$10+ Table Wines Account for Half of Winery Revenues in 2013
FILED APRIL 24, 2014 California wine shipments within the US grew 3% to 215 million cases last year and raked in $23.1 billion, according to a report from the Wine Institute. Due to the short vintages in 2010 and 2011 California wineries largely relied on table wines priced $10 and above to drive growth in 2013, says wine industry consultant Jon Fredrikson of Gomberg, Fredrikson & Associates. As a result, wines in these price segments accounted for half of winery revenues and grew by 9% in volumes in 2013. Read More
Pernod Acquires Kenwood, Signals More M&A to Come
FILED APRIL 24, 2014 Pernod Ricard announced this morning that it has agreed to acquire premium California wine brand Kenwood from F. Korbel and Bros. Established in 1970, Kenwood Vineyards' portfolio includes the Vintage Series, Yulupa Series, Sonoma Series, Reserve Series, Jack London Series and Artist Series with prices ranging from $10 to $70. Financial terms were not disclosed. Read More
Pernod Tightens Alignment with Southern and RNDC
FILED APRIL 23, 2014 WSD has learned that Pernod Ricard USA has extended its distribution contracts with both Republic National Distributing Company and Southern Wine & Spirits, effective July 1. In strengthening these two relationships, PR USA will be able to "better capitalize on such key business drivers as innovation, multicultural marketing, digital media and the growth of chain stores," says PR USA chief Bryan Fry. Read More
Could a Juice Lawsuit Have Implications for the Alcohol Industry?
FILED APRIL 22, 2014 Yesterday, the US Supreme Court heard arguments in a case that could significantly impact the way all food and beverage products are marketed. The case is Pom Wonderful v. Coca-Cola and even though these are two non-alcoholic beverage companies, the outcome could potentially spill over into the alcohol industry. Read More
Suntory Moving Alcoholic Beverage HQ to US
FILED APRIL 21, 2014 A source confirmed to WSD that Suntory Holdings is moving the headquarters for its alcoholic beverage business to the US after reports from Japan surfaced over the weekend. The paper also claims Beam will become a subsidiary called Beam Suntory, which will be headed by current Beam chief Matt Shattock. Yasunori Aiba, Suntory Holdings executive vp and president of Suntory Liquors, will join the directorial board of the new company. Read More
WSJ: Bill Newlands and Others Leaving Beam
FILED APRIL 18, 2014 The Wall Street Journal is reporting that three executives have signaled their "intention to resign" from Beam Inc. in the wake of the Suntory Holdings acquisition. Bill Newlands, president of the North American region and cfo Bob Probst will resign effective May 31, and corporate controller Leo Mierzwicki is resigning as of July 10. Read More
3-Liter Boxed Wine Trends Soar in 2014
FILED APRIL 18, 2014 In perusing the latest IRI data, we noticed that 3-liter boxed wine has been one of the standout performers in 2014. For instance, sales for the category are up 14.6% and volumes grew 11.4% year-to-date through March 23 in all IRI-measured channels. As a result, the category has grown its dollar share 0.24 points to represent nearly 3 points of the wine category. As for volumes, the category holds about 4.6 points and gained 0.37 points. Read More
<--View all Articles

Top Secret News Hotline:

Got wine and spirits news for WSD?

Submit Anonymously
twitter facebook