Wholesalers are at Most Optimistic Levels Since 2012
FILED OCTOBER 30, 2014 2014 may have started off slow for the spirits category, but wholesalers seem to believe things are picking up. 56% of US wholesalers are "much more optimistic" or "somewhat more optimistic" on the outlook of the category compared to three months ago, according to UBS's quarterly wholesaler survey. The September survey is the first time more than half of wholesalers felt optimistic about the immediate future in a year. In fact, it's the most optimistic wholesalers have been since September 2012. Read More
Tito Beveridge: Pot Stills Equal Craft
FILED OCTOBER 27, 2014 You may recall, Tito's Handmade Vodka has become the subject of multiple lawsuits and plenty of public scrutiny in recent months [see WSD 10-02-2014]. We reached out to founder Tito Beveridge in order to get his take on what's been happening to the company. What we got back was a an op-ed called Pot Stills Equal Craft. We didn't feel right dissecting it, so here's the letter from Tito in its entirety. Read More
Balcones Founder Claims Suit is a "Ruse" to Mask Real Issues
FILED OCTOBER 24, 2014 You may recall our recent reports detailing the legal dispute between Balcones Distilling founder Chip Tate and his board, which is primarily made up of private equity investors [see WSD 09-04-2014 ]. According to legal documents, the board filed a restraining order against Chip for his "unconscionable and reprehensible" behavior and Chip claimed his private equity partners are trying to "unjustifiably take advantage of a craft distiller and take his ownership in Balcones." Read More
Part II with Chip Tate
FILED OCTOBER 24, 2014 Yesterday, we published the first part of a conversation with Balcones founder Chip Tate [see WSD 10-24-2014]. We'll pick up right where we left off yesterday as you, dear reader, are a fly on the wall. Read More
What Happened to Vodka?
FILED OCTOBER 22, 2014 Vodka is the largest spirits category and has grown faster than the overall category for almost a decade. That is, until the category growth slowed dramatically in the US beginning in 2013, per a new report from Bernstein Research. Read More
Foley Sets Sights on Spirits Category
FILED OCTOBER 21, 2014 Bill Foley always has something up his sleeve. Following his successful venture into the wine business Bill Foley, founder of Foley Family Wines (FFW) and former chairman of the board for Fidelity National Financial Inc., is now going full bore into the spirits category. You may recall, we reported this summer that Bill was trying his hand at spirits with the acquisition of Lighthouse Gin, which at the time was only distributed in the UK and New Zealand [see WSD 06-11-2014 ]. Read More
Early Reports Show 80% of Wineries Expect to Hold, Increase Pricing in 2015
FILED OCTOBER 20, 2014 As much as 80% of wineries believe they can hold pricing or take a small increase in 2015, according to preliminary survey results from Silicon Valley Bank's Annual Wine Conditions Survey. The survey of 300 wineries showed 40% believe they can hold steady with pricing and 40% believe they can increase it. Read More
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