The Spirits Categories Bucking Premiumization, Craft Trends On-Premise
FILED APRIL 16, 2014 We regularly report on overall wine and spirits trends on-premise. As such, you're likely familiar with the fact that brown spirits are hot and so is craft, premiumization is going strong and fine dining is the healthiest channel. However, Guest Sciences chief Bill Pecoriello --- recall, GuestMetrics and Restaurant Sciences merged to form Guest Sciences --recently gave a presentation at the Vibe conference that dug into these trends and teased out some interesting idiosyncrasies. Today, we'll look at: which spirits categories specifically are driven by premiumization, in which day-parts each category is the strongest, and the amount of share craft spirits take up in each category. Read More
Campari to Acquire Averna Liqueur for $143 Million
FILED APRIL 15, 2014 Campari has signed an agreement to acquire Fratelli Averna S.p.A., the owner of Averna, an Italian bitter, along with the Braulio, Limoncetta and Grappa Frattina brands. The latter marks Campari's entrance into the grappa category. Read More
Wine Opinions: Craft Beer and Wine Similar, But Not Competitors
FILED APRIL 14, 2014 Traditionally, alcoholic beverage consumers tend to be more brand loyal in the beer and spirits categories, while consumers in the highly-fragmented wine category tend to put more value on style and experimentation. However, as craft beer grows in popularity, industry experts have noted this segment of the beer category is beginning to operate more like the wine category. Based on this assumption, Wine Opinions recently conducted a survey of 1,000 high-frequency wine drinkers in order to learn about their beer consumption habits. Read More
Part II: How Wirtz Stays Ahead of the Curve
FILED APRIL 11, 2014 Yesterday, we published the first part of an interview with Rocky and Danny Wirtz of Wirtz Beverage Group (see WSD 04-10-2014). Today, we'll continue that conversation right where we left off as we discuss the wholesaler's position on consolidation, the retail tier and its greatest challenges. Read More
Rocky and Danny Wirtz Talk Growth Strategies
FILED APRIL 10, 2014 Weighing in at about $2.5 billion in annual sales, Wirtz Beverage Group is the sixth largest wholesaler in the US, and they've been very busy in recent years. Recall, in 2013, the company was responsible for some of the most significant headlines in the second tier, including: a partnership with Glazer's and Charmer Sunbelt Group to explore best practices in back office operations; the formation of a joint venture in Missouri with Warren Buffett's McLane Company and Missouri Beverage; a partnership with Johnson Brothers in Iowa and last month the company announced it would be partnering with Diageo to expand the business to Canada. Read More
Constellation Sees Room for Price Increases in Wine Business
FILED APRIL 9, 2014 Constellation Brands has wrapped up its 2014 fiscal year delivering depletion growth of 3.5% for its US wine and spirits portfolio, while Focus Brands, including brands such as Rex Goliath, Kim Crawford, Mark West etc., were up nearly 6%. The growth was driven by a focus on promotion and marketing investments, said chief Rob Sands on the company earnings call this morning. As for spirits, Black Velvet volumes grew 11% in IRI channels for the year and Svedka posted double-digit consumer takeaway trends. Read More
Treasury's New CEO Sees a Future with Luxury Brands
FILED APRIL 8, 2014 You may have caught our late night coverage (see WSD 04-07-2014 ) of Treasury Wine Estates' new chief, Michael Clarke's, presentation to analysts. Our issue focused on Michael's determination to consider all options available to him in fixing the company - including his openness to selling off brands - but Michael also addressed his strategies for the existing portfolio. Namely, he sees more opportunity in their higher-end portfolio and seems to be turning away from Treasury's value end. Read More
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