Hahn on the Road to Reinventing Itself
FILED AUGUST 20, 2014 Hahn Family Wines built its name selling value wine brands, but post recession the company is developing a new identity by focusing on its premium offerings, playing up its heritage in the Santa Lucia Highlands and investing in innovation. Coinciding with the strategic shift is the ascendancy of founder Nicky Hahn's son Philip Hahn. Read More
Bacardi Shows Two More Execs the Door
FILED AUGUST 19, 2014 Bacardi is parting ways with two more executives this year: North America region president Robert Furniss-Roe and Derek Hopkins, svp and national sales director for Bacardi USA. Both men have agreed to stay on temporarily, Robert to advise interim ceo Michael Dolan and Derek to help transition a new person into his role. Read More
Rum Cover-Over Issue Peters Out... For Now
FILED AUGUST 18, 2014 The rum cover-over issue has been an ongoing battle for years, but the movement to prevent international companies from benefitting from US territory tax refunds seems to have dwindled to just a few proponents. A columnist for the Trinidad Express Newspapers writes that currently "there appears to be no enthusiasm for robust resistance" to the cover-over subsidy by Caribbean community (Caricom) governments collectively, despite several past threats to get the World Trade Organization (WTO) involved. Read More
Jim Beam Spices Things up with Cinnamon Whiskey Extension
FILED AUGUST 15, 2014 Raking in more than $61 million in 2013, Sazerac's Fireball Cinnamon Whisky has become the go-to shot in the spirits industry and everyone wants a piece. Jim Beam is the latest mainstream brand to get in on the action with the introduction of Jim Beam Kentucky Fire. Read More
Truth Squad Talks Tequila
FILED AUGUST 14, 2014 Thus far, 2014 has seen an above average number of tequila deals and extensions at the high-end of the category. Diageo kicked things off early this year with the purchase of DeLeon and Peligroso brands, Beam Suntory partnered with celebrity Justin Timberlake for Sauza 901, Sidney Frank Import Company picked up the Casamigos brand, Pernod Ricard acquired a majority stake in Avion, Patron unveiled its biggest product launch to date with Roca Patron and just yesterday, Constellation Brands announced intentions to purchase Casa Noble tequila [see WSD 09-13-2014]. Read More
Constellation to Acquire Casa Noble Tequila
FILED AUGUST 13, 2014 Constellation Brands has been searching for the perfect tequila to add to its portfolio for a while and now its found one: super premium Casa Noble tequila brand. Constellation will acquire the Casa Noble trademark as well as its related assets, but the financial terms of the purchase have not been disclosed. Read More
What Would a KKR-Owned TWE Look Like?
FILED AUGUST 12, 2014 Now that Treasury Wine Estates has indicated that it is open to an acquisition by one of its private equity bidders, experts have begun to speculate on what would happen if a sale went through. Read More
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