New World Spirits Attracts Prominent Industry Investors
FILED SEPTEMBER 2, 2014 Craft brands and distilleries are thriving all over the country as consumers increasingly seek out authentic, premium spirits. But with demanding shareholders breathing down their necks, many of the big spirits companies find it easier and more profitable to extend the brands that already have a loyal following or to buy the smaller brands once they've proved to have staying power. Read More
Wine, Spirits Wholesalers Protest A-B Distributor Acquisition
FILED AUGUST 29, 2014 Anheuser-Busch's recent announcement that it plans to buy the Hand family's 800,000-case beer distributorship in Owensboro, Kentucky has caused quite the stir in the beer industry, and now the issue has spilled over into wine and spirits. The Wine and Spirits Wholesaler of Kentucky (WSWK) have spoken out in opposition and WSD has learned The Wine & Spirits Wholesalers of America (WSWA) have put in their two cents as well. Read More
After Soft Full Year Results, Pernod Cautious About US Market
FILED AUGUST 28, 2014 The slowdown in the on-premise hit Pernod Ricard particularly hard this year as organic sales growth in the US slowed from 8% in its fiscal 2013 to 1% for this fiscal year through June 31. Pernod Ricard attributed the slowdown to a less dynamic market than in the two previous years. Read More
B-F Discusses the Big Picture for American Whiskey
FILED AUGUST 27, 2014 With sales flat for its first quarter ended July 31, Brown-Forman's earnings call this morning was fairly lackluster and devoid of brand performance details in the US. Though sales were up 3% to $921 million globally. Read More
B-F Discusses the Big Picture for American Whiskey
FILED AUGUST 27, 2014 With sales flat for its first quarter ended July 31, Brown-Forman's earnings call this morning was fairly lackluster and devoid of brand performance details in the US. Though sales were up 3% to $921 million globally. Read More
Beam Suntory Appoints SABMiller Exec to CFO Post
FILED AUGUST 26, 2014 Beam Suntory has hired SABMiller exec Mauricio Restrepo as its new cfo. He is replacing Bob Probst, who resigned from the post on May 31. Mauricio is currently regional finance director for SABMiller's European business, but will join Beam Suntory early in the fourth quarter, per a statement from the company. Read More
California Wineries Begin to Assess Earthquake Damage
FILED AUGUST 25, 2014 Early Sunday morning, Napa and Sonoma County region was hit by an earthquake with a magnitude of 6.0 - the largest quake to hit the state in 25 years. The epicenter was about six miles southwest of the city of Napa, but the shake was felt hundreds of miles away. Read More
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