Alert, TWE Removes COO Robert Foye
FILED JANUARY 21, 2019 Treasury Wine Estates announced last night that coo Robert Foye has left the company, effective immediately, "due to a breach of TWE's internal policies unrelated to the company's trading performance," per a statement from TWE. Read More
IWSR: Wine and Spirits Volume Growth Decelerates in 2018
FILED JANUARY 18, 2019 Total beverage alcohol consumption was down for the third consecutive year in 2018, with volumes down 0.8% to about 3.34 billion nine-liter cases, according to recent IWSR data. Total volumes were weighed down by beer declines. Read More
Merchant Bank Takes Stake in WhistlePig
FILED JANUARY 17, 2019 Vermont-based WhistlePig Whiskey has announced a partnership with merchant bank BDT Capital Partners. As part of the new partnership, BDT invested in WhistlePig through a structured equity investment which includes a "significant" minority common equity stake, per a release. Full terms of the partnership were not disclosed. Read More
Supreme Court Judges: Will TN Case Open a Can of Worms?
FILED JANUARY 16, 2019 The Supreme Court convened today to hear oral arguments in the case of Tennessee Wine and Spirits Retailers Association versus the Tennessee Alcoholic Beverage Commission and Total Wine & More over the state's residency requirements. This case has garnered a lot of attention because it could potentially determine whether states have the constitutional right to discriminate against in-state and out-of-state retailers. Read More
On-Premise Drives Alcohol Spending in 2018
FILED JANUARY 15, 2019 The year-end reports are beginning to trickle in, and according to BW166 data, consumer spending on total beverage alcohol was up around 5% to nearly $254 billion in 2018. Read More
New Congressional Bill Aims to Regulate Weed Like Alcohol
FILED JANUARY 14, 2019 2019 could be the year we see federal marijuana legalization. Last week, Rep. Earl Blumenauer filed H.R. 420 to federally legalize cannabis, removing it from the Controlled Substances list. (And yes, labeling the bill 420--slang for cannabis consumption-- is an intentional joke.) Read More
Marc Taub on Creating a Purposeful Portfolio
FILED JANUARY 11, 2019 2018 was a transformational year for Taub Family Companies. The organization created a new structure by realigning into two portfolios, Palm Bay International and Taub Family Selections, and in October, the company's Heritance Vintners arm acquired the Saracina Ranch, its first physical winery and estate in California. Read More
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