After Soft Full Year Results, Pernod Cautious About US Market
FILED AUGUST 28, 2014 The slowdown in the on-premise hit Pernod Ricard particularly hard this year as organic sales growth in the US slowed from 8% in its fiscal 2013 to 1% for this fiscal year through June 31. Pernod Ricard attributed the slowdown to a less dynamic market than in the two previous years. Read More
B-F Discusses the Big Picture for American Whiskey
FILED AUGUST 27, 2014 With sales flat for its first quarter ended July 31, Brown-Forman's earnings call this morning was fairly lackluster and devoid of brand performance details in the US. Though sales were up 3% to $921 million globally. Read More
B-F Discusses the Big Picture for American Whiskey
FILED AUGUST 27, 2014 With sales flat for its first quarter ended July 31, Brown-Forman's earnings call this morning was fairly lackluster and devoid of brand performance details in the US. Though sales were up 3% to $921 million globally. Read More
Beam Suntory Appoints SABMiller Exec to CFO Post
FILED AUGUST 26, 2014 Beam Suntory has hired SABMiller exec Mauricio Restrepo as its new cfo. He is replacing Bob Probst, who resigned from the post on May 31. Mauricio is currently regional finance director for SABMiller's European business, but will join Beam Suntory early in the fourth quarter, per a statement from the company. Read More
California Wineries Begin to Assess Earthquake Damage
FILED AUGUST 25, 2014 Early Sunday morning, Napa and Sonoma County region was hit by an earthquake with a magnitude of 6.0 - the largest quake to hit the state in 25 years. The epicenter was about six miles southwest of the city of Napa, but the shake was felt hundreds of miles away. Read More
Absolut Elyx Establishes US Headquarters
FILED AUGUST 22, 2014 The vodka category has long been crowded and competitive, but several of the mainstream vodka brands have suffered lately as brown spirits are enjoying the lion's share of consumer and media attention. As a result, vodka brands have come up with a variety of ways to overcome the difficult situation. Pernod Ricard, for example, debuted the Absolut Elyx extension, a super premium, handcrafted vodka, in the US market in 2013. Read More
TWE Open to US Acquisitions
FILED AUGUST 21, 2014 To say it's been a challenging year for Treasury Wine Estates would be a vast understatement, but during the company's full fiscal year results last night, chief Mike Clarke said he is "pretty pleased" with how the North American team has handled itself since he took the reigns. In fact, he said there's a possibility it could acquire some US assets -- but we'll get to that in a bit. For the year to June 21, TWE's total wine sales in the Americas were down 2.3%, per Nielsen data, but if we separate out all of the wines under $4, sales were up 4%. Read More
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