Price Increases Negatively Impact Cuervo's Q1
FILED APRIL 28, 2017 Cuervo's volume and net sales in the US and Canada took a dive in Q1, according to the company's first public financial results out late last night. In its release Cuervo indicates the 3.5% sales decline and 17% volume decline in the region for the quarter ended March 31 was a result of price increases initiated on January 1, which led to higher volume shipments during the fourth quarter of F2016. Read More
Michael David Moves into North Coast via Acquisition
FILED APRIL 27, 2017 Silver Oak Cellars has sold its Geyserville property to Lodi-based Michael David Winery, owner of 7 Deadly Sins, Freakshow and Petite Petit. The acquisition, which includes the winery, tasting room and vineyards, marks Michael David's first entrance into the North Coast wine region. Read More
Sale Rumor Catapults Castle Brands Stock
FILED APRIL 26, 2017 Castle Brands, owner of Jefferson's Bourbon, Knappogue Castle, and Gosling's Rum, saw a 10%+ spike in its stock price today on a Bloomberg report that it is mulling a sale. Read More
How to Get On (and Stay On) Iowa Store Shelves
FILED APRIL 25, 2017 Continuing our series on how to succeed in control states, WSD recently had an email exchange with Nicole Scebold, the Iowa Alcohol Beverage Department's products manager to discuss how the IABD chooses new products, delisting criteria and how it deals with highly allocated products. Read More
Wholesalers Regroup to Evaluate Three-Tier Challenges, Opportunities
FILED APRIL 24, 2017 The wholesale tier is facing greater challenges today than ever before, WSWA chief Craig Wolf said during the annual WSWA convention last week. The list of challenges range from the specific--loss of the 5011 tax credit and Last In, First Out accounting method--to more broad threats, such as challenges to Tied House and interstate shipping laws, suppliers expanding their retail sales privileges and self-distribution models, and the growth of the marijuana movement. Read More
Part II: Danny Wirtz on What to Expect in 2017
FILED APRIL 21, 2017 Earlier this week we published the first part of an interview with Breakthru Beverage Group vice chairman Danny Wirtz [see WSD 04-18-2017]. Today we'll pick up where we left off in the conversation as he discusses the growing craft business and industry trends. Read More
Pernod Doubles Down on Cognac in US
FILED APRIL 20, 2017 Pernod Ricard continues its positive momentum in the US as sales increased 5% for the nine months ended March 31. And with global sales up 4% for the period, the French drinks company says the underlying trends are in line with its positive H1 trends. Read More
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