Michter's Chief Spills on the Whiskey's "Beyond Normal" Production Methods
FILED JULY 25, 2016 The Michter's whiskey brand was established as far back as 1753, but it has changed hands several times over the years and seen more than one owner file for bankruptcy. It lay dormant until Chatham Imports picked up the trademark in the mid-'90s and now the brand is doing better than any time in its history. The current iteration of the brand has been on the market for around 10 years, and now handles its own production at the 67,000-square-foot distillery in Louisville. Read More
How much Inventory is the Average Bar Sitting On?
FILED JULY 22, 2016 Maintaining alcohol inventory is a tedious crucial component of running a successful bar or restaurant. But how good at it is the average on-premise venue? The typical amount of alcohol inventory at a US bar or restaurant is 2.1 week's worth of beer, 6 weeks of spirits and 4.2 weeks of wine, according to a recent note from BevSpot, a bar inventory software company. Read More
Penn Alcohol Reform Creates "Whole New Biz Model" for Small Producers
FILED JULY 21, 2016 Last month Pennsylvania Gov. Tom Wolf signed a bill to reform the Keystone state's alcohol system [see WSD 06-08-2016]. We are continuing to unearth the full extent of the changes, but our most recent discovery could be a big boost for "limited" alcohol producers, AKA craft. Read More
Remy Cointreau Reports "Very Strong" US Performance
FILED JULY 20, 2016 As was expected, Remy Cointreau delivered a flattish global performance for its first quarter of fiscal 2016/2017 ended in June. But the portfolio did see a double-digit organic sales boost in the Americas region, driven by a "very strong" performance in the US. Read More
Bacardi Buries Final Lawsuit Against Former Distrib
FILED JULY 19, 2016 Bacardi has settled the last of the 30+ lawsuits it filed against its former distributors in order to fully align with Southern Glazer's Wine & Spirits (SGWS). Most were settled pretty quickly, and as of June, the only holdout was Young's Market [see WSD 06-02-2016]. Read More
Monarch Beverage Dodges Criminal Charges
FILED JULY 18, 2016 Monarch Beverage, Indiana's largest beer and wine distributor, has avoided criminal charges after allegations of illegal campaign contributions surfaced earlier this year, per the Indy Star. Recall, Monarch's competitors at the Indiana Beverage Alliance (IBA) accused the company of illegally funneling campaign contributions to Indiana lawmakers [see WSD 03-29-2016]. Read More
Premiumization Creates Pricing Opportunity for Low-End Wines
FILED JULY 15, 2016 In recent years, consumer-driven premiumization trends have allowed wine companies to increase prices and reduce the number of promotions while maintaining healthy growth. The "higher priced the wine, the more quickly it is growing," per the most recent note from RBC analyst Nik Modi. Read More
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