TWE's Asti Winery on the Market After Supply Chain Consolidation Move
FILED MARCH 31, 2015 Two months after appointing Bob Spooner the chief supply officer, Treasury Wine Estate has announced it will be consolidating its supply chain in the US and Australia in order to further its goal of building up the company's commercial portfolio. Read More
Bacardi Enters American Whiskey Category
FILED MARCH 30, 2015 This one has been out there for a while, but Bacardi confirmed today that it has acquired Louisville Distilling Co. and the Angel's Envy brand. The transaction closed on March 27, but financial details were not disclosed. Read More
ACSA, DISCUS Begin Push for Federal Tax Break
FILED MARCH 27, 2015 Just a couple of years removed from the Obama Administration's proposal to get rid of the excise tax credit for spirits with flavor additives, the American Craft Spirits Association (ACSA) and DISCUS have initiated a campaign to reduce the federal excise tax, per a joint release. Read More
Alert, David King Leaving Anchor Distilling
FILED MARCH 27, 2015 After four years in the hot seat at Anchor Distilling, David King is parting ways with the company in order to pursue other opportunities. Dennis Carr, svp of sales for the company, will fill the role of president, per a release from the company. Read More
Exploring Regulation Challenges in the Marijuana Industry
FILED MARCH 25, 2015 There are an estimated 50 million casual marijuana user in the US and if all states and the federal government legalized weed, the industry would be worth $35-$40 billion, according to a panel of experts at NABCA's recent legal symposium. And either because the nation's feelings toward the drug are changing or because lawmakers have dollar signs in their eyes, the state dominos are beginning to fall for medical and recreational marijuana sales. Recall, recreational marijuana is now legal in Colorado, Washington State, D.C., Alaska and Oregon, and 23 states and D.C. allow medical marijuana sales. Read More
Gallo Acquires Sparkling Producer J Vineyards
FILED MARCH 24, 2015 E. & J. Gallo Winery has acquired J Vineyards & Winery. J Winery was founded in 1986 by Judy Jordan and produces a range of sparkling wines, pinot noir and pinot gris. The acquisition includes the Healdsburg winery and more than 300 acres spread over nine vineyards within the Sonoma Coast and Russian River Valley AVAs. Terms of the deal were not disclosed, but the sale is scheduled to close this Friday, March 27. Read More
Goliath is Vulnerable and David is Winning
FILED MARCH 24, 2015 In recent years, spirits have outperformed both beer and wine categories with the compound annual growth rate (cagr) of consumption up 1.6% from 1992-2012. However, you may recall from some of our previous reports that the top spirits brands have begun losing momentum as the tail-end of the category picks up the pace. "Goliath is vulnerable and David is winning - not necessarily alone but as a group," Park Street founder Harry Kohlmann told listeners at the recent American Craft Spirits Association conference. Read More
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