Insights from Wall Street
FILED MAY 21, 2015 As consumers have become more experimental in their drinking habits, all three beverage alcohol categories have planted a flurry of new products to the shelves in an attempt to keep the sales in the family. New products now account for 18% and 15% of wine and spirits SKUs, according to a note from RBC Capital Read More
Analyzing the State of Brand Loyalty
FILED MAY 20, 2015 Regulators and suppliers alike have descended on Phoenix this week for the annual NABCA conference. In between socializing, your editor took a break to cover some of the business sessions. One of the most interesting thus far included an all-star panel of supplier executive discussing the current state of brand loyalty in the wine and spirits categories. The esteemed panelists included: Proximo Spirits chief Mark Teasdale; Tim Hassett, Beam Suntory's president of North America; Mark Brown, ceo of Sazerac; and Ernest J. Gallo, grandson of E & J Gallo founder of the same name. Read More
Alert, Gallo Purchases 258 Acres of Napa Vineyards
FILED MAY 19, 2015 E. & J. Gallo Winery announced today it has purchased Cypress Ranch and a portion of the Palisades Vineyard in Napa Valley. The combined properties amount to 642 acres and consist of approximately 258 acres of vineyard. Read More
A Talk with Combs Wine & Spirits Chief
FILED MAY 19, 2015 Celebrity endorsed or owned spirits products are easy to come by, but rarely do they manage to take off the way Ciroc vodka did after music and business executive Sean "Diddy" Combs signed on to work with Diageo. Following its first successful foray into spirits, his company Combs Enterprises established the Combs Wine & Spirits subsidiary (CWS) in 2013 and once again partnered with Diageo for a 50/50 joint venture in DeLeon Tequila. Read More
First Beverage Group Joins Team Drizly, More on WSWA Endorsement
FILED MAY 18, 2015 Alcohol delivery service Drizly has secured another $13 million in financing from a group of investors including private equity First Beverage Group. Polaris Partners was the primary investor and Suffolk Equity Partners, who participated in the $4.8 million seed financing in 2014, also joined this round. With this most recent investment, Drizly's backing is up to nearly $18 million since its founding in 2013. Read More
Tito's Surpasses Fireball as Largest Share Gainer On-Premise
FILED MAY 15, 2015 Yesterday during the Brewers Association's Power Hour on-premise research firm GuestMetrics delivered a state of the union for on-premise that revealed some surprising trends for the wine and spirits space. Read More
Silver Oak Acquires Cooperage Amid Claims of Tight Barrel Supplies
FILED MAY 14, 2015 While it's been a problem for a few years now, the American oak barrel shortage buzz has picked up again recently thanks to mainstream publications. Amid the discussion, popular cabernet sauvignon producer Silver Oak has announced the acquisition of 100% of its long-time partner A&K Cooperage. Silver Oak is now the first North American winery to own and operate an American oak cooperage. Silver Oak has had a 50% stake in the cooperage since 2000, but in light of current demand, wanted to secure a consistent supply of aged stave wood. Read More
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