Occasion and Venue Outweigh Demographic Trends
FILED NOVEMBER 25, 2014 Yesterday, we published some initial coverage of Wine Market Council's latest 47-page study on consumer drinking behavior [see WSD 11-24-2014]. Having established that price plays an important role in consumer purchases, today we'll look at the importance of the occasion and the venue. Read More
Price of Wine and Spirits On-Premise Alienates Craft Beer Drinkers
FILED NOVEMBER 24, 2014 You may recall from our coverage of the 2014 Wine Financial Symposium that the wine industry has been rattled by the rapid growth of the craft beer and spirits categories [see WSD 09-21-2014 ]. In response to the wine industry's concerns, the Wine Market Council conducted a survey of on-premise service professionals that resulted in a 47-page report aimed at giving the industry a better understand of consumer traits and drinking habits. Read More
NY Judge Dismisses Illegal Wine Shipping Suit
FILED NOVEMBER 21, 2014 A New York State Supreme Court judge has dismissed the lawsuit between Empire Wines and the NY State Liquor Authority (NYSLA). Judge George Ceresia rejected Empire's complaint claiming, "the Court is of the view that (SLA) possesses abundant statutory authority to commence and maintain a license revocation proceeding." Read More
Sources say Grand Marnier Up for Sale
FILED NOVEMBER 21, 2014 French Cognac maker Grand Marnier Group is said to be exploring "strategic options" including the idea of a sale. The company is valued at more than $430 million, reports Bloomberg. Anonymous sources have narrowed down the potential bidders to private-equity firms and other liquor makers. So at this point, the only company we can confidently say is not a potential bidder is Wine & Spirits Daily. Read More
DeLeon Gunning to Dethrone Patron
FILED NOVEMBER 20, 2014 In January, Diageo and Sean "Diddy" Combs announced they had purchased tequila brand DeLeon together. You'll recall, it made headlines because Diageo had just taken a hit having recently split with Jose Cuervo [see WSD 01-08-2014 ]. After the acquisition, DeLeon went dark and stayed out of the limelight most of the year. Some members of the industry got restless - one distributor told us DeLeon's performance was "disappointing." Read More
Part II with Trinchero's Bob Torkelson
FILED NOVEMBER 19, 2014 Yesterday, we published the first part of an interview with Trinchero Family Estates (TFE) president Bob Torkelson [see WSD 11-18-2014]. Today, we'll continue with the second part of the conversation, in which we discuss the company's new spirits portfolio. Read More
Trinchero Chief: We Identify What Consumers Want and Give it to Them
FILED NOVEMBER 18, 2014 Weighing in at 18 million cases and over 50 brands, Trinchero Family Estates is the fourth largest wine company in the US. As a driving force behind white zinfandel, and more recently the explosion of red blends, it has built a reputation for innovating within the wine category. In keeping with that reputation, it entered the spirits category in 2013 and now boasts a collection of four brands. Read More
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