April Numbers Worth Knowing
FILED MAY 26, 2017 For the first time in years, beverage alcohol sales off-premise grew slower (2.4%) than the larger food and beverage category (3.9%) during the 12 month period to April, according to a BW166 report. Read More
Border Adjustment Tax Dies; B-F Denies Possibility of Sale
FILED MAY 26, 2017 The border adjustment tax (BAT) "looks as if it's finally dead," according to the New York Times, which claims Republicans "will struggle to meet their goal of enacting a sweeping rewrite of the tax code in 2017." Recall, the idea for the measure was to levy a tax on imports, but exempt exports from taxation. Read More
Spiribam, Total Wine Team Up to Make Rum Easier for Consumers
FILED MAY 25, 2017 The rum category has had a rough go of it lately. By the Distilled Spirits Council's count, case sales have fallen from 25.5 million in 2013, to about 24.7 million in 2016. Read More
Alert: Constellation Makes Offer for B-F, Gets Rebuffed
FILED MAY 23, 2017 Constellation Brands has approached Brown-Forman and is looking to buy, according to anonymous sources, reports CNBC. B-F's ownership, the Brown family, has never expressed interest in selling, but the company's market cap is valued at about $22 billion. Read More
Is Craft Fatigue Setting in?
FILED MAY 23, 2017 In our view, the modern resurgence of craft distillers has had three identifiable phases so far. The first wave was the early adopters that set up shop pre-2010. We think of this group as the romantics. They are often founders who had to cobble together the money for their first distillery--usually sans tasting room--and if they've survived this long, typically have nationwide recognition. Many of them are considering their exit plans. Read More
Philadelphia Distilling Hits the Gas with New Partners, Distillery
FILED MAY 22, 2017 Founded in 2006, Philadelphia Distilling was the (actual) first Pennsylvania distillery to get a license since before Prohibition. Likewise, its flagship Bluecoat Gin is one of the early pioneers of the ubiquitous American-style gin. Read More
Diageo to Dedicate Even More Resources to US
FILED MAY 19, 2017 During the last four years of Ivan Menezes' leadership Diageo has altered its global strategy to hone in on fewer, more promising emerging markets while stepping on the gas in more developed markets like the US. Read More
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