Remy Cointreau Faces Pricing Headwinds in Q1
FILED JULY 20, 2018 Remy Cointreau had a slow start to its fiscal year with global organic sales growth of nearly 6% in the first quarter ended June 30. Sales were up in the low single-digits in the Americas, which accounted for 39% of the company's sales--down 2 points yoy--according to svp and cfo Luca Marotta. Read More
Alert, WSWA Names Michelle Korsmo New CEO
FILED JULY 19, 2018 The Wine & Spirits Wholesalers of America has named Michelle Korsmo its next chief, following Craig Wolf's departure this summer. Read More
US Pushes Back Against Retaliatory Tariffs
FILED JULY 18, 2018 On Monday, the Trump Administration filed complaints with the World Trade Organization (WTO) against the countries that have implemented retaliatory tariffs on US goods such as whiskey and wine, including China, the European Union, Canada, Mexico and Turkey, per a statement from the Office of the US Trade Representative. Read More
Alert, Duckhorn Picks Up Kosta Browne
FILED JULY 17, 2018 Duckhorn Wine Company has agreed to acquire Kosta Browne from private equity firm J.W. Childs Associates. The deal will include the company, the winery, all assets and inventory, as well as 170 acres of vineyards through ownership or long-term leases that include Cerise Vineyard in the Anderson Valley, sections of Keefer Ranch Vineyard in the Russian River Valley and Gap's Crown Vineyard on the Sonoma Coast. Read More
Treaty Oak Chief Talks Mahalo Expansion Plans
FILED JULY 16, 2018 Last week, Mahalo Spirits Group, the branding, sales and marketing company behind Angel's Envy, Papa's Pilar rum and Suerte Tequila, added Texas-based Treaty Oak Distilling to its portfolio [see WSD 07-12-2018]. We got Treaty Oak founder Daniel Barnes on the horn to talk more about the partnership and what Treaty Oak will look like moving forward. Read More
More Color on WSWA's New Marijuana Policy
FILED JULY 13, 2018 We reported last night that Wine & Spirits Wholesalers of America has gone public with a new policy to support states' rights to choose to legalize marijuana use, and urged the federal government to respect those that do [see WSD 07-12-2018]. Read More
WSWA Comes Out in Favor of Right to Legalize Cannabis
FILED JULY 12, 2018 Wine & Spirits Wholesalers of America has publicly declared its support for allowing states to choose whether to legalize marijuana use, and says the federal government should respect the states that do "if they adopt cannabis market regulations that meet a framework similar" to beverage alcohol, per a statement from the group. Read More
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