyalty in the wine and spirits categories. The esteemed panelists included: Proximo Spirits chief Mark Teasdale; Tim Hassett, Beam Suntory's president of North America; Mark Brown, ceo of Sazerac; and Ernest J. Gallo, grandson of E & J Gallo founder of the same name. Read More
Alert, Gallo Purchases 258 Acres of Napa Vineyards
FILED MAY 19, 2015 E. & J. Gallo Winery announced today it has purchased Cypress Ranch and a portion of the Palisades Vineyard in Napa Valley. The combined properties amount to 642 acres and consist of approximately 258 acres of vineyard. Read More
A Talk with Combs Wine & Spirits Chief
FILED MAY 19, 2015 Celebrity endorsed or owned spirits products are easy to come by, but rarely do they manage to take off the way Ciroc vodka did after music and business executive Sean "Diddy" Combs signed on to work with Diageo. Following its first successful foray into spirits, his company Combs Enterprises established the Combs Wine & Spirits subsidiary (CWS) in 2013 and once again partnered with Diageo for a 50/50 joint venture in DeLeon Tequila. Read More
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